Obama’s Economic Agenda: Boost U.S. Competitiveness

by
January 23, 2011

WASHINGTON –  Under pressure to energize the economy, President Barack Obama said Saturday he will use his State of the Union address to outline an agenda to create jobs now and boost American competitiveness over the long term.

Heading quickly into re-election mode, Obama is expected to use Tuesday’s prime-time speech to promote spending on innovation while also promising to reduce the national debt and cooperate with emboldened Republicans.

“I’m focused on making sure the economy is working for everybody, for the entire American family,” Obama said Saturday in an uncommon preview of his speech, offered up in an online video to his supporters late Saturday afternoon. The president announced that the economy would be the main topic of his speech, a nod to how important that issue is to the country’s standing and his own as well.

At the halfway point of his term, Obama said the economy is on firmer footing than it was two years ago: it is growing again, albeit slowly, while the stock market is rising, and corporate profits are climbing. But with the unemployment rate stubbornly stuck above 9 percent, Obama will signal a shift Tuesday from short-term stabilization policies toward ones focused on job creation and longer-term growth.

Obama offered no details on specific proposals he will call for in his address, though he has offered hints in recent weeks.

To read more, visit: http://www.foxnews.com/us/2011/01/22/obamas-economic-agenda-boost-competitiveness/

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