WE'RE SO HONORED – AT 10:50 A.M. ET:  We are about to be addressed by dear leader.  Please dress appropriately for the occasion.  From Fox:

President Obama will address the nation Tuesday night to talk about the Gulf of Mexico oil spill. The 8 p.m. ET speech will take place from the White House shortly after the president returns from a trip to the Gulf.

The speech will be delivered shortly after the president's return from a two-day trip to the Gulf region. He is expected to address efforts to contain the spill, the timeline for capturing the oil, the long-term recovery and restoration of the Gulf region and regulatory reform efforts at the Mineral Management Service.

"This is an ongoing crisis, much like an epidemic," David Axelrod told NBC television's "Meet the Press."

The 10-15 minute speech will also provide more details about a BP escrow fund the president wants established for fishers and trawlers whose livelihoods have been shot as a result of the spill. The administration wants a third-party reclamation process rather than BP managing distribution of funds.

COMMENT:  How many days has it been since this crisis began?  I don't think Obama will have much to tell us.  Beware of attempts to use this crisis as "an opportunity," and sneak in legislation that can easily cost much more than it produces.

June 13, 2010