FDR created today's 30 percent coalition. Obama wants to finish the job by turning it into a permanent ruling majority. There's nothing new about the Obama Narrative. It is the FDR Narrative on steroids. It is intended to lead to greater statism and political gain.

We will have bigger bureaucracies, bigger labor unions, and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.

If you think spreading money around by force seems like an odd definition of fairness, you're not alone.

The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives.

At a moment when people are losing faith in their ability to participate in politics and make themselves heard, the media can play a critical role in reversing that sense of alienation.

We find ourselves under the government of a system of political institutions, conducing more essentially to the ends of civil and religious liberty, than any of which the history of former times tells us.

I must confess I took a couple or three jobs just for the money.

I never did any training in journalism or in finance, so I really was in the deep end. I got very good at going to press conferences and nodding. I'd figure it out when I got back to the office. Charts and numbers. I've never been great with facts, ever, my whole life. For a journalist, that's not a very good trait.