• "Don't ask, don't tell": This policy prevented the armed services from discriminating against homosexuals while simultaneously removing those who openly disclosed their sexual orientation. By most military accounts, it was a success. Democrats nonetheless passed a bill in 2010 granting the executive the power to repeal it, and in July of last year President Obama undid the Clinton compromise.
• The Defense of Marriage Act: Clinton signed it in 1996, acknowledging the states' traditional role in family law. Allowing respective states to determine whether or not to embrace same-sex unions diffused the issue for all but the most ardent of activists. However, last year Obama instructed the Justice Department to quit defending the law, and in a campaign switch, the president now publicly supports gay marriage.
• Welfare reform: Obama's Health and Human Services' waiver of the Clinton-era work requirements aimed at testing "alternative and innovative strategies," such as combining "learning and work ... or job search/readiness programs" is coming under fire from the Government Accountability Office. Its general counsel released an opinion saying that changes in the law should have been approved by Congress, not by the executive.
• Capital-gains taxes: When the capital-gains rate was cut from 28 percent to 20 percent in 1997, revenues doubled to more than $127 billion during Clinton's second term. Obama is demanding a staggering 59 percent increase in the rate. His preferred rate of 23.8 percent includes his new 3.8 percent Obamacare investment tax.
• Spending: Due to a Cold War peace dividend -- as well as a recalcitrant Congress -- spending as a share of GDP under Clinton fell to less than 19 percent, and debt flatlined. During his first term, Obama has racked up $5 trillion in new debt; spending is at 25 percent of GDP, and instead of laying claim to new savings in the budget, the president says, "After two wars that have cost us ... over a trillion dollars, it's time to do some nation-building right here at home."