Cleveland and Pittsburgh and Raleigh Barack Obama – State Of The Union 2012

The cities are named because of their industrial roots but also because they are in battleground states in recent presidential elections.

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No, we will not go back to an economy weakened by outsourcing Barack Obama – State Of The Union 2012

Later in the address, the President boasts of trade deals with South American countries—Colombia and Panama—whose anti-union climate make them attractive to US corporations.

Colombia has been long plagued by anti-union terrorism committed by paramilitary forces ultimately funded in part by Washington. The Coca-cola Corporation, for example, has been charged with employing death squads to terrorize those Colombians wishing to unionize bottling plants in that country. Anti-union violence has also plagued Panama in recent years.

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Banks had made huge bets and bonuses with other people’s money. Barack Obama – State Of The Union 2012

The Clinton-era repeal of the Glass-Steagall Act made it so that the firewall between standard commercial banking and hedge fund-like investment banking was removed. Suddenly, essentially everyone’s money was sloshing around in a giant casino.

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Mortgages had been sold to people who couldn’t afford or understand them. Barack Obama – State Of The Union 2012

Banks and lenders began targeting vulnerable communities with faulty loans. According to reporting in the New York Times, Wells Fargo “saw the black community as fertile ground for subprime mortgages, as working-class blacks were hungry to be a part of the nation’s home-owning mania.”

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One of my proudest possessions is the flag that the SEAL Team took with them on the mission to get bin Laden. Barack Obama – State Of The Union 2012

Just before the President’s address, Seal Team Six concluded a hostage recovery mission in Somalia. Entering the chamber for the address, Obama was picked up on microphone congratulating Defense chief Leon Panetta on a “good job tonight.”

http://youtu.be/mpbcZRiMGgw

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Jackie Bray is a single mom from North Carolina who was laid off from her job as a mechanic. Then Siemens opened a gas turbine factory in Charlotte, and formed a partnership with Central Piedmont Community College. The company helped the college design courses in laser and robotics training. It paid Jackie’s tuition, then hired her to help operate their plant Barack Obama – State Of The Union 2012

Using Ms. Bray as a centerpiece around which to discuss job training, the Obamas set her up with decent seating at the address. That’s her to Michelle’s right.

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We should start with our tax code. Barack Obama – State Of The Union 2012

Many of the country’s largest and most profitable corporations pay little to no taxes. Meanwhile, the wealthy pay a lower income tax rate than middle-class Americans.

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