The meaning of yesterday’s defeat

"Note, however, that Obama didn’t campaign as someone who is unconcerned with debt; nor did he campaign on a transformative platform. Instead, he campaigned on a program of dealing with the debt by taxing the rich. Once it becomes clear to Americans that we can’t solve the debt problem this way, he will be left high and dry. That’s fine with him, but it won’t be fine for his Party."    [Power Line]