Obama: The credit crisis is real.
I for one thought this was a very important and informative moment because up until now, I thought everyone was just kidding.
Obama: I don't have a crystal ball.
So where is it? He never did say.
Obama: Having said that...
Having said what?
Obama: I don't plan on letting Al-Qaeda and Bin Laden plan attacks against America with impunity.
I happen to think this is a really good idea.
Obama: We are in the winter of our hardship.
The sheer poetry is staggering. So we received a weather report too though we have yet to get a forecast as to whether this will be the spring of our hardship and the summer of our hardship.
One thing he did say, which he did say forcefully and it needed saying, was to remind the Republicans that it was their ineptitude, incompetence and idiotic policies that created this gross financial mess in the first place and they are hardly the ones to get us out of it, though Pelosi did no one any favors with the way she padded the stimulus bill the first time around with programs that are worthwhile but should have been voted on separately in other bills. How well this stimulus will work no one can say. It has to have some positive effect and still makes more sense than the policies that created this mess.
Further note: I was against the Democratic bailout of the Big Three auto makers from the very beginning but all we heard from Pelosi and people like Chris Dodd and other Dems was that the the money was needed to save jobs and how much worse the unemployment picture would be without it. The Governor of Michigan also screamed for the bailout money saying that it was needed to save jobs in her state. The car makers got their $27 billion. Today GM announced they are cutting 10,000 jobs.