Bringing a battle line with Republicans ahead of what is anticipated to be a strong fight for re-election, United States President Barack Obama used his yearly State of the Union policy address to condemn America’s economic discrimination. Before a joint session of Congress, one of the America’s impressive political events, the speech put Obama back in the limelight after months of being outweighed by the fierce race between Republicans opposing to be his rival in the upcoming election on November.
The State of the Union is getting tougher, however, with the weak economy recovery warns his re-election prospects, he swear for a revamp, but one that will be useful for everyone and not only for the rich people, Obama said. In his time, the restoration that will be fair for all is such a defining concern. He added that they can either plan for a region where a decreasing number of individuals do really well as an increasing number of Americans almost get by or they can revive the economy where everyone gets a fair shot and everyone plays with the same set of rules and do their fair share.
The United States President Barack Obama assures more jobs and wants to take away the U.S. from outsourcing. On the other side, the Republicans condemned the speech of President Obama as pro-poverty and his tactics as disruptive. The Indiana Governor Mitch Daniels who introduce the formal Republican response said that no characteristic of the Obama presidency has been troubled than its fixed efforts to divide them to smooth favor with several Americans by punishing others.
The words of both sides reflect the obviously different aspects of the economy and the role of government that will likely represent the election. Obama was blamed for what they see as inconsiderate spending, prevent hiring, restraint development, out of control government regulations and higher taxes that affects businesses. Obama forecast government as a force that can help people get a better living, he has denounced Republicans of protecting the interests of the wealthy at the costs of everyone.
Romney reveals his tax returns that is almost $22 million in year 2010 and paid about 14 percent tax rate. Obama affirmed making millionaires pay more in taxes, he proposed a minimum tax rate of at least 30 percent for those who earn $1 million or more per year. He also added that more relief for homeowners and lessen tax incentives that make it more appealing for firms to transfer jobs abroad. Obama stressed out on extending new ties and authority within Asia, as believing that old alliances in Europe and other places are tougher than before.
Obama also asked for the development of a new trade enforcement unit that will observe the unfair trade practices all over the world. The United States will give financing to settle its forms on even footing as the Chinese and other regions use unfair export financing to utilize their business. The economy is improving however the employment still rise with an 8.5 percent high rate.
REFERENCES:
http://www.ndtv.com/article/world/obama-in-state-of-the-union-address-create-jobs-don-t-outsource-170172
http://news.taaza.com/news/860079-obama-in-state-of-the-union-address-create-jobs-dont-outsource.html
http://www.huffingtonpost.com/2012/01/24/obama-state-of-the-union-speech_n_1229769.html
