If you thought President Obama’s address to the nation this week would have focused on the Deepwater Horizon oil spill that is destroying the Gulf Coast economy, you would have been only partially correct. The president did mention what he called the “menacing cloud of black crude,” but the heart of his remarks was a political speech that attacked the president’s political enemies while pushing for a stock “green” agenda, including cap-and-trade legislation, that had no obvious connection to the menace in the Gulf Coast. What was supposed to be a leveling with the American people about the oil crisis...