That recovery will come sometime before Barack Obama begins his campaign for reelection. Will it be as vigorous as it might have been in the absence of more intrusive government? Perhaps not. But even an anemic recovery, especially when judged against the current recession, will allow voters to answer in the affirmative the question Ronald Reagan famously put to Jimmy Carter in 1980--"Are you better off than you were four years ago?" As Obama's likely opponent, Sarah Palin, might put it in a moment of candor, "You betcha." Voters will be comparing the economy Obama inherited with the one over which he is presiding, not with the might-have-been condition resulting from a McCain presidency. On to 2016, which might be a different story.