By Brai Odion-Esene
WASHINGTON (MNI) – President Barack Obama will strike a populist
tone in his State of the Union address Tuesday night, warning that he
will allow a return to past policies that led to the economic crisis and
the resulting recession.
“We will not go back to an economy weakened by outsourcing, bad
debt, and phony financial profits,” Obama warns in excerpts from his
prepared remarks released by the White House ahead of the prime time
speech.
Obama said, “We can either settle for a country where a shrinking
number of people do really well, while a growing number of Americans
barely get by. Or we can restore an economy where everyone gets a fair
shot, everyone does their fair share, and everyone plays by the same set
of rules.”
“Let’s never forget: Millions of Americans who work hard and play
by the rules every day deserve a government and a financial system that
do the same,” Obama said.
“It’s time to apply the same rules from top to bottom: No
bailouts, no handouts, and no copouts. An America built to last insists
on responsibility from everybody.”
The President declared his willingness to work with lawmakers
towards these objectives, and promised action in response to any
attempts to roll back legislation passed when Democrats dominated both
the House and the Senate.
“I will oppose any effort to return to the very same policies that
brought on this economic crisis in the first place,” he warned.
“Tonight, I want to speak about how we move forward, and lay out a
blueprint for an economy that’s built to last — an economy built on
American manufacturing, American energy, skills for American workers,
and a renewal of American values,” the president said.
** Market News International Washington Bureau: 202-371-2121 **
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