Caroline Baum at Bloomberg looks into her crystal ball to discern what President Obama is likely to say tonight. Here’s what she predicts:
- Lame, ineffectual proposals.
- Blame Bush!
- Trying to dodge the bullet on deficit reduction.
- An infrastructure bank.
- It’s the rich’s fault!
I think that by far the best part of her column is her observation that the emperor really doesn’t have any clothes:
Let’s face it: If the president had a plan to create jobs, he wouldn’t have kept it under wraps until now. Why take flak from Republicans and heat from the public if you have what it takes to turn the economy and labor market around?
Barack Obama doesn’t have a plan to create jobs. Nor is that his job. The government’s role is to provide an environment in which the private sector will create them. That should be his goal.
The sad part is that I don’t believe that either the president or his advisors understand that. Or that they don’t believe that.
Whatever the reality the president is bound to be blamed for action. That’s why lame, ineffectual, even counter-productive measures are the Catch of the Day.