Mikhail Gorbachev won the Nobel Peace Prize in 1990. A year later, he was out of power and the Soviet Union had dissolved.

I don't mean to compare Barack Obama to Gorbachev, who was, whatever his faults, a truly historic and courageous figure. But let's hope the parallel extends this far: that a year from now the Democrats suffer a major electoral repudiation, and that the New Liberalism goes the way of Reform Communism. And that, beginning in 2013, Obama will have lots of free time to spend hobnobbing with Gorbachev on the international celebrity circuit.