BRET STEPHENS: Anatomy Of A Feckless Presidency: Gone are the days when the American president was capable of articulating the American interest. You have to believe in it, to be able to articulate it.

Plus: “Mr. Putin’s Russia is a petro-oligarchy whose survival depends on high oil prices and privileged access to the West for the politically connected elite. Raise interest rates, investigate the finances of Mr. Putin’s inner circle, impose travel bans on Putin’s cronies and broaden the scope of the Magnitsky Act, and we’ll see just how resilient the Moscow regime really is.” Start coastal drilling and oil exports. And if the NSA doesn’t know where Putin’s offshore money is parked, it should be abolished.