Obama: US Economy Must be “Built to Last”

Blamuel Njururi
Associated News Network

Washington, January 24, President Barack Obama, in his 2012 State of the Union address, spelt out his vision for United States economic recovery that is built to last.

As the US recovers from an economic recession, Obama said January 24, it needs “an economy built to last” that will support all who want to work, as well as risk-takers and entrepreneurs who will create new jobs in startup companies and small businesses.

“It’s time to apply the same rules from top to bottom: No bailouts, no handouts and no cop-outs. An America built to last insists on responsibility from everybody,” he said.

The president’s remarks came after months of protest by the “Occupy” movements in several cities across the United States, as well as statements by billionaire investor Warren Buffett and others who have highlighted the growing gap in earnings between wealthy Americans and most of their fellow citizens.

Obama warned U.S. banks and financial institutions that in the aftermath of a recession caused by risky investments, new laws now require them to describe exactly how they would pay back bad investments “because the rest of us are not bailing you out ever again.”

“We don’t begrudge financial success in this country. We admire it,” Obama said. But he added that the wealthiest Americans need to pay their fair share of taxes rather than increasing the U.S. national deficit or forcing those with less means to make up the difference.

Americans “know that this generation’s success is only possible because past generations felt a responsibility to each other and to the future of their country, and they know our way of life will only endure if we feel that same sense of shared responsibility,” the president said.

U.S. stands for universal rights and dignity

In his remarks on U.S. foreign policy, the president said “a wave of change” has washed across the Middle East and North Africa in the form of Arab uprisings against despotic governments and, although the United States cannot predict how the region’s transformation will end, it has a huge stake in the outcome.

The president welcomed the fall of Libya’s Muammar al Qadhafi, and said that the regime led by Syria’s Bashar al-Assad “will soon discover that the forces of change can’t be reversed, and that human dignity can’t be denied.”

“While it is ultimately up to the people of the region to decide their fate, we will advocate for those values that have served our own country so well. We will stand against violence and intimidation. We will stand for the rights and dignity of all human beings — men and women; Christians, Muslims, and Jews. We will support policies that lead to strong and stable democracies and open markets because tyranny is no match for liberty,” Obama declared.

For the first time since 2003, there are no Americans fighting in Iraq, he said, and May 2011 saw the death of al Qaeda leader Osama bin Laden and the end of his threat to the United States and other countries around the world.

In Afghanistan, the United States has begun to wind down the war and transition responsibility for the country’s security to Afghan authorities. Obama said the United States is building an “enduring partnership with Afghanistan, so that it is never again a source of attacks.”

The president also warned Iran that the world is united in its response to the country’s nuclear activities, and that as long as Iran’s leaders shirk their responsibilities to the international community, the global pressure against them “will not relent.”

On the Iran nuclear project, the president asserted; “America is determined to prevent Iran from getting a nuclear weapon, and I will take no options off the table to achieve that goal. But a peaceful resolution of this issue is still possible, and far better, and if Iran changes course and meets its obligations, it can rejoin the community of nations.”

The U.S. Constitution requires the president to periodically inform the Congress on “information of the state of the union,” and to recommend “measures as he shall judge necessary and expedient” for their consideration. During an election year, the speech is also an opportunity for the president to put forward his vision in a manner that contrasts with those of his likely opponents.

The tradition has evolved into an annual televised address to the Congress, members of the Cabinet and U.S. Supreme Court, U.S. military leaders and other invited guests. Obama will follow up on the speech by sending Congress a proposed budget for the 2013 fiscal year in which he will offer further details on his vision by specifying his spending priorities.

Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Advertising

If interested, contact out Sales Department at sales@associated-news-network.com.
The Associated News Network is an upcoming Freelance News site with a global presence with nearly 2 million page views per month. If your goal is to generate and maximize exposure for your products and services to a global audience then advertising with The Associated News Network would be a great investment.

Ad Type

728 x 90 Banner Ad - This ad will appear either on the top, middle, bottom of every page on the site, and is priced at $130 per week, or discounted at $400 per month. This is the primary ad slot on the site.

Sample

468x60 Banner Ad - This ad will appear on selected pages and is priced at $90 per week, or $300 per month.
Sample

300 x 300 Banner Ad - This ad will appear on every page (right-hand side) and is priced at $90 per week, or $300 per month. This is the second best performing ad slot on the site

Sample

300 x 250 Banner Ad - This ad will appear in either the footer or sidebar, (lower-half) of each page. Priced at $40 per week, or $110 per month, this is the ideal starter package for all.

Sample

Pop-up, Pop-under, Full Page, and Skyscraper Advertisements are available upon request.

Note: All purchases are final; please make sure you purchase the ad you want. If you do require a refund you have 5 working days to file a request, you will be refunded the full purchase price minus the prorated fee for time the ad has been live. Changes to your images or textual content are no problem, simply notify us, and submit your new banner and we will replace it within 24 hours of approval. Each position has 3 slots available so your ad will be in rotation with two others this means, every two page views your advertisement will appear.

All advertisements are subject to editorial review for content and may be rejected for inappropriate material. No pornographic material, hate, or racially biased advertisements will be accepted. The Associated News Network accepts no responsibility or guarantee for any items or materials advertised on the site.

If interested, contact out Sales Department at sales@associated-news-network.com.