President Obama’s weekly address to the nation is very good this week.

A speech like this makes me feel that President Obama does really still care. It makes me wonder if this is the same President who refuses to hold Wall Street accountable for the damage they have done? Is this the same President Obama who will tell CIA lies to get a war started in the Ukraine to satisfy the demands of wealthy capitalists? Is this the same President who listens to the self-interest of Wall Street to learn his economics? Is this the same President who caved to the health insurance industry and to big pharma to give them a health “reform” act that shovels more money their way? Is this the same President who sees that support for public universities has dropped from 3/4 to 1/4 of college costs, but says nothing about it?

All the while that students have accumulated $1.2 trillion of debt to make up for what government has stopped doing, Obama is still concerned about cutting the deficit. The observation of this debt build up seems to be one more piece of evidence that Modern Monetary Theory is right. When the government cuts its spending, it comes out of the hides of the people in the private sector of the economy.

I wonder who else beside Elizabeth Warren understands that putting this kind of debt load on the young (and not so young parents of these students) prevents them from buying homes, setting up households, and the other things that keep the economy humming. Does Hillary Clinton get this? Is she shouting about this from the rooftops? All I hear from Hillary these days is that she wants more sanctions on Russia because they refuse to knuckle under to our aggression against them.