Nobody loves you when you 're down and out
Who's the legitimate ruler here?"Senator Pat Moynihan asked aloud at a press conference last week. It was an impish inquiry, since Legitimate Ruler Jimmy Carter was alive and well at the other end of Pennsylvania Avenue, but Moynihan's question reflected Washington's increasing sense of dissatisfaction and disarray. Indeed, as the week's end brought some expert claims that the U.S. has already entered a recession even though the Consumer Price Index rose in April at an annual rate of 14%, Carter himself may have felt like a man on the wrong side of...