Midway through this first year of Republican legislative hegemony, President Clinton has seemingly risen, once again, from the political dead. One cannot yet say the same for the Democratic Party or the cause of liberalism. The Republicans are still very much in charge, with an agenda more stridently radical and more dominant than anything justified by their slender win last November. One prospect is that the Clinton presidency will survive, but in an alliance with a conservative Congress and at the expense of liberalism. Another is that Clinton's attempt at accommodation will fail, and the right will make a clean sweep in 1996.