Jim LaCampPortfolio Manager, Portfolio Focus, RBC Wealth Management
Co-Host, Opening Bell Radio Show, Biz Radio Network
It was an important, crucial speech given the state of the economy and the worsening oil situation. Because the administration has no coherent energy policy, the speech lacked vision and a clear message.
Art LafferFmr. Reagan Economic Advisor
Chief Investment Officer, Laffer Investments
Blame is not a policy.
Donald L. Luskin Chief Investment Officer, Trend Macrolytics LLC
There are two parts to the leadership test: to act like a leader, and to lead. He did neither.
Steve MooreSr. Economics Writer, The Wall Street Journal Editorial Board
Yes, he failed. It was the equivalent of Carter's malaise speech. At least he didn’t push cap and tax.
University of California, Irvine
He took the blame game to a whole new level. Small guy in a big office.
Money & Politics Columnist
Leaders work to fix the problem at hand, not merely use them as a political pivot for some dreamy green policy agenda. At one point in the speech, Obama said, "First, the cleanup." But with estimates of the oil flowing into the Gulf rising by the day, shouldn't the priority by plugging the hole?
Former Labor Secretary
Professor of Public Policy, UC Berkeley
He didn’t use the opportunity to push for a carbon tax, which is the only real way to reduce our dependency on oil and coal.
Political Strategist and Campaign Innovator
No, he did not fail the “test” of leadership. He asked for a new age of energy use and promised to use the government to clean up the gulf and hold those responsible to the task of paying for it. You can argue with his style, but the content was spot on.