I am back from Atlanta with this rather obvious thought: those of us who think about policies rationally, practically, and with a modicum of economic knowlege are hopelessly naive. Policies are foremost about politics, and achieving political advantage. It's a street game with no rules. I have always known that, but I keep forgetting it. Politics is where the action is, and people get termed "statesmen" when they don't seem to get the political games, or who find them distasteful. Especially true since the 16th and 17th Amendments (which I think were disasters).
I think this is why so many talented people either stay away from, or get discouraged by, politics.
This time, I am fully resolved to stop expecting reason or principle from public policy. I am sure this resolution will last about as long as most of my resolutions.