Today, on the Ed Morrissey Show (3 pm ET), Jim Geraghty joins us to take a look at the perpetual campaign … and perhaps the perpetual outrage as well. Has Barack Obama lost the center already? We’ll look at Democratic “gang”-banger Evan Bayh, as well as AIG outrage and its poor reflection on competence in the White House. Caleb Howe joins us to discuss the JournoList controversy, and debate whether this reveals a secret left-wing media cabal or a bunch of guys with time on their hands.

Update: James Pethokoukis of US News & World Report will join us (in bonus minutes!) to remind us how the Community Reinvestment Act works … to build new housing bubbles and destroy economies.

Now you can join the conversation in the chat room! Be sure to register at Ustream to participate in our raucous live-chat sessions. (And if the log-in prompt doesn’t come up in the chat box below, use this link instead.) Jazz Shaw of The Moderate Voice moderates the chat, and he has his Troll Gun Trivia Contest running before the show, for those who get there early — and are registered!

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Opening animation from TG Studios.