President Obama: Shadow of Crisis has Passed

President Barack Obama, facing a new Republican majority in Congress, asked for a broad package of tax and other reforms in his annual address to lawmakers.

Obama trumpeted the success of “middle-class economics,” in his Tuesday night speech, but he also pushed for more reform. “That’s what middle-class economics is—the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules,” he said, according to a copy of the written remarks.

Obama used the address to look to the future, and to the next 15 years for the country. “We are 15 years into this new century. Fifteen years that dawned with terror touching our shores; that unfolded with a new generation fighting two long and costly wars; that saw a vicious recession spread across our nation and the world. It has been, and still is, a hard time for many,” the president said. “But tonight, we turn the page.”

CNBC

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