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Obama Fiscal Policy

TheTruth

TheTruth

Turbo Monkey
Jun 15, 2009
3,893
1
I'm waving. Can you see me now?
Following elections in November, both parties now share the responsibility of governing and the people want them to work together, he said.

Mr Obama said technical advances, the rise of nations like India and China and the export of many jobs overseas meant that for many Americans, "the rules have changed".

He said it was essential to encourage "American innovation" to secure jobs and growth.

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Mardell's America
Mark Mardell, BBC North America editor
The Sputnik moment: Obama is talking about investing in education, research and technology to an audience where more than half of them want to hear cut, cut, cut

The US is facing a "Sputnik moment", he said, referring to the rise in research and education spending which came after the Soviets beat the US into space with the Sputnik satellite in 1957.

"Two years ago, I said that we needed to reach a level of research and development we haven't seen since the height of the Space Race," he said.

"In a few weeks, I will be sending a budget to Congress that helps us meet that goal. We'll invest in biomedical research, information technology, and especially clean energy technology - an investment that will strengthen our security, protect our planet, and create countless new jobs for our people."

Republican lawmakers are expected to criticise the president on his plans for new public spending and investments in education, research and infrastructure.

"A few years ago, reducing spending was important," Wisconsin Republican Representative Paul Ryan is due to say in the Republican response to Mr Obama. "Today, it's imperative. Here's why - we face a crushing burden of debt."

Mr Obama is also expected to back a plan put forward by Defence Secretary Robert Gates to trim $78bn (£59bn) from the military budget, the Associated Press reported, quoting an anonymous administration official

Mr Obama's job approval numbers have been on the rise in recent weeks, seen in part as the result of his success in pushing a series of new laws through the so-called lame duck Congress at the end of last year.

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Start Quote

We'll take a look at his recommendations. We always do. But this is not a time to be looking at pumping up government spending in very many areas”

Mitch McConnell
Senate Minority Leader
The State of the Union speech is nationally televised and is historically one of the most watched political events in the US.

The speech comes less than two weeks after a mass shooting in Tucson in the US state of Arizona that injured Ms Giffords and 12 other people and left six people dead.

A seat in Congress was to remain empty in honour of Ms Giffords and family members of some of the victims were to sit with First Lady Michelle Obama.
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This is only the middle of the article, but it is basically saying that we are going invest in things that will ultimately make america less dumb. I think this is smart.
 
Jim Mac

Jim Mac

MAKE ENDURO GREAT AGAIN
May 21, 2004
6,352
282
the middle east of NY
TheTruth said:
They are running out of wood for their chopsticks and sandals.
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Actually, they buy a lot of our scrap paper/cardboard from us, recycle it, repackage it with their products that they then sell back to us. Genius.

During the recession, a glut of it hung out at the Port of Albany for a long, long time.
 
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