Energy Prospectus

"Prime Time Obama" loves the camera.

President Obama on Wednesday requested time to deliver an economic address to a joint session of Congress on the evening of Sept. 7 -- a prime-time platform to unveil his long-awaited jobs proposal.

The speech is set to be delivered at 8 p.m. ET.

"Our nation faces unprecedented economic challenges, and millions of hardworking Americans continue to look for jobs," Obama said in a letter sent to congressional leadership.

Why now? After years of modest growth, the economy is hovering just above stall speed, and the risk of the country falling into recession is on the rise. The unemployment rate remain sky-high, and systemic problems continue to hamstring the housing market.

But, of course, there is a political angle as well. [He will lay out a spending plan which the House will reject. Then he can blame them for the economy for the next year. This noise is going to get very old by next November.]

The jobs crisis all but ensures that the state of the fragile economy will remain the dominant issue of the 2012 presidential campaign.

Obama is expected to unveil a stimulus package designed to boost job creation that might include new infrastructure programs or an extension of unemployment benefits. [i.e. - "throw more money at it"]

The push to take action to help the economy comes as Congress begins a months-long effort to cut deficits.

A new congressional "super committee" has until on Nov. 23 to propose ways to cut at least $1.2 trillion in debt over 10 years. Congress must take an up-or-down vote on the committee's plan by Dec. 23.

He could stimulate the economy with two words - I RESIGN!

I think it is ironic that he always refers to the millions out of work as "hardworking Americans". Aren't a high percentage of them (at least half) people who have choosen to live off the nanny state?

Obama can create millions of jobs and turn his approval rating around by:
> Approve the Keystone XL Pipeline
> Back off the regulations so we can open the Gulf of Mexico up to more drilling
> Back off the BS over fracing

These projects are very capital intensive. The capital will come from the private sector. In addition to creating millions of jobs it will increase revenues for both federal and state governments. Just think of all the U.S. steel these projects will require! Think of the increase payroll taxes, sales taxes, property taxes and federal income taxes.

Oh, BTW they will also lower or dependence on foreign oil and improve our balance of trade.

These are just three obvious areas in the energy sector. I bet other industries can come up with their own list.

Mr. President: "If you really want to get America back on its feet, get the hell out of the way." America is the greatest country this world has ever seen. I believe in the American people and in the capitalist system. If our government is the problem, we need to fire them all at the next election.