Last night, President Barack Obama gave his first State of the Union Address. In it, he laid out a plan meant to help kickstart the jobs market. With an economic recovery languishing in large part due to the lack of hiring, President Obama emphasized his commitment to providing a stimulus for workers. One of the main aspects of his plan is to offer tax breaks to companies that employ new workers.
In addition to the focus on jobs, the President used his State of the Union to accept responsibility for some of the mistakes he made during his first year in office, and to express hope for the future. He also unveiled plans for education reform and clean energy technology development, and re-emphasized his push for health care reform and financial regulation reform.
All in all, it was a speech chock full of ideas, and a chance for the President to showcase the fact that he has been trying to listen to the people, and take their concerns to heart. Now, it will be interesting to see whether any of the President’s plans become a reality.
Read the text of the State of the Union Address on MarketWatch.
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