US State Of The Union: Obama optimistic on the economy

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - During today's State of the Union Address in the United Stated, President Barack Obama stressed to focus on the future, initially making mention to the necessity of fixing a broken immigration system, protecting kids from gun violence, equal pay for equal work, paid leave, and raising the minimum wage.

    On Obama's prepared statement, he laid out four big questions that as a country they have to answer. First, how do we give everyone a fair shot at opportunity and security in this new economy? Second, how do we make technology work for us, and not against us – especially when it comes to solving urgent challenges like climate change? Third, how do we keep America safe and lead the world without becoming its policeman? And finally, how can we make our politics reflect what’s best in us, and not what’s worst?

    With regards to the economy, Obama said: "The United States of America, right now, has the strongest, most durable economy in the world. We’re in the middle of the longest streak of private-sector job creation in history. More than 14 million new jobs; the strongest two years of job growth since the ‘90s; an unemployment rate cut in half. Our auto industry just had its best year ever. Manufacturing has created nearly 900,000 new jobs in the past six years. And we’ve done all this while cutting our deficits by almost three-quarters."
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