Maybe Mr. Hogan is enjoying the moment and soaking up some attention while he can. But maybe he really will run — and that could be bad news. We say that not because he’s unqualified to be president — in what may be the faintest praise we’ve ever uttered, he is manifestly more so than the actual president. We’re not worried that a campaign would divert his attention from running the state — his has often been a light hand on the tiller while the General Assembly drives policy, and that’s worked out pretty well. We aren’t scared of retaliation against Maryland by President Trump. He certainly might try, but the Democratic House, led by the former Nancy D’Alesandro, would presumably have our back. Nor is our concern that he would lose, and badly, to a president with a lock on the Republican base and a way of eviscerating opponents on the campaign trail. Losing in a campaign that stands for a sane conservative alternative to Trumpism (and weakens the president’s general election prospects in the bargain) would be a worthwhile pursuit.