I wonder if anyone else has noticed the change?
Last night President Obama gave his first State of Union speech.
I decided not watch this speech. Why? Better things to watch, like a DVD, or better yet, a hockey game.
Anyway, I thought he would give the usual hope and change speech that he presented on the campaign trail last fall. Well, I was amused this morning when read from the DrudgeReport a Yahoo story about the Wall Street reaction to his speech. Here is an excerpt:
NEW YORK (Reuters) – Stocks fell on Wednesday as investors found little new in a major speech by President Barack Obama on how he planned to stabilize the economy, while gloomy home sales data weighed on the market.
Long-standing worries about recession and the fate of the banking sector persisted despite Obama’s speech to Congress on Tuesday night, sending shares of financial services companies, big manufacturers and energy companies lower.
“The market was up 4 percent yesterday and I think that was probably a little excessive given the economic backdrop,” said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.
“There was a little bit of an overshoot to the upside yesterday and we’re just giving some of that back early as President Obama didn’t have anything substantive to say last night.”
Go figure that someone would think that the President would not have anything substantive to say. Good thing I did not watch it. 🙂
However, we do have our usual MSM fawning at the AP as posted by Michelle Malkin here.
At Real Clear Politics, there seems to be discussion of the MSNBC host saying “oh God” before Governor Jindal response. What can you say about those guys at MSNBC? Exit question: Will the MSNBC host own or admit making this comment? Probably not.
But, Michelle offered some good points on regarding the conclusion of Governor Jindal’s speech. Read post here.
Another response to SOTU was the Republican Congressional Response as posted by Ed Morrissey.
With all these discussions and posts, I made the right call last night. There was nothing on TV last night.
On Rush’s show Monday, he shared his proposed bi-partisan stimulus plan. It sounds much better than what is being discussed by the President or the Democratic Congressional leaders. Check it out here.
Update 29 January 2009:
If you missed it on the Rush Limbaugh Show, you can read his opinion piece on this plan at the WSJ. Read it here. Do you think this would be considered since the House passed their bill on party line with the exception of 11 democrats?
I noticed yesterday at the American Thinker, Top 10 Reasons Obama Shouldn’t Be President, detailing a piece at National Review Online, 10 Concerns About Obama, written by William J. Bennett and Seth Leibsohn. Check it out.
Now, without looking at the article, I already have problems with Mr Obama. For instance, what does he mean by change? How does he define it? From what I have learned, Mr Obama wants to apply policies to our economy that were tired in 1930s and foreign policies that were used in 1970s. This change sounds a lot like a re-run. Pardon the TV jargon. But, this brings me back to my original question, what does he mean by change? Read more…
Got to love Mary Katharine Ham. She has been a very busy gal. Returning from Isreal, and give us this treat of more political happenings. She posts in Don’t Go Linking My Heart more about the fall out from Obama’s Tuesday speech, Passport fiasco, and a Clinton event. Hmmm. This might explain the choice of video. Another classic video, Don’t Go Breaking My Heart by Sir Elton John and Kiki Dee.
Check her post out.
Update: 23 April 2008: New YouTube version of the song. Check it out here.