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State of the Union

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Submitted By sea134b
Words 714
Pages 3
Toney Lee
February 8, 2014
ECO-512-26
Spring 2014
Summary: Obama’s 2014 State Of The Union Address

The president of the United States addressed our nation on many different issues, achievements, and opportunities for our future moving forward. During his five years in office, he has experienced the highs and lows of economic growth. Under his reign as president, the graduation rate is at its highest level in more than three decades. Although that seems shocking and difficult to believe, it’s a 110% accurate and true. Our unemployment rate is at its lowest in more than five years. It’s currently at 6.6% which is 1.2% lower when Obama first took office. The housing market is recovering from its five years of pain. According to a survey conducted by housing research firm Metrostudy, there are less than 30,000 vacant new homes on the market. The number of manufacturing jobs in the U.S. last year grew 1.2%, or 136,000, the first increase since 1997. In nearly twenty years, more oil is produced at home than we buy from the rest of the world. America is closer to energy independence than we’ve been in decades. Also, we are becoming a global leader in solar too. Over the past eight years, the United States has reduced its total carbon pollution more than any other nation on Earth. The US budget deficit is set to fall to US$514 billion this year, down substantially from last year and lowest level by far since President Barack Obama took office five years ago. For the first time in over a decade, business leaders around the world have declared that America is number one place to invest. According to a 2013 report by the Organization for International Investment, foreign direct investment in the US reached US$2.7 trillion at the end of 2012. Congress produced a budget that undoes some of last year’s severe cuts to priorities like education. After four years of

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