Sounds like a certain Presiential candidate, doesn't it?
I think the President can sell this if he wishes to. It is a BOLD plan, one that would bring infinite good to the people. It needs to be spoken of in an equally bold and visionary way. It needs to be presented in the same tone of liberation G.W. speaks in when refering to the Middle East.
If they get caught up in the economics of the plan the people will turn their ear away. If explained that this will concentrate power back to US, as well as the practical gains of keeping more of our own money, it's a huge win.
VERY well put!