On the recordJanuary 28, 2014
Madam President, tonight the President of the United States will come before the Congress and make his State of the Union Address. That is an annual ritual we go through around here every year, and I have been through State of the Union speeches through multiple administrations. I sort of liken them to somebody making New Year's resolutions at the beginning of the new year, filled with lots of rhetoric and promises, most of which get left on the cutting-room floor when the speech concludes. But that being said, it is something that gives the President an opportunity to lay out his agenda for the coming year. Rumor has it that this year the President's speech is going to focus on income inequality and economic opportunity. Well, that is good to hear because these last 5 years of the Obama administration have been devastating to Americans who are trying to advance economically. Nobody can deny that the President inherited a difficult economic situation. I think we would all concede that at the very outset. But he has had now 5 years, going on 6, to make things better. Unfortunately, he has not made much progress. For the majority of Americans, things do not look much better today than they did 5 years ago. The economy still is not working; unemployment remains at historic recession-level highs; income inequality is at the highest point literally in 86 years; household income has dropped by nearly $4,000 since the President took office.…





