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Great news for Wall Street, polluters, and people who don’t like the poor to have insurance.

Phil Gramm, once the Senate Banking Committee chairman, and Michael Solon, a former Mitch McConnell aid, offer a penetrating glimpse into the obvious, in a Wall Street Journal editorial with the subtle headline, “Cheer Up, Obama’s Legacy Can Be Erased.”

You don’t say.

If you hadn’t guessed, the gist is that a Republican president committed to deregulating the financial industry and polluters and the individual health insurance market (among other segments of the economy) could do a great deal unilaterally upon taking office.

And yes, it is true. The Republican Party doesn’t like Obama very much and has been promising to do precisely this for some time. There’s just one more minor obstacle to overcome. “All the American electorate must do now is choose a president totally committed to overturning the Obama program—and Obama’s sand castle will be washed away.”

Verily, all that’s left is to campaign on destroying the legacy of a president who would be re-elected handily if he were eligible to run for a third term. Why didn’t anyone think of this before?