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Opinion: Obama news conference: What to expect tonight

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We’ll be live blogging President Obama’s third prime-time news conference, due to begin at 5 p.m. Pacific time. (For those reading from overseas, that’s about midnight GMT.) He will make a short statement, followed by questions from pesky reporters.

Excerpts released early show that he’ll acknowledge the swine flu situation, which he will call ‘the H1N1 flu virus.’

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He will also address the economy, naturally, and tout his successes so far: his Recovery Act, which he says has saved or created ‘over 150,000 jobs’ as well as provided tax breaks to 95% of ‘all working families’; passage of a law that extends healthcare coverage to 11 million children of working parents; and a housing plan that has lead to a spike in mortgage refinances.

Echoing comments he made earlier today at a town hall meeting, above, at a high school in Arnold, Mo., he will blame the country’s woes on an ‘economy that was built on a pile of sand -- on inflated home prices and maxed-out credit cards, on overleveraged banks and outdated regulations.’

He will call for -- and this was capitalized in the excerpts sent out by the White House -- a ‘New Foundation ... that will strengthen our economy and help us compete in the 21st century.’

He will close his prepared remarks with a stirring promise that might not go down so well with the anti-immigration crowd: ‘We will endure as a beacon for all those weary travelers beyond our shores who still dream that this is a place where all is possible.’

And then he will ask for questions, which is when the fun will start.

-- Robin Abcarian

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