I thought Obama's speech was a good campaign speech. It was completely devoid of details, it was aimed at voters instead of congress, and it was in reaction to recent media events.
As a presidential speech, it fell flat, and failed to deliver. There were no real promises in the speech. Although giving money to community banks will help small businesses (because large banks are currently not lending to small businesses due to the risk....), the number of jobs created through this money will not be enough to make a serious dent in unemployment. The rest of the jobs that Obama wants to create are government jobs, and he will have to have a significant stimulus bill to create enough government jobs to seriously make a difference. I do not think such a large stimulus bill can get approved in this political climate.
Obama was trying to regain momentum for his presidency. I think he will be successful in rallying the Democratic House members behind him, but I do not think he made any difference in rallying the Senate or any independent voters. He is a weakened president who wasted his first year fighting for an initiative that is now dead (health care). What he does have going for him is that jobs are an issue that every member of both the house and the senate have to deal with if they want to appease their voters back home. Some sort of jobs bill will get passed. If Obama can get in front of the jobs momentum and truly own it and convince voters that it is his initiative then he might be able to salvage some of his credibility.
As a presidential speech, it fell flat, and failed to deliver. There were no real promises in the speech. Although giving money to community banks will help small businesses (because large banks are currently not lending to small businesses due to the risk....), the number of jobs created through this money will not be enough to make a serious dent in unemployment. The rest of the jobs that Obama wants to create are government jobs, and he will have to have a significant stimulus bill to create enough government jobs to seriously make a difference. I do not think such a large stimulus bill can get approved in this political climate.
Obama was trying to regain momentum for his presidency. I think he will be successful in rallying the Democratic House members behind him, but I do not think he made any difference in rallying the Senate or any independent voters. He is a weakened president who wasted his first year fighting for an initiative that is now dead (health care). What he does have going for him is that jobs are an issue that every member of both the house and the senate have to deal with if they want to appease their voters back home. Some sort of jobs bill will get passed. If Obama can get in front of the jobs momentum and truly own it and convince voters that it is his initiative then he might be able to salvage some of his credibility.
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