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 McCainGOP strategist donates to Alabama Democrat Meghan McCain knocks Bannon: 'Who the hell are you' to criticize Romney? Dems demand Tillerson end State hiring freeze, consult with Congress 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 ClintonGrassley blasts Democrats over unwillingness to probe Clinton GOP lawmakers cite new allegations of political bias in FBI Top intel Dem: Trump Jr. refused to answer questions about Trump Tower discussions with father 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