DRAFT. TO BE FINALISED.
Full transcript of the STATE OF THE UNION here.
Some significant excerpts for comments.
"We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again."
We’ll invest in biomedical research, information technology, and especially clean energy technology -an investment that will strengthen our security, protect our planet, and create countless new jobs for our people.
"Of course, some countries don’t have this problem. If the central government wants a railroad, they build a railroad, no matter how many homes get bulldozed. If they don’t want a bad story in the newspaper, it doesn’t get written."
“We proved that Center Rock is a little company, but we do big things.”
We do big things.
In fact, to every young person listening tonight who’s contemplating their career choice: If you want to make a difference in the life of our nation; if you want to make a difference in the life of a child -- become a teacher. Your country needs you.
Within 25 years, our goal is to give 80 percent of Americans access to high-speed rail.
So tonight, I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years –- without adding to our deficit. It can be done.
To help businesses sell more products abroad, we set a goal of doubling our exports by 2014 -– because the more we export, the more jobs we create here at home.
So tonight, I am proposing that starting this year, we freeze annual domestic spending for the next five years. Now, this would reduce the deficit by more than $400 billion over the next decade, and will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was President.