It is true that the top quintile is getting richer while the bottom is getting poorer, but the bottom is not the same people. There is, fortunately, a constant churning at the bottom as new immigrants move in and those who used to be on the bottom begin their long, thrilling upward climb to the American dream.

The opposing party rarely causes so much angst as does one's own.

Obama does not believe in individual upward mobility. He would penalize it, tax it, regulate it, inveigh against it and disincentivize it. We will be like salmon swimming upstream to mate. We will overcome the currents, the waterfall, the rocks and the predators, and will grapple our way up the stream. Then, at the top of the waterfall will stand Obama the Bear, waiting to scoop us up and have us for dinner. The taxman cometh.

Bill and Hillary Clinton have one central idea in their uncluttered, ambitious minds: Hillary in 2008. Let Bush get re-elected, use the '04 primaries and general election to clean out the underbrush of competing Democratic candidates, and proceed unimpeded to the '08 nomination.

In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.

The last man to try to run for president advocating a tax increase was Walter Mondale. He lost 49 states in 1984, and the "I'll raise your taxes" reputation haunted him all the way to Minnesota last year, where he lost his 50th state in the Senate election.

No candidate can win a presidential race advocating gay marriage and opposing the military action in Iraq.