Let us now praise Barack Obama.

Unquestionably, American political rhetoric can be repugnant, and the Right can certainly be as guilty as the Left.

Is victory sweet because your side wins - or is it really because the other side loses?

Every great political campaign rewrites the rules; devising a new way to win is what gives campaigns a comparative advantage against their foes.

Let us now praise Barack Obama.

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.

Obama has seen to the passage of the most radical legislation in recent American history and so-called 'progressives' should be thanking him for it - even as many of the rest of us rear in horror from its implications.