Obama\'s defiant State of the Union speech is cheered by Democrats. Mr. Vice President, Members of Congress, my fellow Americans: But tonight, we turn the page. Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1. Our unemployment rate is now lower than it was before the financial crisis. More of our kids are graduating than ever before; more of our people are insured than ever before; we are as free from the grip of foreign oil as we’ve been in almost 3. Tonight, for the first time since 9/1. Afghanistan is over.
Six years ago, nearly 1. American troops served in Iraq and Afghanistan. Today, fewer than 1. And we salute the courage and sacrifice of every man and woman in this 9/1. Generation who has served to keep us safe.
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We are humbled and grateful for your service. America, for all that we’ve endured; for all the grit and hard work required to come back; for all the tasks that lie ahead, know this: The shadow of crisis has passed, and the State of the Union is strong.
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At this moment – with a growing economy, shrinking deficits, bustling industry, and booming energy production – we have risen from recession freer to write our own future than any other nation on Earth. It’s now up to us to choose who we want to be over the next fifteen years, and for decades to come. 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?
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Will we approach the world fearful and reactive, dragged into costly conflicts that strain our military and set back our standing? Or will we lead wisely, using all elements of our power to defeat new threats and protect our planet? Will we allow ourselves to be sorted into factions and turned against one another – or will we recapture the sense of common purpose that has always propelled America forward? In two weeks, I will send this Congress a budget filled with ideas that are practical, not partisan.
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And in the months ahead, I’ll crisscross the country making a case for those ideas. So tonight, I want to focus less on a checklist of proposals, and focus more on the values at stake in the choices before us. It begins with our economy. Seven years ago, Rebekah and Ben Erler of Minneapolis were newlyweds. He worked construction.
Their first child, Jack, was on the way. They were young and in love in America, and it doesn’t get much better than that.“If only we had known,” Rebekah wrote to me last spring, “what was about to happen to the housing and construction market.”As the crisis worsened, Ben’s business dried up, so he took what jobs he could find, even if they kept him on the road for long stretches of time. Rebekah took out student loans, enrolled in community college, and retrained for a new career. They sacrificed for each other. And slowly, it paid off. They bought their first home.
They had a second son, Henry. Rebekah got a better job, and then a raise. Ben is back in construction – and home for dinner every night.“It is amazing,” Rebekah wrote, “what you can bounce back from when you have to. They represent the millions who have worked hard, and scrimped, and sacrificed, and retooled. You are the reason I ran for this office.
You’re the people I was thinking of six years ago today, in the darkest months of the crisis, when I stood on the steps of this Capitol and promised we would rebuild our economy on a new foundation. And it’s been your effort and resilience that has made it possible for our country to emerge stronger. We believed we could reverse the tide of outsourcing, and draw new jobs to our shores.
And over the past five years, our businesses have created more than 1. We believed we could reduce our dependence on foreign oil and protect our planet. And today, America is number one in oil and gas. America is number one in wind power. Every three weeks, we bring online as much solar power as we did in all of 2. And thanks to lower gas prices and higher fuel standards, the typical family this year should save $7.
We believed we could prepare our kids for a more competitive world. And today, our younger students have earned the highest math and reading scores on record. Our high school graduation rate has hit an all- time high. And more Americans finish college than ever before. We believed that sensible regulations could prevent another crisis, shield families from ruin, and encourage fair competition. Today, we have new tools to stop taxpayer- funded bailouts, and a new consumer watchdog to protect us from predatory lending and abusive credit card practices. And in the past year alone, about ten million uninsured Americans finally gained the security of health coverage.
At every step, we were told our goals were misguided or too ambitious; that we would crush jobs and explode deficits. Instead, we’ve seen the fastest economic growth in over a decade, our deficits cut by two- thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years. So the verdict is clear. Middle- class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.
We can’t slow down businesses or put our economy at risk with government shutdowns or fiscal showdowns. We can’t put the security of families at risk by taking away their health insurance, or unraveling the new rules on Wall Street, or refighting past battles on immigration when we’ve got a system to fix. And if a bill comes to my desk that tries to do any of these things, it will earn my veto. Today, thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small business owners plan to raise their employees’ pay than at any time since 2.
But here’s the thing – those of us here tonight, we need to set our sights higher than just making sure government doesn’t halt the progress we’re making.