When the entertainers of the Right aren't declaring their disgust with President Obama for groveling before foreign potentates, they're pretending to fear him as a left-wing thug, an exemplar of what they call 'the Chicago way.'

As it happens, Chicago is the nation's leader in municipal privatization efforts. That's right: The city that conservatives portray as the citadel of the power-grabbing, government-growing left has been selling itself off in pieces for years. It signed a 99-year lease for the Chicago Skyway, a toll road in the city's South Side, back in 2005.

Thanks to a deal finalized in 2008, Chicago's parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi.

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