Fred Wilson nails it:
We are crossing a huge chasm from an industrial society to an information society. And there is immense pain in that transformation. Obama can’t solve the problem nor can any of his opponents. Time will solve this problem as new industries get built, people learn new skills and new jobs, and we dismantle entitlement systems that are not sustainable.
That is what is going on. I’d love to hear Obama tell the country that. But I doubt he will. But someone should.