I think that really, when we look at this whole process, we can come to the conclusion that there is no such thing as a moderate Democrat, that fundamentally all Democrats are Democrats.

The stagnation of the Japanese economy in the past 20 years is eloquent testimony to the fact that government usually gets it wrong. Sometimes it makes the wrong decision because it fails to anticipate the market (as Japan did when it downplayed laptop computers and stressed mainframes).

The most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to 'refund' taxes they never paid. And it will eliminate the need for about 20% of American households to pay income taxes, lifting the proportion that need not do so to a majority of the voting population.

Take whatever position you want, but do take a position, because once you do, ample money awaits you on either side.

Nothing works on the campaign trail like attacks on candidates for bad attendance. It alienates people on both sides of every issue and reflects a callous disregard of the work of the people. The feeble argument that "I'm running for president" isn't much of a rebuttal: George W. Bush finds time to be president, and he's running too.

How, voters will ask, can we cover 50 million new people without any new doctors or nurses? The answer is to ration health care, with the U.S. government deciding whom will get hip and knee replacements, heart bypass surgery and all manner of medical treatments. And what does rationing mean? It means that the elderly will be denied care, which they can now get whenever they want it.

The problem: Democrats have to drop their stupid class-warfare rhetoric. With 74 million Americans owning stock in one form or another, anything which helps them can't be derided as a sop to the rich.