The president's speech on the evening of September 8 was without question
not a speech about the economy or how to fix it; it was another campaign speech
for Obama's reelection. The plan as announced is called "The American Jobs Act" – very long on vocalization and very short on substance. The same old class warfare of "tax the rich" was repeated often. I lost count on, "You Must Pass This Bill." There
are, according to White House sources, $447 billion required for implementation
of this Act (Stimulus 4, one would suspect), although the president never once
mentioned any dollar amount.
read the entire essay