Obama SOTU speech

January 28, 2010

It was a limited agenda outlined by a constrained president, constrained by the loss of a Senate supermajority, constrained by the Scott Brown win, constrained by his own falling popularity and constrained by investors whom he fears are reaching their debtload tolerance.

Not a reboot but a retreat. The reboot will come NEXT January. I didnt even think his heart was really in the Wall Street bashing. There was also an interesting moment in the Frank Luntz focus group after the speech. Those folks hated when Obama talked about the economy having turned the corner. They think the recession continues.

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