I am getting ready to drive home to get comfortable for the Republican Presidential Debate from the Reagan Library in CA.  I will be less inclined to rush home to see the jobs speech from the current president.  In fact, I have gotten to the point where I can't watch him on TV.  I usually get the text of the speech and read it a couple of times to get the flavor of what he is trying to say.  Why we need a joint session of congress to hear the same old retreaded Keynesian ideas is beyond me, but it is not about me or you, it's about HIM.

There will be nothing he can offer that will change anything.  He will likely ask for more spending.  Good luck getting that through the Republican House with a $1.5 trillion deficit already on the horizon.  Any additional spending will go to the new baseline, so we can anticipate a budget for 2013 that will be nearly $4 trillion.  This will bring with it an additional $1.6 trillion in debt.  Irresponsible is the best I can do.

He will likely offer up extension of jobless benefits, thus incenting staying out of the job market, and tax credits, thus incenting buying down more debt.  Notice that neither of these actions will spur spending or production.  In fact, the big G contribution to the GDP will actually have a negative impact on the overall economy of the nation.  Government spending hurts, does not help, our economy.

I am sure most of the members of congress will be respectful.  In fact, most of the Dems will be on their feet and most of the Repubs will be shining the bottom of their suit pants.  This is how it should be.  In fact, I wouldn't be surprised to see some of the members actually get up and walk out.  The Republicans have no intention of responding to what will be a vapid and vacuous speech, because the speech will have virtually no impact on the economy.

Overall, anything he is likely to talk about will probably hurt the economy more than it will help.  And nothing he is likely to say will create the first job, unless it is to support overpriced union labor or to extend the reach and hold of teacher unions--both of which cost taxpayers way more than they ought to.

What he ought to talk about is suspending regulations for the next two years, making permanent the Bush era tax structure, cutting corporate taxes and reducing personal tax burdens for all Americans.  He won't say any of that, but he should.

Watch the Republicans tonight to hear some real solutions for what ails us.  We will get more ideas in the first 15 minutes of the debate than we will ever get from the man currently driving the ship of state right into the ditch.  November of 2012 cannot come soon enough.