Cable news reacts with hysteria to President Obama's Oval Office Address (video)

A nationwide audience stopped to watch Barack Obama give his 18-minute address to the nation on the oil spill in the Gulf last night.

Because the President could not say that the spill would end soon, it would never be a speech that could make people feel very happy in the end.  However, he tried to convey that things could get better, when he said that "In the coming days and weeks, their (BP's) effort should capture up to 90% of the oil leaking out of the well."

That remains dubious.  Especially since seemingly every day now, the estimates to how much oil is leaking out of the well a mile down in the Gulf continues to escalate, with the latest estimates being somewhere between 35,000 to 60,000 barrels per day.

The President was also somewhat hamstrung in talking about how America can seriously begin getting off petroleum, which he admits will take decades.  This is where the unfair criticism comes into play.  He can't be specific, because in fact a Senate energy bill being crafted right now by Harry Reid is still being drafted, and reportedly will give short shrift to the Climate Change bill proposed by John Kerry and Joe Lieberman.

MSNBC's Keith Olbermann and Chris Matthews attacked Obama after the speech, which delighted conservatives who usually have dibs on that line of rhetoric.  Check it out here:

Then you had Fox News' Bill O'Reilly getting exasperated with their star commentator, Sarah Palin, who said he should "stop the gusher."  Palin said Obama's top concern was "cap and tax", which was absurd, since there doesn't seem to be any momentum to go towards a cap-and-trade bill in the Senate, to marry the Waxman-Markey bill that passed in the House last June.

O'Reilly got so frustrated with Palin's nonstop verbal bombs on the President that he finally exclaimed, "Do YOU know how to stop it?", referring to the oil leak.

Florida Democratic Senator Bill Nelson reacted by saying,

"I think we have to have a trust fund set up by bp money that is run by an independent group, so that the claims will get paid.  what about the fishermen and the hotels and the oystermen?  what about all the tourism activities?  that’s why we need a trust fund, separate, operated by an independent group that can pay those claims."

There are various other columnists out there today, on the right and the left, who are also hammering Obama for either A) talking about changing our energy habits with the bill in the Senate (and thus being "political" when he should be dealing with the major issue, the spill or B) not talking specifically enough what's in that House bill, and/or a Senate bill on energy.

MSNBC's Keith Olbermann was wrong when he said in his commentary that there was already a Senate bill out there on climate change.  There are proposals.  Indiana's Richard Lugar is about to introduce his, and the Kerry-Lieberman bill, as mentioned above, which does contain measures on regulating carbon emissions, is considered to have not enough support, especially because Gulf state Senators do not embrace it.  There will probably be news on this in the coming days, if not weeks.

In the end, this environmental disaster will keep on going.  President Obama is suffering somewhat (though not really in the polls) because of his perceived indifference to the crises, a perception he tried to alleviate over the past two days in the Gulf.    His critics won't buy that, like Florida Republican Party Chair John Thrasher, who called it a "photo op."  But too bad our level of commentary in the national press isn't up to higher standards on some days, as well.

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