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Wednesday, January 27, 2010

SOTU reaction:

I watched the speech and tried to imagine how it would be received by (a) someone out of work, and (b) someone who owned a home.

For the out of work person, there wasn't much to get excited about.

For the homeowner, there was the sense that Obama (and the Fed) helped to keep house prices from cratering. They are down, but not nearly as much as the stress test - and especially the "adverse condition" scenario - trajectories. See this chart at Calculated Risk.

Overall, it sounded like a technocratic speech. Wasn't a "game changer", to use the contemporary lexicon.

posted by Quiddity at 1/27/2010 10:59:00 PM

4 comments

I don't care about speeches anymore. Obama and the Senate just need to do the job people sick of neocon shenanigans voted them in to do. PERIOD.

By Anonymous, at 1/28/2010 6:24 AM

Well, see, there's your mistake. If you haven't lost your job or your home, it's a little hard for you to IMAGINE what that feels like. How the hell would you know? When it happens to you, maybe you'll see things differently.

By Death Panel Truck, at 1/28/2010 12:38 PM

did you see his appearance before the gop conference?

By omen, at 1/31/2010 11:17 AM

If you haven't lost your job or your home.

deathtruck, what has obama done for people going through or at risk of foreclosure? his program he set up only helped a tiny percent. 7, iirc. that isn't exactly something to brag about.

By omen, at 1/31/2010 11:21 AM