In 2008, the slogan was “Yes We Can.” For 2011–12, it’s “We Can’t Wait.” What happened in between? Candidate Obama, the vessel into which myriad dreams were poured, met the reality of governance.

His near–$1 trillion stimulus begat a stagnant economy with 9 percent unemployment. His attempt at Wall Street reform left in place a still too-big-to-fail financial system as vulnerable today as when he came into office. His green-energy fantasies yielded Solyndra cronyism and a cap-and-trade regime not even a Democratic Congress would pass.

And now his signature achievement, Obamacare, is headed to the Supreme Court, where it could very well be struck down, just a week after its central element was overwhelmingly repudiated (2–1) by the good burghers of Ohio.

We can’t wait. Except for certain exceptions, such as the 1,700-mile trans-U.S. Keystone XL pipeline, carrying Alberta oil to Texas refineries, which would have created thousands of American jobs and increased our energy independence.