From the Today show:

I had the read the quotes from the AM Report posted earlier today, but hadn't watched the video until just now. This was, to put it politely, not Axelrod's best. He essentially admitted that Obama was in fact making a reference to his race with his "dollar bill" remarks and then - almost as if he recognized the mistake and lost his train of thought - stumbled badly when trying to answer on the question of energy and taxes.

Axelrod is normally so smooth, my expectation before watching the clip was that he would smack Davis around pretty good on the race issue and the negative ads. Instead, it looked to me like the other way around, with Davis coming off as confident, poised and forceful, and Axelrod losing his composure a bit. Very surprising.