Economy

Vague Details of the President’s Speech

Vague details, or what you may call a preview, have emerged for President Obama's speech tomorrow night to a join session of congress.

WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans to lay out a $300 billion job-creation package on Thursday, CNN reported, citing Democratic sources.

The proposed new spending, to be announced by Obama in a nationally televised speech to Congress, would be offset by budget cuts, the report said, signaling that the Democratic president hopes to mollify the concerns of Republican fiscal hawks resistant to his jobs ideas. [...]

"We need to do things that will have a direct impact in the short-term to grow the economy and create jobs and the president will put forward proposals that will do just that," White House spokesman Jay Carney said.

What does it mean that budgets cuts will be included in the proposal? It means the Republicans are going to look extra bad when they oppose the plan, and you know they will.

You know they will not allow this president to do anything truly meaningful on jobs, so when they oppose a jobs plan which preemptively includes off-setting budget cuts, it's going to look deliberately asinine to even the most casual observer.

Even if this proposal never passes, the president will emerge on the other side looking better than his opponents.

You can count on the Very Serious Media to run with whatever bullshit "Bad News for Democrats" meme they've already cooked up, but moderate, independent, and even some Republican voters will be watching this one very closely and they will not be pleased if the fanatical Republicans of the House block a deficit-neutral jobs bill.