The very odd spectacle of President Obama personally lobbying for Larry Summers - his preferred choice to run the Federal Reserve – came to an end this week when Summers withdrew his name for consideration. The final blow for Summers came when a fourth Democrat on the Senate Finance Committee, in this case Jon Tester of Montana, issued a statement in opposition to Summers.
We've heard many a great speech from President Obama before. Last night's State of the Union was no exception. Here at The Economic Populist we say show me the money. We've heard soaring rhetoric from President Obama too many times, yet behind the words, deeds are either opposite or M.I.A.
Still, Obama gave a lot of lip service to U.S. manufacturing and jobs. To even get U.S. manufacturing on the national policy radar is a feat in and of itself. The actual SOTU transcript is on the White House site with a flurry of videos, social media and round tables to boot. Can't say this administration suffers from a lack of word generation!
That said, we all take President Obama at this point with a strong grain of salt. We've been so disappointed already.
Economic Policy Institute Economist Robert Scott noted China's currency manipulation was sorely absent from SOTU. Yet also noted the administration's hands are often tied by Congress:
Kudos to him for continuing to highlight this important issue, but he failed to mention the main cause of our manufacturing woes in the first place: currency manipulation.
Disclaimer:The Economic Populist is a politically nonpartisan blog. The author's views below are not necessarily those of the editors of EP or of other writers who contribute to this blog.
"This is a political crime of deception, an enormous bait and switch, in which liberals and quite a few independents were misled by a serial liar who purposely characterized himself as a reformer…" Numerian
Did you receive your email from Barack Obama yet? If you are a Democrat, or on his campaign mailing list, the president has promised you are going to be the first to know when he formally launches his reelection campaign. It could be any moment now; apparently the White House is waiting for a slow news day when Libya and Fukushima and Congressional budget negotiations aren’t dominating the media agenda. Once the news is out, you are expected as a loyal Obama supporter to start sending in campaign donations and begin attending campaign organization meetings.
We've heard many a great speech from President Obama before. Last night's State of the Union was no exception. Here at 
Let the word go forth from Washington! The corporate rulers occupying our nation's capital have declared war on just about every citizen.
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