“Purportedly, the president has recently been reassuring Democratic donors that his signature achievement, Obamacare, could be readjusted in his second term — something Republicans have promised to do for the last two years. What an evolution: The president has gone from telling us we would love Obamacare, to granting favored companies exemptions from it, to giving private assurances to modify it after reelection — all before it has even been fully implemented,” writes Victor Davis Hanson. (National Review)

Third Way’s Bill Schneider: Wisconsin recall: Playing politics with voter anger. (Politico)

“Twenty-three months after President Obama gave us Wall Street “reform,” the results are in — and they’re not pretty. The Dodd-Frank law didn’t end “too big to fail”; it just gave Washington someone new to blame for the next blowup-and-bailout, namely the hapless regulators,” writes Manhattan Institute’s Nicole Gelinas. (New York Post)

“The House Foreign Affairs Committee is scheduled today to take up the most consequential piece of legislation in years related to Russia: the Sergei Magnitsky Rule of Law Accountability Act of 2012. With strong bipartisan support, led by Rep. Jim McGovern (D-Mass.) and Sen. Benjamin L. Cardin (D-Md.), the Magnitsky bill is the most serious U.S. effort to address human rights and the rule of law in Russia since the collapse of the Soviet Union,” write Robert Kagan and David Kramer. (Washington Post)

CAP’s Matt Miller wonders how god Angela Merkel’s best fireside chat is. (Washington Post)