U.S. President Barack Obama's State Of The Union Address Is Back On His Message Of Hope

Vice President Joe Biden, President Barack Obama and House Speaker John Boehner

U.S. President Barack Obama's State of The Union address last night contained many claims and promises, but will he be able to make good on them in the current financial climate gripping America. Obama offered examples of what he deems his successes with the U.S. economy.

However, one cannot deny the fact, the financial climate in America is still very bad, as cost of living continues to surge and income and job availability decreases. This is a dangerous combo. At the heart of the matter is a badly damaged economy that spans two presidents. Both went about correcting the damage in different ways, but neither has solved the problem, leaving America in a quagmire. 

New Financial Numbers Reveal The U.S. Economy Is Stagnating Again

President Barack Obama has not had a touchdown with the economy

Newly released economic data reveals the U.S. economy is stagnating again. Everything is up, but not in a good way, as unemployment, gas prices and national debt continues to climb. The efforts of the Obama Administration to tame the ongoing financial crisis via increased spending and more debt once again, has failed to produce fruitful results. Austerity is the way out of the crisis, but it is an option that is not and has not been on the table. 

China Overtakes America As The World's Top Trading Nation

 

It was announced this week that China has overtaken America as the world's top trading nation. This comes as a surprise to few in the business world, as the past several years have been an economic boom for China, who has utilized its large population to create the most efficient and prodigious workforce on the planet. What they have done in the world of mass production is impressive. It proves the old adage that sometimes there is, "Strength in numbers."

Mixed News On U.S. Economy Indicates Financial Trouble

President Barack Obama

The U.S. unemployment rate went up to 7.9 percent in January 2013. After Christmas, seasonal hiring ended, attributing to the fall off in employment. 12,000,000 Americans are currently unemployed. Gas prices have gone up again, another burden on motorists in tough financial times. What's odd is the stock market keeps rising, to heights greater than it enjoyed during America's most prosperous times under former President Bill Clinton. Something is off there.