Could Democratic presidential candidate John Edwards actually be right about something? Not where to go to get a haircut, mind you, I mean about there being two Americas. There is the vibrant America . . . and the stagnant one. There is the America of ever-increasing wealth, innovation, creativity, of a dynamic economy, new jobs, new products and services. Choices galore. Information overload. The abundant work product of freedom. And there is the politician's America: The regulated America, the subsidized America, the earmarked America. The failing America. In one America it is what you produce that gets you ahead. In...