If Barack Obama is defeated, the irresistible comparison will be with Jimmy Carter. A one-term president was rejected after pursuing big government programs amid high energy prices and attacks on America in the Middle East.
Actually, that's not entirely fair to Carter. His budget deficits were minuscule next to Obama's, and in response to the Soviet attack on Afghanistan he began the defense buildup that Ronald Reagan accelerated.
Carter supported airline deregulation, which made air travel widely accessible, as well as rail and trucking deregulation, which squeezed...










If Obama Wins, Will He Be Another Woodrow Wilson?