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Texas’ Rick Perry indicted on felony counts

The governor and likely presidential candidate was indicted late yesterday. Does the case have merit? And how will this affect Perry's presidential ambitions?

Texas Governor Rick Perry speaks in Austin, Texas, on Nov. 18, 2013.
Texas Governor Rick Perry speaks in Austin, Texas, on Nov. 18, 2013.AP

Steve Benen is a producer for "The Rachel Maddow Show," the editor of MaddowBlog and an MS NOW political contributor. He's also the bestselling author of "Ministry of Truth: Democracy, Reality, and the Republicans' War on the Recent Past."