As the country feels the weight of the current economic crisis, President Obama worked tonight to inspire hope and instill confidence that we can turn the economy around. In case you missed it, here is the full text of Obama’s speech.
- Little on Obama housing plan or mortgage relief plan specifics (I suppose we heard enough about these in the past week), but instead an emphasis on helping “responsible families” make their mortgage payments
- No rewards for flippers, liar loans or that neighbor that you can’t stand who stretched too far — clearly an effort to avoid the Rick Santelli syndrome.
- No mention of restoring the American Dream, despite that being a consistent theme of the campaign. I wonder if he thinks it’s no longer the dream?
- We won’t see recovery until we clean up the credit crisis and a heavy emphasis on getting banks lending again.
We know that there is a lot of frustration, finger pointing and blame about the state of the housing market, and apprehension about the government’s role and and ability to turn it around. Today was another step in a long campaign to convince Americans that it can be done, and that it’s our collective responsibility to ensure that it happens.
What did you think about Obama’s Address to Congress tonight? Let us know.