Obama must be in a time warp — he thinks the content of his speech is new, or can be made new by more soaring cadences. It’s almost as if he is oblivious to the fact that, before calling for nearly half a trillion dollars in government borrowing to jumpstart temporary job creation tonight, he already oversaw a failed $800 million stimulus, “shovel-ready” jobs that were later admitted to be not so shovel-ready, “millions of green jobs” talk leading to sweetheart loansto now-bankrupt crony companies, nearly $5 trillion in new borrowing, and massive new financial and environmental regulations. Been there, done that.

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