Tuesday, January 24, 2012

Transcript: Obama State of the Union Speech (1-24-12)

Full prepared Text. Excerpt Below:

In 2008, the house of cards collapsed.  We learned that mortgages had been sold to people who couldn’t afford or understand them.  Banks had made huge bets and bonuses with other people’s money.  Regulators had looked the other way, or didn’t have the authority to stop the bad behavior.

It was wrong.  It was irresponsible.  And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag.  In the six months before I took office, we lost nearly four million jobs.  And we lost another four million before our policies were in full effect.

Those are the facts.  But so are these.  In the last 22 months, businesses have created more than three million jobs.  Last year, they created the most jobs since 2005.  American manufacturers are hiring again, creating jobs for the first time since the late 1990s.  Together, we’ve agreed to cut the deficit by more than $2 trillion.  And we’ve put in place new rules to hold Wall Street accountable, so a crisis like that never happens again.

The state of our Union is getting stronger.  And we’ve come too far to turn back now.  As long as I’m President, I will work with anyone in this chamber to build on this momentum.  But I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place.

No, we will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits.  Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that’s built to last – an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.

[...]Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.  From now on, every multinational company should have to pay a basic minimum tax.  And every penny should go towards lowering taxes for companies that choose to stay here and hire here. 

Third, if you’re an American manufacturer, you should get a bigger tax cut.  If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here.  And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers.

My message is simple.  It’s time to stop rewarding businesses that ship jobs overseas, and start rewarding companies that create jobs right here in America.  Send me these tax reforms, and I’ll sign them right away.  

[...]Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China.  There will be more inspections to prevent counterfeit or unsafe goods from crossing our borders.  And this Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing finance or new markets like Russia.  Our workers are the most productive on Earth, and if the playing field is level, I promise you – America will always win.

1 comment:

Anonymous said...

Want to thank all of you, for your Powerfull stand against Oboma & His Corrupted political partners.

But there is so much more we can do. Being aggressive and focusing on the facts and truth is only the first step.

We musT follow Up with more details standing by our convictions and dont back down.

Oboma has NOT brought CHANGE, In fact ~! ~ THE ONLY real THING needing CHANGE !....Was Barack Hussein Obama II.

HIMSELF

Barack Hussein Obama II ( Who hates American Values ) who is A " SELF PROCLAIMED Enemy" ~of responsible, Morally Conscious HARD WORKING Americans.

oBOMAS Irresponsible & DRUG MAFIA and reckless supporters KNOW~ that Barack Hussein Obama II, WILL FORCE YOU to paY THEM, out of your PockeT .{ FOR all of their UNCHECKED Vices and THRILLS/

{ All on YOU | /

At your COST & Sacrifice

...This UN~CHANGABLE fraud, has done His VERY BEST to Inspire VIOLENCE. For THESE ARE OBAMAS Very OWN WORDS.. saying .........To his supporters.

Saying “Get ready for hand-to-hand combat with your Fellow Americans”

– Obama has ALSO DECLARED to his Supporters....“I want all Americans to get in each others faces!– Obama demands !

“You bring a knife to a fight pal, we’ll bring a gun” –

THESE ARE OBAMAS OWN WORDS.. /and ANGER VIOLENCE and more taxes..... THIS IS OBAMAS Change for america /“Hit Back Twice As Hard”. He commands !*Obama on the private sector: ~~ “We talk to these folks…~ / so I know whose a*$ to KICK.“ OBOMA wants to KICK your a*$ /

Shouting THAT Republican victory would mean ~ “hand to hand combat”

HE IS EXPECTING people to be on Edge and BORDERLINE killing MODE, VIOLENT / and STAND up for their immoral CAUSES

THIS IS WHAT HE LIVES FOR ./ ./ ./ THESE ARE OBAMAS OWN WORDS.. !

* Obama Tells democrats: “ I’m itching for a fight.” !

....PLEASE.... go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~\oBOMA~~~ Demands ! -- [ THE FINAL SOLUTION - for Un~Wanted Children

Barak Obama is A MURDERER .~Torturing UNWANTED babys on DEATH ROE

CLICK HERE www.obomlnation.webstarts.com/index.html

OBAMA TAKES a little NEW BORN innocent child. BORN. ALIVE sTabS it iN the head SUCKs ITS BRAINS OUT.

This is just too wrong and horrible. Please stand for Loving Children and the USA