Between Hope and Fear

President Obama told the American people last night that the country is in trouble, but he vowed that the United States would recover and emerge stronger than before. In his first address to a joint session of Congress (don't call it a State of the Union), Obama gave a "sobering speech" but also "sought to spark optimism and confidence in his plan for recovery," notes USA Today. The Wall Street Journal declares that Obama "straddled the divide between fear and hope" throughout his speech, and the New York Times describes it as a mixture of acknowledging the seriousness of the economic problems "with a Reaganesque exhortation to American resilience." The Washington Post points out that Obama's optimistic tone had "been absent from his speeches in recent weeks," a fact that many, including former President Bill Clinton, had criticized. In what the Los Angeles Times calls "a significant departure from the George W. Bush years," Obama barely mentioned foreign policy and focused squarely on the economy and other domestic priorities.
In his 52-minute speech, Obama declared that the "day of reckoning has arrived" and called on Americans to "take responsibility for our future once more." He said it was time to bring an end to the era where people inside and outside Washington avoided making tough decisions in order to maximize short-term gains. He never implicated his predecessor by name, but the message was clear enough when he declared that his budget would reflect "the stark reality of what we've inherited." Obama pointedly noted that everyone in Washington, "and that includes me," will have to sacrifice some "worthy priorities" in order to deal with the burgeoning deficit. But he insisted that getting out of the current mess won't be possible unless the country starts to deal with some long-term issues, such as health care and energy policy.
Obama acknowledged the anger that many people feel over the costly bailouts of banks and automakers but warned that the "cost of inaction will be far greater." He also warned that more money would probably be needed but said that the U.S. economy won't recover until the country's financial system has stabilized. "It's not about helping banks," he said, "it's about helping people." Obama once again repeated that he plans to cut the deficit in half by the end of his first term but made it clear that won't stop him from pursuing an ambitious agenda that was at the centerpiece of his campaign, and yesterday he spent lots of time talking about energy, education, and health care. But he mostly stuck to broad strokes and didn't reveal any significant details about his policy initiatives or how he plans to cut the deficit beyond repeating the tired mantra about how his administration is going "line by line" through the federal budget to find wasteful and ineffective programs.