On the 20th of January 2015, President Barack Obama delivered the State of the Union Address.
“Tonight, we turn the page”, Obama said.
Below are some excerpts from the President’s speech. I made my own comments. How about you? What’s your say?
“We have risen from recession freer to write our own future than any other nation on Earth. It’s now up to us to choose who we want to be over the next fifteen years, and for decades to come.”
Among all countries, the US always had the most influence over the world economy and the financial markets. Obviously, the US is freer than everybody else to write its own future. Poor countries (like my country) don’t have the same option. For many of them, the IMF/ World Bank/ Multinational corporations/ etc. write their future.
“Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?”
I choose the 2nd option. Unfortunately, the 1st option reflects reality and it will do so for a long time to come.
“So the verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”
The bailout funds and quantitative easing (QE) are far from being middle class economics. Whatever!
“We lead best when we combine military power with strong diplomacy; when we leverage our power with coalition building; when we don’t let our fears blind us to the opportunities that this new century presents. That’s exactly what we’re doing right now — and around the globe, it is making a difference.”
Difference? Yes. What direction – positive or negative?
“No foreign nation, no hacker, should be able to shut down our networks, steal our trade secrets, or invade the privacy of American families, especially our kids.”
Emphasis on foreign nation.
Watch the full State of the Union Address here.
Find out what people said about the speech on Twitter #SOTU2015
– Finance, M.D. thefinancemd.com