It's a foundation built upon five pillars that will grow our economy and make this new century another American century: new rules for Wall Street that will reward drive and innovation; new investments in education that will make our workforce more skilled and competitive; new investments in renewable energy and technology that will create new jobs and industries; new investments in health care that will cut costs for families and businesses; and new savings in our federal budget that will bring down the debt for future generations. That is the new foundation we must build. That must be our future – and my Administration's policies are designed to achieve that future.That's Obama laying out his broader economic vision -- in April 2009. Three of the five pillars match the five cornerstones he laid down in yesterday/s speech on long term economic growth -- or rather two and a half, as his "jobs" cornerstone yesterday centered in large part on renewable energy.
As many pointed out, there were no new proposals in Obama's speech yesterday, and not much detail -- it was a framework, with details to be supplied in an upcoming series of speeches. And that's okay. As the political storms of autumn approach, dullness is good. Repetition is good. Reminder of what Obama is about -- how he thinks, how he carries himself, what he wants -- is useful, even if it doesn't excite anyone now. It's an impression scheduled for timed release.