A Liberal Whiff of Panic

Peggy Noonan thinks that the American people are disheartened. Recently she talked to a mid-level man in Big Pharma. In the old days, it seems, people were confident; they could see a way through the nation's problems.Now they don't. The most sophisticated Americans, experienced in how the country works on the ground, can't figure a way out ... Americans are starting to think the problems we are facing cannot be solved.It is, I suppose, natural that when an elite is on its way out, it thinks that everyone agrees that "the problems we are facing cannot be solved." But Noonan is mistaken. We have been here before, and she ought to remember.In the Carter years -- after the second explosion in energy prices, after the Soviet invasion of Afghanistan, after double digit inflation, after Carter's "malaise" speech -- we had the same liberal funk. It was an era of limits, the liberals told us. Energy was running out; the US was entering a decline; nothing worked any more,...(Read Full Article)