Had the occasion to drive under the Mulholland Bridge, the source of “Carmageddon,” and I have to say I didn’t see a whole lot different about it. But they finished it, whatever it was!

• Matt Stoller writes a great piece on Elizabeth Warren, Barack Obama and leadership. Somehow I think this will matter to actual voters, if Warren goes that route, than whether or not she showed proper respect for the Red Sox (which she actually did). As Matt said, as long as she continues to lead, wherever she lands is fine.

• Just to co-sign with Jon Walker, Moody’s is definitely right that there should not be a debt limit. That’s what the legislative history of the 14th amendment is actually all about. They should go back to how it was done under the Gephardt rule.

• DiFi’s on board with Reid-McConnell as the only way forward. My theory is that the votes will be there for it, regardless of how many terrible pieces get larded on top.

• Dave Weigel attended a MoveOn house party about building an “American Dream Movement.” I definitely support the idea; it gets us closer to a politics of grassroots liberalism and bottom-up activism that has been sorely missing. That was largely the content of my pieces on Obama’s last lecture.

• Eric Holder backs retroactive sentencing using the new, lighter crack/cocaine sentencing disparity, reversing an earlier view. This means that a handful of people will get reduced sentences, but importantly, it sets a precedent for the future.

• Rebekah Brooks’ husband “lost” his wife’s computer in a trash can the day after she was questioned by police about the phone hacking scandal. Mm-hm.

• Those defending the Independent Payment Advisory Board as the best way to get savings in health care have to address whether it will exist at all if nobody is ever nominated to serve on it.

• It’s not just CFPB: the Dodd-Frank-created Office of Financial Research is also under assault from Republicans. Weird to see Nassim Taleb join in, too.

• Meanwhile, businesses cranked up their assault today on new union election rules pushed by the NLRB.

• Will the military still rule in Egypt even after elections?

• Robert Samuelson is dumber than a bag of rocks. Sorry to be shrill.

• David Petraeus is out of Afghanistan and headed to the CIA. I don’t think much will change about the command over there, nor in the covert ops.

• We’re finally starting to hear about how Mormons aren’t welcome in the Republican Party, despite their Mormon frontrunner. Herman Cain went ahead and addressed this head-on today. It’s the great unspoken issue of the Republican primary. And when Rick Perry gets in, the whisper will get louder.

• Brad DeLong explains Treasury’s options come August 3 if the debt limit isn’t raised. They all involve breaking the law… UPDATE: Eagle-eye commenters point out that the only non-illegal option listed is Treasury minting a coin in whatever denomination they want and putting it in their Fed account. I personally think that coin should have Reagan on it. Who could argue with a Reagan ex machina saving the day?

• Patrick McHenry is getting rich from the bank lobby over bashing Elizabeth Warren. To those who think Warren would be able to raise a fortune in a MA-Sen run, this would happen to Scott Brown too.

• One of the recall elections tomorrow in Wisconsin is a general election, because the favored Republican challenger didn’t get the required signatures, leaving only one opponent to Dem Sen. Dave Hansen. Hansen is poised to win big.

• A Republican Congressman from Minnesota has up and moved to New Hampshire because his wife got a job there. So he will clearly be enlightened now by the problems of being locked to your home and unable to travel for work.

• The White House is dodging questions about the President’s support of ex-gay therapy? The hell?

• No, there really is a global terrorist network, Yemen and Somalia edition.

• The ethics violations must have caught up with Mike Haridopolos, who quit a Senate race in Florida before it even really started.

• There’s an openly gay chair of a state Democratic Party. In Utah.

• John Hawkins’ lament about the death of the conservative blogosphere will sound very familiar to liberal bloggers unattached to a big media home.

• When Lawrence Summers starts blogging, doesn’t that mean it’s time for the rest of us to stop and find something new?

• It’s come to this: Oklahoma Governor Mary Fallin is calling on citizens to “pray for rain” to stop the state’s drought.