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» » News18 Shorts

Obama calls for a fair shot economy, more jobs

Jan 25, 2012 07:59 AM IST India India
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Washington: US President Barack Obama during his last address before the Presidential elections on Tuesday night said for the first time in two decades Osama Bin Laden is not a threat to US.

Obama said, "For the first time in last 9 years there is no American fighting in Iraq."

While giving the State Union Address, Obama called for a fair shot economy, where everyone does their fair share. "Last year we created the most jobs since 2005," said Obama.

Obama said that today General Motors (GM) is back on top to world's number one auto makers.

While asserting the need to bring jobs back to the country, Obama said, "Economy blueprint plan focusses on American manufacturing."

"Will go anywhere in the world to open new markets for American products," said Obama.

Obama talking tough on outsourcing said, "Higher education should not be luxury. It has to be an economic parity that every American family should be able to afford. We need to bring down the tuition fees."

Obama said US workers are the most productive workers on earth.

Concentrating on education, Obama said ,"We require all students to stay in high school until they are graduate or turn 18."

On the issue of Iran becoming a nuclear power, the US President said, "Let there be no doubt, America is determined to prevent Iran from getting a nuclear weapon."

Obama also said that US will not go back to an economy weakened by outsourcing, bad debt and phony financial profits.

"No bailouts, no handouts and no copouts. Same rule applies from top to bottom," pointed Obama.

Declaring the American dream under siege, Obama called for a flurry of help for a hurting middle class and higher taxes on millionaires, delivering a State of the Union address filled with re-election themes.

Obama outlined a vastly different vision for fixing the country than the one pressed by the Republicans challenging him in Congress and fighting to take his job. He pleaded for an active government that ensures economic fairness for everyone, as his opponents demand that the government back off and let the free market rule.

Standing in front of a divided Congress, with bleak hope this election year for his legislative agenda, Obama spoke with voters in mind.

"We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by," Obama said. "Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules."

A rare wave of unity splashed over the House chamber at the start. Rep Gabrielle Giffords, survivor of an assassination attempt one year ago, received sustained applause from her peers and hugs from many. Obama, too, embraced her as he made his way to the front.

At the core of Obama's speech was the improving but deeply wounded economy - the matter still driving Americans' anxiety and the one likely to determine the next presidency.

"The state of our union is getting stronger," Obama said, calibrating his words as millions remain unemployed. Implicit in his declaration that the American dream is "within our reach" was the recognition that, after three years of an Obama presidency, the country is not there yet. He spoke of restoring basic goals: owning a home, earning enough to raise a family, putting a little money away for retirement.

"We can do this," Obama said. "I know we can."

With Additional Inputs from AP

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