The benefits of a competitive election. Political competition is a wonderful thing. To wit, it is even making a more honest politician out of Barney Frank—well, sort of. Mr. Frank is facing his first serious electoral challenge since 1980 from Marine officer and business executive Sean Bielat, and the liberal baron is making some remarkable concessions to the public mood. For example, he seems newly sympathetic to the plight of small business, saying that he now favors repealing ObamaCare's infamous new Form 1099 reporting requirements for detailing purchases with any contractor above $600. Mr. Bielat has been hammering away on...