In the looming policy and political battles of 2012, what are the strengths of the Democratic Party?
The Democrats' most formidable asset is their field general, Barack Obama. The President retains the nation's loudest megaphone, with unmatched fundraising ability and the approval of nearly half the country--significant backing, given the grim unemployment rate. So far, no Republican presidential hopeful has rattled the White House, though the re-election team is watching Mitt Romney and Jon Huntsman closely. Despite a few fissures over entitlement spending, Democrats largely are united behind Obama's vision of a balanced approach to deficit reduction, which has substantial public...