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What I think is at stake in 2012, is whether the five or six strong conservatives elected to the Senate in 2010 become 10 or 12. And if that happens, it will fundamentally shift the character of the Senate. It will shift the balance.

Capitalism is the best way of organizing economic activity for a lot of reasons. It unlocks a higher fraction of human potential, it balances supply and demand, it's more consistent with higher levels of freedom. But the way we're pursuing it now, focuses on such short-term horizons, that a lot of businesses and investors are tempted to look at investments in terms of what's gonna happen in the next 90 days, what's gonna happen in one year. But the old phrase, "Good things take time," is true of successful businesses as well.

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