Bashing Capitalism Is No Substitute for an Agenda

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July 18 (Bloomberg) -- Barack Obama’s allies are praisinghis re-election campaign for the ferocity of its attacks on MittRomney and his business record, and for shaping the contestaround the theme “the rich against the rest.” The U.S.president’s enemies deplore it for the same reasons.

My feelings are mixed. The strategy isn’t wholly wrong,just woefully incomplete.