Now a little bit about the President's speech.
It's just more of the same. Obama doesn't really understand what makes an economy grow. His basic premise was that we need the Govt. to create the middle class..to strengthen the middle class and if we strengthen the middle class then we would get a more prosperous economy. But what Obama doesn't understand was that it was the prosperous economy that gave us the middle class, NOT THE OTHER WAY AROUND. He's got the economic cart before the horse. What created the middle class was (guess what?)...Capitalism, was Adam Smith's invisible hand, the Free Market.
It was entrepreneurs making things, inventing things, starting businesses etc,. That's what raised everybody's living standards. That's what made real wages higher and that's where the middle class came from(Not artificially keep raising the minimum wage). It came from productivity but you get productivity when you get limited Govt. When you have low taxes, low govt spending and minimal regulations. But Obama wants the opposite of that so he is gonna destroy the middle class.