Mayor Bloomberg’s latest program is a greatest-hits package of failed ideas.Selective amnesia is an essential trait in anyone promoting government antipoverty initiatives. Last week, as he announced the Young Men’s Initiative, a government effort to improve the life outcomes of black and Hispanic males, New York mayor Michael Bloomberg tried to assert the radically new nature of the program. The “pioneering new initiative” (which will cost taxpayers $67.5 million, with another $60 million thrown in by George Soros and Bloomberg himself) represented “an entirely new approach” to poverty reduction, said Bloomberg. The “across-the-board policy reforms” of the “action plan” would...