In a speech at Ivy Tech Community Collage in Indiana President Obama couldn’t have been more proud of the work he’s accomplished over the last several years. Citing official statistics like lower deficits and higher employment he says that 2015 is going to be a another good year.
If there were ever a contra-indicator for how the state of the union will be now that the “shadow of crisis has passed,” this is it:
We’ve come a long way these past six years, since we suffered the worst financial crisis since the great depression.
This morning we found out that America’s businesses added another 267,000 jobs. In 2014 our economy created more than 3.1 million jobs and that’s the best year of job growth since the 1990′s. So all told, over the past 59 months the private sector has added about 11.8 million jobs. That’s the longest streak of private sector job growth in our history.
Meanwhile, our deficits are shrinking… they’ve gone down by about two-thirds. Our dropout rates are down… Our graduation rates are up. We’re as free of foreign oil as we’ve been in 30 years… We’ve doubled the amount of clean energy that we’re producing… A lot of families are saving a lot of money at the gas pump, which is putting some smiles on folks’ faces.
And in the single most hopeful sign for middle class families, wages are starting to go up again.