As Obama prepares tonight's address to the nation (or more likely, his address to all non-football fans), the word is that it will call for spending approximately $300 billion. However, it seems that everyone will have a problem with this plan; they will think it is too much, or not enough.
Those who support trickle-down economics will likely see this plan as being too much spending. They will want reductions in taxes and regulations instead of spending increases. Those who subscribe to Keynesian economics will see this plan as too small. Given the lack of success of a plan over two times the size of this proposal, they will argue that this spending package needs to be larger, not smaller.
Ultimately, it seems unlikely that Congress will go for any Obama spending plan, but it seems equally unlikely that Obama will go for any Republican plan. It seems more likely that any type of agreement is going to be developed in Congress in a bipartisan measure, similar to the other ridiculous compromises recently. Given these circumstances, one has to wonder if this speech is really a "State of the Union" type of address to Congress, or is it just a campaign speech in a government building.