Captain Obama

The long awaited speech on a new jobs program was held last night.  It turned out to be the same old stimulus investing (newspeak for Spending) that has been tried and failed.  Last night, Obama attempted to assign his failures to the republicans.  If they go along, (and they won't), failure can be shared by Obama and the congress.  If the republicans block him, Obama will have his scape goat to run his reelection campaign against.  Despite what he said last night, that speech was nothing more that political gamesmanship.

Wall Street was not fooled as the NYSE opened down 200 points after what was supposed to be a night that built confidence in business and investors.

Politics aside, the content of the plan can best be summarized as "Captain Obama circles back to the iceberg".