[I]n state capital after state capital, the downturn has highlighted the weaknesses of liberal governance — the zeal for unsustainable social spending, the preference for regulation over job creation, the heavy reliance for tax revenue on the volatile incomes of the upper upper class.[...]
And it also helps explain Obama’s current difficulties. The president is pushing a California-style climate-change bill at a time when businesses (and people) are fleeing the Golden State in droves. He’s pushing a health care plan that looks a lot like the system currently hemorrhaging money in Massachusetts. His ballooning deficits resemble the shortfalls paralyzing state capitals from Springfield to Sacramento.