President to adress joint session of congress
Tonight if the Presidential address to Congress, a speech typically delivered within the first year of the term. However as you may have guessed, the speech essentially becomes a state of the union address as all of America will invariably be watching.
What our President has to accomplish today is quite simple really and that is to instill confidence in the economy, something he has failed to do so far. In fact arguably he has done the opposite citing our current condition as a crisis on the precipice of a catastrophe. Since his election our stock market has sold off sharply shaving about 2,000 points on the DOW alone - most astute investors will tell you that the market sold off equally sharply with the anticipation of Obama's inevitable victory. Although similarities between Obama and FDR are numerous, one distinct difference that jumps out at me is FDR's ability to inspire and provide confidence in the most trying of times, he was called the great communicator for a reason.
Unfortunately I expect Obama simply playing up his accomplishments with the stimulus package and will continue to mislead the American public into thinking that not only will this bill be successful, but due to the critical nature of our economy a complete necessity. Truth of course, is that this bill is just a tailor made liberal spending agenda benefiting union labors and government dependent constituency.
I will be watching the address and will check back with my reaction and to Bobby Jindal's speech who was picked to respond, this was a stategic selection considering his stance against the stimulus bill and refusal to accept funds.
What our President has to accomplish today is quite simple really and that is to instill confidence in the economy, something he has failed to do so far. In fact arguably he has done the opposite citing our current condition as a crisis on the precipice of a catastrophe. Since his election our stock market has sold off sharply shaving about 2,000 points on the DOW alone - most astute investors will tell you that the market sold off equally sharply with the anticipation of Obama's inevitable victory. Although similarities between Obama and FDR are numerous, one distinct difference that jumps out at me is FDR's ability to inspire and provide confidence in the most trying of times, he was called the great communicator for a reason.
Unfortunately I expect Obama simply playing up his accomplishments with the stimulus package and will continue to mislead the American public into thinking that not only will this bill be successful, but due to the critical nature of our economy a complete necessity. Truth of course, is that this bill is just a tailor made liberal spending agenda benefiting union labors and government dependent constituency.
I will be watching the address and will check back with my reaction and to Bobby Jindal's speech who was picked to respond, this was a stategic selection considering his stance against the stimulus bill and refusal to accept funds.
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