Tuesday, February 24, 2009

America's Day of Reckoning Has Arrived

“The State of Our Economy is a Concern that Rises Above All Others”

U.S. Presidents usually give a major speech before a joint session of Congress when they have served for a year. President Barack Obama could not wait that long. He spoke on Tuesday night because America needed a stopper. He accomplished that, and provided an outline for the future.

President Obama delivered a serious, ambitious speech. It was realistic, pointing out past mistakes and emphasizing responsibility and accountability. It was holistic, calling for new energy, health care and education initiatives to address our cultural and economic deficiencies and foster sustainable prosperity.

The President did what a new leader needs to do in a complex, deteriorating situation – he bought some time. He gave us the big picture; now we need the details. It is crucial that a solid plan for the banking system be forthcoming.

Republican Response Recycles Vaporware

Louisiana Gov. Bobby Jindal gave the opposition party's response. It was, in a word, weak. Gov. Jindal offered little guidance and less vision, essentially saying to Americans: Folks, we'll lower your taxes and you're on your own. Evidently, the Republican plan is no plan.

Read the full text of President Obama's speech at the Washington Post.