Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or personal behavior.

Perspective gives us the ability to accurately contrast the large with the small, and the important with the less important. Without it we are lost in a world where all ideas, news, and information look the same. We cannot differentiate, we cannot prioritize, and we cannot make good choices.

Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution.

When Obama gutted Medicare by taking $717 billion out of it, the Romney plan does not do that. The Ryan plan mimicked part of the Obama package there, the Romney plan does not. That's a big difference.

The Internet will win because it is relentless. Like a cannibal, it even turns on it own. Though early portals like Prodigy and AOL once benefited from their first-mover status, competitors surpassed them as technology and consumer preferences changed.

The American formula for creating business is not to have the government create business.

Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.