Lots of attention is being paid these days to Hillary Clinton’s White House campaign. If, as Hillary’s husband famously said in 1992, the issue really is the economy, stupid, then we can expect the 2008 election to be a referendum on whether the nation should return to Clintonomics.

The Republican nominee, for better or worse, will be stuck defending Bush’s record. That will be no easy task, at least before an audience of voters who want more freedom and less government. To paraphrase Clinton Treasury Secretary Lloyd Bentsen, George Bush is no Ronald Reagan. And as Hillary will no doubt say in her campaign, Bush isn’t even Bill Clinton.