Dear Bill Clinton,

Your Middle East peace efforts crumbled. Your health-care plan vanished with grunge rock. But now you can build on your most lasting legacy: obliterating the line between politics and entertainment. Last week you met with NBC to discuss hosting a daytime talk show to the reported tune of $50 million a year. Respectable commentators urged you to pass. Now even your own people are knocking down the idea. But don't listen to the naysayers.

Their first objection is the silliest--that the demands of taping a show are too great. Right, pulling all-nighters over a budget impasse is a cakewalk. But interviewing...

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