Joshua Muravchik reviews After Bush: The Case for Continuity in American Foreign Policy by Timothy J. Lynch and Robert S. Singh.

Two recent books on American foreign affairs suggest that a dramatic shift in U.S. national security policy come January 2009 is both imprudent and unlikely.

There is no evidence for the notion that large, nonbank financial institutions cannot be allowed to fail, yet the claim has become the foundation for the Obama administration's regulatory regime.

Neither actual conditions in the financial markets nor historical patterns call for the systemic risk and resolution system envisioned by the Obama administration's financial system reform proposal.