Wednesday, January 21, 2015

Obama's economy : The cheer from the State of the Union

Excerpts from the State of the Union Message which look sound for USA economy: 


  • US unemployment rate is now lower than it was before the financial crisis. 
  • More of US kids are graduating than ever before;
  • More of USA people are insured than ever before;
  • USA is free from the grip of foreign oil as in almost 30 years.

  • America is number one in oil and gas.
  • America is number one in wind power.
  • Every three weeks, USA brings online as much solar power as USA did in all of 2008.
  • Owing to lower gas prices and higher fuel standards, the typical family this year should save $750 at the pump.
  • By the end of this decade, two in three job openings will require some higher education. Two in three. 
  • To update the job training system, USA is connecting community colleges with local employers to train workers to fill high-paying jobs like coding, and nursing, and robotics. 
  •  
  • Since 2010, America has put more people back to work than Europe, Japan, and all advanced economies combined. Manufacturers have added almost 800,000 new jobs.
  • Sectors, like the auto industry, are booming.
  • There are millions of Americans who work in jobs that did not even exist ten or twenty years ago — jobs at companies like Google, eBay, and Tesla.
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