Here in Bold are my take-aways, and in italics the words from the speech that best summarized the speech logic points.
Howard Fineman called it 'the most pro-business speech a Democrat has given.'
1. Implied acknowledgement of Keynesian Major Project Theory."The first step in winning the future is encouraging American innovation."
2. Direct acknowledgement of the broken educational mechanisms. "...we also have to win the race to educate our kids."
3. Acknowledgment that one of the most efficacious stimulus actions of money from government would be best spent on Infrastructure. "Our infrastructure used to be the best - but our lead has slipped."
4. Acknowledgement of over-burdened small business part 1: regulatory. "All these investments - in innovation, education, and infrastructure - will make America a better place to do business and create jobs. But to help our companies compete, we also have to knock down barriers that stand in the way of their success."
5. Acknowledgment of over-burdened small and medium businesses part 2: tax code. "So tonight, I'm asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years - without adding to our deficit."
6. Fiscal Prudence. "Now, the final step - a critical step - in winning the future is to make sure we aren't buried under a mountain of debt."
7. Government streamlining and modernization. "We should give them a government that's more competent and efficient." (Streamlining is a proven savings.)
(The rest focused on foreign policy, summarization and concluding remarks.)
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Overall, if even some of this gets implemented in a reasonable (dare we suggest bi-partisan) manner, then we stand to be improved economically.
