So, either Rudy Giuliani screwed the pooch, or he saved Michael Cohen and the president. There’s not much in-between.

Last night, on Hannity, Giuliani made several claims. First, he claimed that Cohen’s payoff to Stormy Daniels had nothing to do with the election campaign — it was just a normal guy’s-lawyer-paying-off-the-porn-star-he-screwed-a-decade-ago arrangement, unfortunately timed for a month before the election. Second, he claimed that Trump had repaid Cohen in installments, presumably through his monthly retainer. Third, he claimed that Trump didn’t know why he was reimbursing Cohen — it had just been an “expense.”