by chrisblask, Tue Nov 04, 2008 at 06:00:44 PM EST
by Charles Lemos,
Over the Labor Day weekend in Milwaukee and again today outside Cleveland, President Obama delivered a strong defense of his presidency as he outlined a new $50 billion infrastructure investment proposal and a $100 billion proposal that will permanently extend research and development tax credits for businesses as part of his economic recovery program. The President also called for an end to the Bush-era tax cuts for the wealthy, saying the country cannot afford $700 billion in tax breaks that benefit “millionaires and billionaires.”
The speech was vintage Obama. Helene Cooper of the New York Times termed the speech a "sharply populist speech that sought to appeal to the middle class" in which the President also "urged voters not to allow Republicans to 'ride' fears about the economy into the election booths in the midterm elections in November." Over at The Atlantic, Marc Ambinder exalted that the President had written "his thesis statement."
The text of the President's speech is beneath the fold.