There is not much more that can be written or said. When the applause quiets down and oval office oratory ceases to roll with the wind, nothing has happened. The speech had a great cover title--The American Jobs Act -- but no inside substance. Obama insists his plan will jump start the economy and if the congress does not pass it, then it is not his fault the economy is in the drink. The administration will insist that the European financial problem is the reason the market has dropped today. You be the judge.
In my opinion, Obama says his plan will boost typical pay by $1,500, which he failed to mention is not tax free. And if we spend it all, it represents only about an additional $6-9 Billion per month in consumer purchases. We now spend about $400 billion per month so the Obama plan is a sand pebble in an economy that needs a whole new beach.
The bridges, roads and school buildings are all things we need anyway so why get excited about the necessities.
What could he have done? He should have asked Newt Gingrich. OMG I wish he as electable.
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