The only good thing about Obama’s speech, is him calling bullshit on Newsweek.
Every single one of the things he takes credit for is Keynesian bullshit. If you print a bunch of money out of thin air, of course you can “create” jobs, and prop up artificially high home and stock prices.
People NEED to lose jobs. Values of things we don’t want NEED to drop. There has been so much mal-investment that resources need to realign in the production of goods and services that people actually want. Obama is making it worse.
Also, the vast quantities of money printed so that Obama can take credit for propping up prices and creating jobs are a huge transfer of wealth AWAY FROM the poor and working classes. When the government prints (ie legally counterfeits money) it is a transfer of wealth from money holders at large to the institutions who have the privileged of dealing directly with government – banks, military industries, our 22 million government employees, etc.