The president said that America is rebounding from the Recession and that the State of Union is stronger. After a decade of war, our brave troops our returning home. The economy is growing with private corporations adding 6 million new jobs. American car Manufacturer Ford is selling more cars than they have in 5 years, housing is improving with home buyers up 50 percent, the stock market is rebounding, and America is dependent on less foreign oil than it has in over 20 years. Though we are heading in the right direction, President Obama said that we must do more. He laid out his focus for the fiscal year.
Reduce the deficit by an addition 1.5 trillion dollars to total 4 trillion. The deficit has been reduced 2.5 trillion dollars by cutting spending and raising taxes on the top 1 percent wealthiest Americans.
We must reduce the Deficit. But Deficit reduction alone is not an economic plan. “A growing economy that creates good middle class jobs, that must be the north star that guides our efforts. Every day we should ask ourselves three questions as a nation. How do we attract more jobs to our shores, how do we equip our people w the skills they need to get those jobs and how do we make sure that hard work leads to a decent living?”
“It is responsibility of the Government to improve this union. Governments must work on the benefit for the many not the few. The responsibility of this union remains the task for us all.”
Invest in the Middle Class . “It is our unfinished task to restore the basic bargain that built this county.” You can get ahead if you work hard. There must be opportunity for everyone child. The President called for congress to work together and stop manufacturing crises. Americans want the nations interest put before the interest of individual parties, and that reasonable compromise is a must . He urged Congress to put together a bipartisan market based solution on climate change. Last year wind energy added nearly half of all new power capacity In America.
Generate more clean energy
Invest in research and technology for natural gas for cleaner power and energy independence
Invest in Medical Research and Development for such things like Alzheimers
Fix it First Program which will partnership with private companies to rebuild America. This will create jobs to repair bridges across the country , upgrade Americas ports, pipelines and schools.
Invest in housing by helping homeowners who want to refinance their homes
Invest in schools that work with colleges and employers to create classes that focus on science, technology, engineering and math
Increase minimum wage to $9.00 an hour
The President stated that his plan for Medicaid and Medicare savings are the same as Reforms by the Bipartisan Simpson Bowls Committee.
Reduce tax payer subsidies to prescription drug companies but don’t touch social security. “Government should not make promises we cannot keep. But we must keep promises that we have already made.”
Tax and Entitlement Reform. Get rid of tax loopholes and deductions for the wealthy. Penalize businesses who take jobs overseas. Reward businesses that keep jobs in America.
“American Jobs Act. Congress passed half of the President’s Proposal in 2011 but urged them to pass it in it’s entirety. Independent Economist have agreed that this proposal will create 1 million new jobs. The American Jobs Act will not increase deficit. It does not require any additional funding.
Make America a magnet for new jobs in manufacturing. America has added 500,000 new jobs in manufacturing jobs in the last 3 years.
Caterpillar the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives is bringing jobs back from Japan
Ford is bringing back jobs from Mexico
Apple will start making Mac Products in America again.
America produces more Natural Gas than ever before.
Dangerous Carbon Pollution has fallen in 4 years.