Chris Good has a story coming, but while you wait here is the full text of Obama's speech. After being introduced by New York City Mayor Michael Bloomberg, Obama laid out "six core principles for reform" and proposed a second stimulus package.

Obama called President George Bush's plan "completely divorced from reality." The Illinois Senator also hit John McCainJohn Sidney McCainSenate's defense authorization would set cyber doctrine Senate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Overnight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions MORE saying McCain's plan "amounts to little more than watching this crisis happen."


McCain spokesman Tucker Bounds had a ready response to Obama's speech. "No amount of rhetoric can hide Senator Obama's clear record of embracing the liberal tax and spend, big government policies that hit hardworking American families at a time when they're most vulnerable, and are certain to move America backward," Bounds said.


Obama does not mention Hillary ClintonHillary Diane Rodham ClintonBiden slams Trump over golf gif hitting Clinton Overnight Cybersecurity: Equifax hit by earlier hack | What to know about Kaspersky controversy | Officials review EU-US privacy pact Overnight Tech: Equifax hit by earlier undisclosed hack | Facebook takes heat over Russian ads | Alt-right Twitter rival may lose domain MORE in the speech. Read the entire speech after the jump. Video here.


I want to thank Mayor Bloomberg for his extraordinary leadership. At a time when Washington is divided in old ideological battles, he shows us what can be achieved when we bring people together to seek pragmatic solutions. Not only has he been a remarkable leader for New York