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Obama to lay out economic growth plan in State of Union speech
Reuters ^ | Feb 10, 2013 | Jeff Mason and Mark Felsenthal

Posted on 02/10/2013 1:15:09 PM PST by YankeeReb

WASHINGTON (Reuters) - President Barack Obama will describe his plan for spurring the economy in his State of the Union address on Tuesday, offering proposals for investments in infrastructure, manufacturing, clean energy and education, a senior administration official said on Saturday.

In the annual presidential address to Congress, Obama plans to show he has not lost sight of the economic woes of middle-class Americans - issues that dominated the 2012 election campaign but have been overshadowed recently by efforts to cut the deficit, overhaul immigration laws and curb gun violence.

"The potential success of his second term is hugely dependent on the rate at which the economy grows," said Ruy Teixeira, a political scientist with the liberal-leaning Center for American Progress.

"There's no problem the Democrats have that can't be solved with faster growth. Conversely, there's not much they'll be able to do if growth stays slow."

Obama previewed his economic growth plan in a speech to House of Representatives Democrats this week, telling them he would stress the importance of education, development of clean energy, and infrastructure.

There were no details on the new initiatives for infrastructure, manufacturing, clean energy and education, elements first reported by the New York Times.

But any new spending will face tough opposition from Republicans in Congress who are focused on cutting spending and reducing the deficit.

Obama has urged Congress to take steps to postpone harsh government spending cuts slated to take effect on March 1, and the White House took pains on Friday to describe how the cuts would affect ordinary Americans' lives.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Government
KEYWORDS: 113th; bhosotu; notwatchingit; obama; stateoftheunion
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To: ClearCase_guy
1) Invest in schools

Everyone gets a certificate of participation.

2) Invest in roads

Without gas to drive on them.

3) Invest in green technology

Launder greenbacks to the Bolshies.

4) Punish everyone who works hard and is successful.

Have no fear unions.

For every "fair share", "fair shot" and "play by the rules" a Republican should walk out. It will be a retread of tired cliches without meaning, signifying nothing.

41 posted on 02/10/2013 2:11:54 PM PST by depressed in 06 (America conceived in liberty, dies in slavery.)
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To: Hoodat
Is this a repeat of his 2008 campaign speech?

Of course not, he will change the wording slightly and add a lot more I's and me's this time.

42 posted on 02/10/2013 2:13:52 PM PST by Jean S
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To: YankeeReb

It’ll be a growth all right, but death by cancer isn’t high on my list.


43 posted on 02/10/2013 2:17:21 PM PST by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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To: YankeeReb

IOW, the same old sh*t that has failed consistently every single time.


44 posted on 02/10/2013 2:21:11 PM PST by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: YankeeReb

I’ll be watcing the dogs of Westminster rather than The Mutt.....


45 posted on 02/10/2013 2:21:21 PM PST by clintonh8r (Happy to be represented by Lt. Col. Allen West)
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Freepers, your Contributions make every difference!
Please keep ‘em coming! Thank you all very much!

46 posted on 02/10/2013 2:32:44 PM PST by RedMDer (Support Free Republic)
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To: YankeeReb

GDP contracted .1% in the 4th quarter last year. That is just the start.

Government spending does not raise the GDP one bit. nobama can continue spending money he doesn’t have but it’s a dead end street.

What was that Margaret Thatcher said? “Socialism works great until you run out of other people’s money.” IMHO, that day is fast approaching.


47 posted on 02/10/2013 2:33:54 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: YankeeReb

Borrow, tax and spend... no surprise there.


48 posted on 02/10/2013 2:36:04 PM PST by Cementjungle
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To: clintonh8r

YESSSSS!!!!!!!!!!!!!!! This year will really enjoy it!!!


49 posted on 02/10/2013 2:37:28 PM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: YankeeReb
In the annual presidential address to Congress, Obama plans to show he has not lost sight of the economic woes of middle-class Americans

Chairman Zero has never HAD sight of the economic woes of middle-class Americans. More propaganda from al-Reuters.

50 posted on 02/10/2013 2:42:16 PM PST by Colonel_Flagg ("Don't be afraid to see what you see." -- Ronald Reagan)
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To: YankeeReb
Like the last three Calls to Worship, I will be unable to attend due to previous commitments. No need to hear what he has to say, we have heard it non-stop for the past FOUR years. Tax the rich, more investment needed in commie ed and green shoots, the GOP is evil personified. It never ends.

America is still asleep and worshiping at the feet of a FALSE IDOL.
51 posted on 02/10/2013 2:53:37 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Cheerio

Even though I’ve been extremely busy, the only thing that could possibly prevent me from watching this year’s SOTU speech is if I don’t get to rearrange my sock drawer. I’ve been putting it off for long enough... I sorely need to do it, and, it’s been over a year since the last time I rearranged it, on 1/24/12.


52 posted on 02/10/2013 3:27:26 PM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: YankeeReb

“There’s no problem the Democrats have that can’t be solved with faster growth.”

Their (our) problems have been created by their policies, which foster no or slow growth. Unless they change policies, nothing will be solved, things will only get worse.


53 posted on 02/10/2013 3:34:45 PM PST by Rennes Templar (Business owners work harder! You have to support millions.)
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To: YankeeReb
Da Train Boss! Da Train!


54 posted on 02/10/2013 3:51:39 PM PST by TArcher
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To: All
Even Democrat Economist have known raising taxes is going to Decrease Economic Growth.

Apr 23, 2012
Christina Romer Knows Tax Hikes Will Kill the Recovery
http://www.forbes.com/sites/charleskadlec/2012/04/23/christina-romer-knows-tax-hikes-will-kill-the-recovery/

In a paper entitled: “The Macrcoeconomic Effects of Tax Changes” published by the prestigious American Economic Review in June 2010 (during her tenure at the White House), she stated: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.”

...The Romers’ baseline estimate suggests that a tax increase of 1% of GDP (about $160 billion in today’s economy) reduces real GDP by 3% over the next 10 quarters.

(me again) Just the payroll tax increase alone is about $100 billion, so for the next 10 quarters, look out below.....

55 posted on 02/10/2013 4:00:57 PM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: TArcher

Wow that’s AWESOME!!

LameTrack running @ 220 mph.

The “kinetic events” will be epic.


56 posted on 02/10/2013 4:01:06 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: YankeeReb
"The potential success of his second term is hugely dependent on the rate at which the economy grows,"

Ok, so starve the beast.

Everyone will be doing it eventually anyway, because there won't be anything left for the politicians to steal. They'll have bled the world dry for the sake of their own power and their own privilege.
Their tower of Babel will fall, and the people of the world will finally live in peace. There will be no one left in power to steal from the people or pit the people against each other.
The world can survive without the politicians money, but the politicians can't survive without ours.

57 posted on 02/10/2013 4:42:11 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: TArcher

It would never happen. The funds will be eaten up in salaries, kickbacks and “studies”. The usual......


58 posted on 02/10/2013 5:32:35 PM PST by luvie (All my heroes wear camos!)
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To: YankeeReb
What State of the Union address?

I have more important things to do, like rearrange my sock drawer.

5.56mm

59 posted on 02/10/2013 5:40:14 PM PST by M Kehoe
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To: YankeeReb
"There's no problem the Democrats have that can't be solved with faster growth. Conversely, there's not much they'll be able to do if growth stays slow."

He's an economic genious! Wow!

60 posted on 02/10/2013 6:04:11 PM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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