Commentary of the Day

RFM, on Peter Wehner:

While it’s encouraging to see PBO come down to earth, we’re nowhere near a tipping point. Young people, who voted 2:1 for PBO, aren’t as invested in the stock market. So they’re not spooked by the Dow’s lows. Furthermore, unlike 15 years ago in the run-up to the dot com boom, young workers don’t now all aspire to be dot com entrepreneur/capitalists, with the job risk that entails.