Why Mitt Lost

What ought to pain Republicans most about Barack Obama’s victory is that 2012 was entirely winnable for them. In European elections over the past few years, voters have thrown out leaders who were in charge during the worst of the financial crisis, whether those leaders deserved the blame or not. Economic indicators in the United States, where an unemployment rate of 8 percent is highly correlated with defeat for the incumbent party, pointed in the same direction. Obama himself had proven a d...