In the "weeks and months that followed, we undertook a series of difficult steps to prevent that outcome; and we were forced to take those steps largely without the help of an opposition party, which unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve."
Seriously, the Democrats control Congress. They are the party that gets to decide who sits in the room when policy is made and tradeoffs are considered. Anytime they decided to open the door and really trade ideas with the opposition party, it could happen -- but the gap between their political ideologies might be too wide.
Near the end of his speech, Obama again tried to prove his fiscal bona fides, stating: "One of the central goals of this administration is restoring fiscal responsibility, even as we have had to spend our way out of this recession. ... I am still committed to halving the deficit we inherited by the end of my first term."
What he did not mention is that his current 2009-2010 budget, approved by the House of Representatives, begins with a 2008 debt of $5.8 trillion and plans for an $11 trillion dollar debt in 2012. While he might be cutting the deficit in half (after almost tripling it), he is almost doubling the debt of our nation.
This speech was given to a nation exhausted and unimpressed. The presidential approval rating released by Rasmussen Reports Tuesday noted "that 27 percent of the nation's voters strongly approve of the way that Barack Obama is performing his role as president. Thirty-eight percent strongly disapprove."
More people strongly disapprove than strongly approve.
This is not good for a president.
The good news for Obama is that in the same poll, "47 percent of voters say they at least somewhat approve of the president's performance."
Unfortunately for him, 52 percent disapprove.
In the end, Obama's speech provided nothing new, exciting or innovative. He once again championed more government programs and more government spending, all the while conveying the belief that if only we have more government, we could make it all better.
Most of the Americans I know, especially small-business owners, do not believe that more government is the answer; --they believe that more government is the problem.
While Obama might have read Carville's sign that "It's the economy, stupid," it appears that he does not yet understand that more of the same will not lead to change.