State of the union

President Barack Obama started his speech by talking about the past and how we have overcome great struggles by working together as Americans. He stated that the markets have been stabilized thanks to the bailout plan but now its time help out the people of the United States. If banks had enough money to give themselves raises then they wont mind if the president proposes a fee on the biggest banks. His number one focus is a new jobs bill. 30 billion dollars will be given to community banks for small business and there will be a business tax credit. Capital gains on small businesses will be eliminated. A new high-speed railroad track will be built in Tampa, Florida. Rebates will be given in order to promote green clean energy. Slash tax breaks on companies who take jobs out to other countries. An energy and climate bill so that the environment can be protected. Export more goods, double our exports so that 2 million jobs can be created, this is all part of the National export initiative. Create an anti-poverty program with a world-class education and revitalize community colleges. There will be a 10,000-dollar tax credit for being 4 years in college and you will pay 10% of your income in loans for college. In 2011, a 3-year federal spending freeze will come in effect. In July of that same year troops will begin to come back. Troops will be out of Iraq by the end of august of this year. Finally, a US and Russia arms control treaty so that in 4 years nuclear weapons are eliminated so they don’t fall in terrorist’s hands. President Obama delivered his plans very well and in an effective manner. He seems pretty determined to accomplish his proposal.