He could have spoken anywhere; that’s what the communications age is all about. Perhaps he should have spoken in Pennsylvania; after all, its April 22nd primary represents the next towering challenge to his candidacy.
But, he spoke in New York City, because that’s where beats the economic heart of the country (and not too long ago, the planet). And his speech was about our economic distress, the Wall Street half of the equation, where “pain trickled up.”
An interesting site, new to Left-Handed Complement, “The Reality-Based Community” has been added to our blogroll with alacrity. There, yr (justifiably) humble svt found some incisive analysis, and, usefully, a transcript of this powerful statement.
Obama on the economy
March 27, 2008 | Posted by Mark Kleiman
Public images, once established, are hard to change, and it isn’t going to be easy for Barack Obama to escape the “pretty words, no substance” label that his opponents and some journalists have tried to pin on him. But if anything could do it, today’s Cooper Union speech ought to.
Those familiar mainly with the Obama of the stump speeches, the election-night speeches, and the Ebeneezer Baptist Church address on MLK Day — the Obama of the “Yes We Can” music video — will find the Cooper Union lecture a significant change of pace. No soaring images, not much poetry, few applause lines, lots of analysis and substantive proposals, only one Obama-esque turn of phrase in describing the current crisis in mortgage-backed paper:
“What was bad for Main Street was bad for Wall Street. Pain trickled up.”
The speech itself: workmanlike, serious, substantive.