Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.
Mr. Obama still has time to reverse course. A great deal depends on it. To fail on health care yet again might well be the 'Waterloo' Republicans dream of.
Can policy be both wise and aggressively partisan? Ask any Republican worth his salt and the answer will be an unequivocal yes. Ask a Democrat of the respectable Beltway variety and he will twist himself into a pretzel denying it.
One of the things I keep coming back to in my writing is that society doesn't work on this mirror principle, you don't have an exact replica on the left of what you have on the right. It just doesn't work that way.
Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.
While Democrats fussed with the details of health care reforms, conservatives spent months telling the nation that the real issue is freedom, that what's on the line is American liberty itself.
