Republican presidential nominee Mitt Romney is campaigning on a five-point plan to fix the U.S. economy. But the plan leaves one all-important question unanswered: How to fix the New York Yankees?

Three years ago, I know that many Yankees fans felt a fresh excitement about the possibility of a new dynasty. When that hard-fought postseason was over, Yankees fans were eager to go back to work. They were ready to live their lives the way they always have: self-assured, superior to others, confident in their future.

This,...