State Of The Union Address 2012 Preview: What Will President Obama Say?
Things are much better than a year ago.
This State of the Union address from President Barack Obama may be a bit different than any other he has done before. Why? Things are a bit better than at any point in his presidency economically speaking. The economy is turning the corner in a more decisive way and nearing pre-Obama days entirely. The housing market is showing early signs of picking up, jobs growth is increasing, businesses are spending more and the stock market is even making a comeback. If the president breaks down the numbers for the past few weeks/months, there is a clear trend line that shows the economy is getting to the point where the turnaround effect will begin to be felt by more people.
A Tale Of Two States of The Union?
A year ago, President Obama was in a different position politically and the economy was still growing at a snails pace. The president invoked the term “Our Sputnik Moment” to reinvigorate his base after the landslide Republican win in the November 2010 elections. It was the first Biden and Boehner state of the union address and the mood of the country was less positive. Now, even the president’s harshest critics can see objectively that economic data points in January 2011 and January 2012 are much different. In short, people are buying more McDonald’s, Harley’s and iPads compared to a year ago.
