Responding to questions concerning Obama's upcoming Jobs speech a White House aide had this to say:
"I don't want to downplay the speech [next week]—it's going to be substantial. But the idea that this is the be-all and end-all is wrong."REALLY? Not going to be and end-all. Who would have guessed? Once again we see the ineptitude of this administration. Before leaving for Martha's Vineyard, Obama set expectations so high that there is no way he will meet them. He further complicated the issue by setting the venue of the speech to be in a joint session of congress, a move usually reserved for State of the Union addresses or declaration of war.
What will he say? The usual Keynesian nonsense of course: More 'investment' in education, infrastructure etc (read spend-spend-spend). Evil millionaires must pay more (read class warfare). Blame Bush/Congress (Not my fault). More regulation (grow the federal government). If there is anything else not related to Keynesian economics I will be stunned.