Holman Jenkins on Obama and Oil

Holman Jenkins, in the middle of a column speculating that BP is going to be the target of a Chrysler or GM-style politicized bankruptcy: "Let's even doubt whether this is wholly a political disaster for President Obama. We live in a historical moment that plainly calls for reforming the welfare state and restoring our economy's dynamism. He has spent two years trying to expand entitlements and raise taxes."