Finally: Obama Plans 'Major Speech' on Economy

This will be unlike the 87 other major speeches he's given on his miserable economy. We just can't wait.

Seeking a jolt for a wilting economy, President Barack Obama will give a major speech in early September to unveil new ideas for speeding up job growth and helping the struggling poor and middle class, a senior administration official told The Associated Press.

The president's plan is likely to contain tax cuts, jobs-boosting infrastructure ideas and steps that would specifically help the long-term unemployed.

Saying "I resign" would be a major boost to the long-term unemployed, that's for sure.

The official emphasized that all of Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, including his "infrastructure bank" idea to finance construction jobs.

Wasn't that one of the points to his trillion-dollar union payoff stimulus?

On a significant and related front, Obama will also present a specific plan to cut the suffocating long-term national debt and to pay for the cost of his new short-term economic ideas.To date he's had zero plans and all he does is demagogue anything the GOP tries to do. Paul Ryan, to cite one example, offered a detailed proposal to reduce the deficit earlier this year and it's doubtful Obama's even read it. After all, he's been busy golfing and fundraising.

The official spoke on condition of anonymity because Obama has not yet disclosed his plans.

No final decisions on the economic package have been made.

No decisions have been made because he has no plan. His people will likely spend his vacation time testing focus groups for buzzwords they think will help bamboozle the public.

He's been president nearly three years, has offered no substantive plan other than taxing and spending, and generally has no clue what to do. But he promises a major speech.

Yippee!