President Obama's current vacation on Martha's Vineyard is going to be not just R&R for our beleaguered Commander-In-Chief and his family, but also a working vacation during which he intends to bring his titanic talents to forging the very thing the citizens of our Republic hope and pray he will be able to produce: a speech.
Seeking to jolt the economy, President Barack Obama will unveil new ideas to create jobs and help the struggling poor and middle class in a major speech after Labor Day. And then he will try to seize political advantage by spending the fall pressuring Congress to act on his plan.
Obama’s plan is likely to contain a mix of tax cuts, jobs-boosting construction projects and steps to help the long-term unemployed, a senior administration official told the Associated Press. The official emphasized that Obama’s proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, like his idea of an “infrastructure bank” to finance construction jobs.
I'm wondering exactly when the stock markets will have "priced in" the economic impact of the latest evidence of presidential incompetence this speech will no doubt present. Maybe they already have?