January 28th, 2008
04:04 PM ET
10 years ago

Cafferty: How can President Bush salvage his legacy?

 President Geroge Bush on Air Force One.

President Geroge Bush on Air Force One.

All eyes will leave the campaign trail briefly tonight and turn to President Bush as he delivers his final State of the Union Address. With just 12 months left in office, this is typically the last time a lame duck president manages to get everybody's attention.

The speech is expected to be about half domestic and half foreign affairs - the big topics to be the economy and the war in Iraq. He'll talk about improved security in Iraq, and other international hotspots like Iran as well as his efforts to jump start the peace process in the Middle East.

When it comes to the economy, there's not much good news to report. A possible recession, the housing collapse and sub prime mortgage mess, a falling dollar, rising unemployment, inflation at a 17 year high, the stock market in pretty much of a nosedive since the first of the year. Not pretty.

The president will call on Congress to finish that economic stimulus package quickly. But that may not happen. Democrats in the Senate are now reportedly trying to add their own list of additional items to the bill passed last week by the house despite warnings from the White House not to.

The White House insists this speech will be forward-looking, and not about his legacy. And perhaps that is a good thing.

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