Laughter has become a kind of coping mechanism in the face of the bloodbath on Wall Street (and in all of our stock portfolios). But how much longer will Americans maintain their good humor? And at what price? Lost financial dreams and vague retirement plans are one thing. But who can summon laughter (nay, even a smile) at the prospect of what lies before us in the face of massive defense cuts of Carter and Clinton proportions? We see before us a world with a host of dangerous tyrants and hostile regimes . . . and our President chooses to engage in guerrilla warfare against which of these beastly personages? Why, Rush Limbaugh of course! The promised change has come, but we maintain hope in it at our peril. It is now time to start hoping and, more important, working for yet another change. Michael J. Boskin’s piece in today’s Wall Street Journal is not to be missed. If there is any lingering doubt on the part of Obamacons regarding their complete and utter imprudence this November, this should be the final blow to it.