
The U.S. president has lost the war he started with Iran — or at the very least he has no chance of winning it — but accepting defeat and repairing the damage of the error is simply beyond his reach.
Some of the ultra-rich who backed Barack Obama in 2008 are switching to Mitt Romney in 2012 because the President has called for closing tax loopholes that allow hedge-fund and private-equity billionaires to pay lower tax rates than working stiffs,…