InfoAnda - President Obama Addresses Nation; Discusses Healthcare, Energy, Cimate Bills

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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles President Obama Addresses Nation; Discusses Healthcare, Energy, Cimate Bills Email Facebook Digg Twitter Buzz Up! ShareThis January 27, 2010 9:42 p.m. EST Topics: United States, Politics Washington, D.C., United States (AHN) - Having completed a tumultuous year, President Barack Obama addressed the U.S. Wednesday night during the State of the Union address. President Obama admitted that the country was still struggling, "One year ago, I took office amid two wars, an economy rocked by severe recession, a financial system on the verge of collapse, and a government deeply in debt. Experts from across the political spectrum warned that if we did not act, we might face a second depression. So we acted - immediately and aggressively. And one year later, the worst of the storm has passed "But the devastation remains. One in ten Americans still cannot find work. Many businesses have shuttered. Home values have declined. Small towns and rural communities have been hit especially hard. For those who had already known poverty, life has become that much harder." Continuing with the focus on jobs President Obama stated, "I'm proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. I am also proposing a new small business tax credit -- one that will go to over one million small businesses who hire new workers or raise wages. While we're at it, let's also eliminate all capital gains taxes on small business investment; and provide a tax incentive for all businesses, large and small, to invest in new plants and equipment." AHN will continue coverage of the President's speech and reactions throughout the night. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved

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