There needs to be more than just tax credits to get the economy back on track, but Obama and Congress won't do it.
Meanwhile, Obama used a lot of flowery words in his SOTU speech, but those words masked the real problems facing the country:
He began by defending the “aggressive” measures he took to rescue the financial system, asserting that “one year later, the worst of the storm has passed.” Really? Precisely for whom has the storm passed?
The answer is obvious—for the financial parasites whose speculation precipitated the economic disaster. The situation for the working class has only worsened. Home foreclosures and hunger are at record levels and poverty is rapidly rising. When Obama took office one year ago, the official unemployment rate stood at 7.6 percent. It is now 10 percent—a jump of 31 percent.
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