Tonight at 8 pm, President Obama will give one of his patented Big Speeches about the oil debacle in the Gulf—only this one will be his first-ever address from the Oval Office. The backdrop's no accident. Presidents typically only resort to Oval Office speeches when, as John Dickerson notes, they're "responding to an immediate crisis [or] trying to change the dynamic of an ongoing one." And this address falls into the latter category. The public thinks Obama's been way too cuddly with BP, while badly-needed energy legislation is sputtering in the Senate. Something has to change, and fast.
Going into the Senate debate over financial reform, a cynic would have offered the White House the following advice: Fight aggressively on the proposed consumer agency and settle for the appearance of reform on the rest of the bill. After all, most of us can understand the difference between a powerful new consumer watchdog and a token reshuffling of the bureaucracy.
If I had to guess as I write this, I'd say no. But the trendlines for the Fed chairman aren't moving in the right direction. Today's Wall Street Journal had a piece noting that the Fed chairman was headed toward a closer than expected vote in the Senate next week, with Dems Byron Dorgan and Jeff Merkley joining Bernie Sanders, the Senate's chief Bernanke-hater on the left, as opponents of a second term.
Of all the major items on Barack Obama's ambitious agenda, health reform has the best chance of passage during the current congress. While many battle-scarred veterans are skeptical, more stars are in alignment than in the past. Previously secure workers have lost, or are afraid of losing, their employer-provided health insurance. Employers are losing confidence that they can continue to provide insurance on terms their workers and businesses can afford.