Allan Meltzer’s piece in today’s Wall Street Journal is a must-read, and hopefully within the White House as well as around the country.

There is little hope that this Congress will change its course despite the enormous devastation it is wrecking on the economy.

But if President Obama wants a second term, he will have to embrace real growth via tax cuts, and a new Congress –and especially a new House free of the historically awful leadership of Nancy Pelosi– can push him in that direction.

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