Success No Matter What

Success No Matter What

This Friday, September's job-loss total will be announced. Whatever the numbers, administration officials surely will tell us that life is better -- because of them. "We brought the global economy back from the brink," President Obama said at the close of the G-20 meeting last week. "(B)ecause of the bold and coordinated action that we took, millions of jobs have been saved or created; the decline in output has been stopped; financial markets have come back to life."

This has been the president's theme: His so-called stimulus package, bailouts for politically connected banks and industries, ludicrously wasteful programs like Cash...