In advance of tomorrow’s State of the Union address I have been rereading President Obama’s major economic speeches. I had hoped to show a progression of argument, but that didn’t pan out. Instead two things jumped out at me: the President’s primary economic problem definition has varied widely over time, and his deficit message has changed even more. I will attempt to summarize each in chronological order.
Here is how President Obama has defined America’s primary economic problem and his policy response. In each case the language is my paraphrase of the President’s message.