The president didn't challenge the Chamber, or the American business community, enough in his speech. But it was good to see him make a strong case for the role of regulation, and for the importance of the social contract.
Ordinary Americans continue to suffer from foreclosures, unemployment, and cuts in public services, as the largest banks take in the nation's wealth and prepare to use it to award massive bonuses to the bankers that crashed our financial system.
To once again bail out the bankers, this time by changing real estate law in a way that hasn't been done since the 1670s, would be a far bigger deal than even the trillions in bailout dollars the TARP and Fed gave these banks in 2008/9.
Progressives cannot afford to take the attitude that with Bill Daley as White House Chief of Staff, all is lost and we should just give up on trying to influence policy and politics in regards to economics and other issue areas.
Like vampires, America's banks are creatures who were brought back from the dead through the public's generosity. Now they're feasting on the rest of us again, while politicians work to rob us of the few tools we can use to defend ourselves.