This morning Debbie Wasserman Schultz, speaking for Democrats, proudly declared, “We own the economy.”

We have finally found common ground between the GOP and Democrats. Republicans will fully embrace Ms. Wasserman Schultz’s admission. In fact, I rather suspect they’ll cite her much more often, and with much more glee, than Democrats. I’ll go even further: Ms. Wasserman Schultz’s words will make their way into Republican ads, but no Democratic ones. Which tells you quite a lot, doesn’t it?

The days of blaming Obama’s predecessor are long over. The days of accountability have begun. And the president and his party will pay a fearsome political price for it, and for what they have wrought.