Iowa’s Governor is in Washington, D.C. this morning, where he delivered a speech that’s sharply critical of President Bush’s spending priorities. According to an advance copy of the speech, Governor Tom Vilsack charged that President Bush has created a “slow-motion crisis” in the nation’s economy that, in Vilsack’s opinion, was “preventable, predictable and reversible.” Vilsack says the economy isn’t producing enough jobs, and while “Wall Street may be doing very well…Main Street is suffering, and the consequences are real.” Vilsack says the federal government’s fiscal condition has “collapsed” — with deficit spending and a growing national debt. Vilsack says Bush’s economic agenda is “shortsighted” and “breathtakingly misguided.” Vilsack labels the Bush tax cuts “reckless.” Vilsack spoke at Georgetown University at about 9:30 this morning. He’s scheduled to talk with Iowa reporters early this afternoon about his speech. Vilsack will deliver the democratic response to President Bush’s weekly radio address tomorrow morning.