If solving the nation’s economic woes is really just a matter of massive deficit spending, then Obama’s campaign was exactly right. Hope and change are all we need. Experience as a chief executive—unnecessary. Knowledge of business and the private sector—Who needs it? A résumé with actual accomplishments—that’s so last term! If Obama’s approach to economic crisis is merely to write checks that the Treasury can’t cash, then the only experience a president needs is that of overspending, overtaxing and underperforming. Perhaps a community organizer from Chicago has all the qualifications necessary.

Whether he does or not, we shall soon have our answer. But it won’t come cheap.