Obama on Economy: America Is Poised for a Breakout

Obama on Economy: 'America Is Poised for a Breakout' (RealClearPolitics)

PRESIDENT OBAMA: And after years of trillion-dollar deficits, we reined in spending, wound down two wars, and began to change a tax code that I believe was too skewed towards the wealthiest among us at the expense of the middle class. And since I took office, we have now cut our deficits by more than half.

Add it all up, and businesses like yours have created 7.8 million new jobs over the past 44 months. We’ve gone farther and recovered faster than most other advanced nations. And so in a lot of ways, America is poised for a breakout. We are in a good position to compete around the world in the 21st century. (Wall Street Journal CEO Council, November 19, 2013)