DANIEL HENNINGER: OBAMA CAN’T TRIANGULATE:

It won’t happen. This president can’t do it.

Ghosts of the Democratic past—Hubert Humphrey, Al Smith—have been known as Happy Warriors. Barack Obama is a Class Warrior with every fiber of his being. And he isn’t happy.

Read the whole thing.

UPDATE: Okay, there’s also this passage:

Will the nation’s new economic royalists step forward, rope in hand, to produce enough economic activity to help Mr. Obama to a second term of retribution? Maybe not. According to the National Association of Manufacturers, some 70% of manufacturing concerns in the U.S. have owners whose business is taxed at the individual rate (S corporations and the like). These are the people expected to commit capital to new hires and equipment.

But if an angry, let-me-be-clear Barack Obama just looked into the cameras and said he’s coming to get you in two years, what rational economic choice would you make? Spend the profit or gains 2011 might produce on new workers, or bury any new income in the backyard until the 2012 presidential clouds clear?

John Galt was unavailable for comment.