Barack Obama gave a campaign speech yesterday on the campus of the University of Wisconsin which was largely absent from last night’s newscast. (link) Now, I will take a closer look at the content of his speech.
Obama made his points cogently, identifying the problem and the obstacles:
Think about it, when I arrived in Washington 20 months ago, my hope and my expectation was that we could pull together, all of us as Americans — Democrats and Republicans and independents — to confront the worst economic crisis since the Great Depression. I hoped and expected that we could get beyond some of the old political divides between Democrats and Republicans, blue states and red states, that had prevented us from making progress for so long because although we are proud to be Democrats, we are prouder to be Americans. Instead, what we found when we arrived in Washington was the rawest kind of politics. What we confronted was an opposition party that was still stuck on the same failed policies of the past…
He criticized the opposition:
Understand, for the last decade, the Republicans in Washington subscribed to a very simple philosophy – you cut taxes mostly for millionaires and billionaires…You cut regulations for special interests, whether it’s the banks or the oil companies or health insurance companies. Let them write their own rules. You cut back on investments in education and clean energy and research and technology.
So basically the idea was if you just put blind faith in the market, if we let corporations play by their own rules, if we leave everybody else to fend for themselves, then America would automatically grow and prosper. But that philosophy failed…
He highlighted Democratic accomplishments
And over the last 20 months — over the last 20 months, we’ve made progress… We’re no longer facing the possibility of a second depression — and I have to say, Wisconsin, that was a very real possibility when I was sworn in. We had about six months where . . .