The president kicked off 2011 with talk of compromise and progress, as if standing on the precipice of economic catastrophe had ushered in a great new beginning. Unfortunately for Mr. Obama, the new beginning that a GOP-controlled House will make possible is an end to the self-indulgence that has characterized public policy over the past two years.
A lot of effort goes into writing a State of the Union address. The media and pundits are scouring the speech for hidden meaning, so every word must convey exactly what the president intends. That is not to say that Mr.
2010 was a bad one, folks. At year’s end unemployment is barely changed. Small businesses are still struggling. We are so desperate for good economic news that favorable changes in indicators that would have gone unnoticed before the recession bring frenzied news flashes about a recovery.
This has been a tough year. Unemployment was 9.7% in January. Ten months, billions of dollars, and heaps of undeserved Democratic self-congratulations later, unemployment is 9.6%. Nearly 15 million Americans are greeting the holiday season without a job and with little hope on the horizon for 2011.