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The Conservative Showdown Yields a Winner

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WASHINGTON -- The last few years have been the most decisive and divisive ideological period since the early 1980s, perhaps since the late 1960s. Barack Obama has pursued Keynesian economics on a breathtaking scale, racking up three deficits in excess of a trillion dollars and presiding over a national credit downgrade. In a march of partisan votes, he passed a health reform plan that relies on unprecedented federal powers to reorganize one-sixth of the economy.

The ultimate success or failure of grand executive ambition is measured by its effect on the other ideological side. Opposition to the Reagan revolution...

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