AEI’s Jonah Goldberg asks: Does Obama need Bill Clinton? “But asking ‘Why?’ of Bill Clinton is a sucker’s game. Sure, he may give you an answer for why he did what he did, but any answer he gives you will be the verbal equivalent of an ice sculpture: impressive, but not expected to last long in the light of day. When he said that Mitt Romney is qualified to be president and had a “sterling business career,” he might as well have dropped the microphone and walked offstage, ‘Clinton out.’” (National Review

Stanley Kurtz on Obama and third parties: “On the evening of January 11, 1996, while Mitt Romney was in the final years of his run as the head of Bain Capital, Barack Obama formally joined the New Party, which was deeply hostile to the mainstream of the Democratic party and even to American capitalism. In 2008, candidate Obama deceived the American public about his potentially damaging tie to this third party. The issue remains as fresh as today’s headlines, as Romney argues that Obama is trying to move the United States toward European-style social democracy, which was precisely the New Party’s goal.” (National Review)

“Who knows? If a eurozone collapse spreads to America later this year, a panicky Washington might just be up for a replay of the spending binge of 2008 and 2009. Except the US debt situation is twice as bad as it was back then; financial markets might not be so acquiescent this time around. Interest rates could spike. The dollar could drop. Welcome to Great Recession 2.0 — or worse,” writes AEI’s Jim Pethokoukis. (New York Post)

Is there going to be another face-off on the debt ceiling between Democrats and Republicans? “[W]e should have one — the more contentious, the better,” writes Cato’s Jagadeesh Gokhale. (Politico)

Room for Debate asks: Can a politician win without Wall Street? (New York Times)

Hoover’s Deroy Murdock: Government unions lose. (National Review)