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Old 07-24-2013, 09:23 AM
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Obama Trying To Focus Attention On The Economy With Speeches

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Seeking to focus public attention on the problem he was sent to the White House to solve, President Barack Obama is making a renewed push for policies to expand the middle class, helping people he says are still treading water years after the financial meltdown.

Obama will use a series of back-to-back speeches over two days to take another stab at selling the public on his vision of a thriving economy.

The first of those speeches comes Wednesday when Obama visits the Midwest to speak at Knox College in Galesburg, Ill., where he gave his first major speech as a freshman U.S. senator in 2005 during booming economic times. He is not expected to announce any new initiatives. The president also speaks later in the day at the University of Central Missouri in Warrensburg. The third speech is set for Thursday at the Jacksonville Port Authority in Florida.

The White House is billing Obama's latest speech at Knox College as a major one, comparable in tone to the commencement address he delivered there eight years ago, also about the economy. Back then he talked about how the country can give every American a "fighting chance" in a 21st century transformed by technology and globalization.

The trio of speeches comes as Congress prepares to leave Washington next week for its monthlong August recess. These and other speeches planned for the coming weeks and months are designed to increase public pressure on lawmakers in hopes of avoiding showdowns over taxes and spending in the fall. The White House believes such stalemates will stunt the economy, which has added more than 200,000 jobs a month in the past six months. The new federal budget year begins Oct. 1 and the government will soon hit its borrowing limit.

Republican congressional leaders dismissed Obama's effort as the latest act in what one called the "endless political road-shows."
http://www.huffingtonpost.com/2013/0...n_3643448.html

Do you think that politicians are going to give endless political road-shows now that the system is collapsing?
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Old 07-24-2013, 02:24 PM
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The President is truly a gifted politician.He is really good. One Politician I know never loses an election. His technique seems to be the same as that of the US President. "Tell what the people want to hear and you will be just fine".
 
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Old 07-24-2013, 03:27 PM
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Obama’s Speech Is a Confession of Impotence

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“What we need,” President Barack Obama told a group in Galesburg, Illinois, today, “isn’t a three-month plan, or even a three-year plan, but a long-term American strategy, based on steady, persistent effort, to reverse the forces that have conspired against the middle class for decades.”


Inequality, layoffs, economic insecurity -- it’s a conspiracy! Sounds sinister . . . and yet, in a way, oddly comforting. A conspiracy is something you can do something about: find the villains and slay them. On the other hand, titanic and impersonal forces like globalization and technological progress are harder to vanquish.

Unfortunately, there’s no easy villain to be conquered, no easy fix to bring the middle class back to the glory days of the 1950s and 1960s. Inequality and economic insecurity are rising everywhere in the developed world, not just in America. This is not a matter of policy tweaks or bad, greedy people. It’s a matter of seismic shifts in the global economy.

Nonetheless, in his speech, Obama claimed that he could do something about the ills facing us -- that he had a plan to bring back the bourgeois boom. But the strategies themselves were less than promising.

“The first cornerstone of a strong and growing middle class has to be an economy that generates more good jobs in durable, growing industries," the president told his audience. "Over the past four years, for the first time since the 1990s, the number of American manufacturing jobs hasn’t gone down; they’ve gone up. But we can do more.”

“So I’ll push new initiatives to help more manufacturers bring more jobs back to America. We’ll continue to focus on strategies to create good jobs in wind, solar, and natural gas that are lowering energy costs and dangerous carbon pollution. And I’ll push to open more manufacturing innovation institutes that turn regions left behind by global competition into global centers of cutting-edge jobs.”

Obama has been promising green jobs for years, and failing to deliver them for just as long. There’s little evidence that more environmentally friendly energy sources will be net job creators. The middle class may enjoy bluer skies if we convert more of our power generation capacity to wind and solar. But we’ve no reason to think that they’ll enjoy more green in their wallets.

The manufacturing innovation institute, meanwhile, is just another iteration of an idea that’s been around for longer than Barack Obama has. Go to any Rust Belt city and you’ll find research campuses, innovation institutes and similar institutions named after hopeful politicians who promised that a new manufacturing base would coalesce around this exciting agglomeration of creative minds. Unfortunately, in most instances it has turned out that manufacturing bases would rather coalesce around cheap land, low taxes and acres of uncongested freeway.

Besides, the problem in America is not that we suddenly lost our manufacturing mojo. In fact, we’re still very good at it; according to the Boston Consulting Group, the inflation-adjusted value of our manufacturing output has more than doubled since 1972. But our manufacturing employment is down by one-third, because production is highly automated in most industries. Even small metalworking operations now use computer-aided design and robots as much as they do grizzled machinists.

The same problem besets other areas the president leaned hard on ... evergreen promises like better education and infrastructure. These are splendid ideas -- America’s port and rail infrastructure badly needs updating, and a better-educated workforce is a worthy goal. But these things will not magically produce loads more manufacturing jobs, much less boost the income share of the middle class to 1970s levels. They will make the economy somewhat more efficient, we hope. But that efficiency, if it comes at all, will be decades away. And especially in the case of education, it may not come.
http://www.bloomberg.com/news/2013-0...impotence.html
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