Did you hear the one about a Republican Jon Stewart gunning for The Daily Show? Those waiting for the punchline will have to wait till fall, when The Flipside, a conservative take on political satire, hits the airwaves. Host Michael Loftus is a relative unknown, but as he’s planning to come after “insane liberals,” it’s time for an introduction. A fan of Ronald Reagan and John Adams, Loftus hopes to get Americans to toss political correctness aside for a free exchange of ideas. And if you say the American dream is dead, he gets really cross. He’s breaking into the...