First press conference in 308 days. Why a conference now and what to expect - Midknight Review gives you some insights.

Midknight Review: Thursday 5/27/10 posted 7:30 am by jds

At 9:45 this morning, Mr. Obama has scheduled his third major press conference since taking office and the first conference since July --- the infamous "the cops acted stupidly" fiasco. Why now? In a word . . . . "BP." Expect Obama to come out swinging. He will shy away from a declaration of victory with regard to the well-head plug. First reports, put out by the Minion Media, gave the impression that the plugging effort had worked. The LA Times was the first to put out this story -- early this morning. Since then, Bloomberg and others have backed off this report. Obama cannot afford to declare "victory" if, in fact, the possibility exists that the plug did not work. People will be fired, tough talk will abound and a lengthy summary of all that has and will be done will be a part of Obama's opening statement. He will cite the hundreds of scientists who are working on this problem -- that will be his link to the disaster; that will be his reason for claiming victory.

Expect him to refuse all off-shore drilling. You must know that Obama was never in favor of off-shoring drilling. This gives him all the excuse he needs to shut down increases in the flow of domestic crude, in his quest of green job technology.

Sestak is a problem. He will not spend much time on this issue except to make it clear that Sestak's claim is not the case.

He will brag about the end of the recession in spite of the stated facts reported over the past several days: 5 million mortgage failures are expected this year; 460,000 new unemployment claims were made this week -- 470,000 last week. Unemployment benefit percentages are at 9.9% . He will appeal to rising manufactured totals, the stock market being in recovery, the consumer index, 3% growth in GDP and his make-believe "2 million jobs created or saved" number. In fact, that number has been out there for several months. Expect him to increase that fantasy number to 2.2 -2.5 million jobs when his own site, Recovery.gov, reports only 681,226 jobs created since February 17 of 2009 and the signing of the so-called Stimulus bill.

Whatever the details, we will see a serious, tough talking, novice administrator with nothing new to say except for the promise of more spending. Talk, talk, talk -- the one thing he does best.
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