Obama to Deliver “Major” Speech
The topic: the economy. The location: Toledo, Ohio.
I was first to report on Tuesday of last week that Obama on Oct. 5 held a conference call with his economic team and ordered up new policies.
Obama and his economic team believe the economy will get worse before it gets better (his Nashville debate answer to that question notwithstanding).
Obama ordered new policy ideas to address an expected jump in unemployment, shrunken consumer spending, and a larger number of uninsured.
Today’s speech will outline these new policy prescriptions. They are meant to add specifics to Obama’s economic rhetoric in the home stretch of the campaign. They also are designed to signal to congressional Democrats what Obama intends to do in his first 100 or 200 days to deal with the economy. In other words, today’s speech is as much about winning the economic debate as it is giving the country a peek at Obama’s legislative road map.
Developing….
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