by the Wall Street Journal

About the author: The Wall Street Journal is a daily business newspaper.

President Bill Clinton has finally found an industry he can bash without it being hazardous to his political health. In the eyes of most voters, tobacco companies are true villains, unlike the drug companies he tried to blame for low vaccination rates among preschoolers, or the health insurers he wanted to take the fall for the problems of our health care system. So the President’s new campaign will score political points, but will it help reduce smoking"

Smoking Has Declined, Except Among Teenagers

To start with, Mr. Clinton and the Food and Drug Administration’s David Kessler are coming late to the party. In 1965, the year after the Surgeon General&rsquo...