President Obama Declares Economy Healed

U.S. President Barack Obama declared the U.S. economy healed and said the nation now must begin work to close the gap between the well-off and the wanting.  “Tonight we turn the page,” Obama said in the text of his sixth annual State of the Union address.

Obama didn’t give a listing of detailed policy proposals in his first speech to a Congress with both chambers controlled by Republicans. Instead, he outlined the rationale for an agenda that reflects a shift in the final two years of his presidency from spurring a tepid recovery to promoting a vision for reshaping the U.S. economy as it gains strength.

“It’s now up to us to choose who we want to be over the next fifteen years, and for decades to come,” he said. “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?”

Bloomberg

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