Obama has had two raging successes in his term: He has slashed unemployment by persuading millions to give up hope and leave the labor force; and He has cut illegal immigration by casting the United States into a permanent job shortage. Some achievements!

Obama's perverse view of fairness threatens to create reverse incentives, militating against growth, jobs, expansion and upward mobility.

Leadership is a dynamic tension between where a politician thinks his country must go and where his voters want it to go.

The reapportionment of 2002 designed congressional districts that favored incumbents of both parties, leaving virtually no room for challengers to be elected. Of 435 members of the House of Representatives, only four incumbents lost to nonincumbents of the other party. In all, 96 percent of incumbents were re-elected. (It was only 90 percent in 1992 and 1982 after the previous reapportionments.)

A politician can do what he thinks is right, he just has to be sophisticated in how he goes about it. Those who seek a president who 'will disregard the polls and just lead,' ask for the political equivalent of 'The Charge of the Light Brigade.'

Socialist countries throughout the world love to lower retirement ages to make people prematurely dependent on the government. But we should move in the opposite direction. In the long run, indexing retirement to life expectancy will yield enormous revenues to the system, far more than a one-shot increase in the age in the current legislative cycle.

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.