President Barack Obama has delivered his first State of the Union speech since his Democrat party lost control of Congress.
It marks a significant shift to the right in a bid to gain Republican support for his legislation for the final two years of his first term. If he does not get it, he may be able to blame the Republicans for putting their interests ahead of the nation’s. The move to the centre appears to be his only chance of re-election in 2012.
“Now, the final critical step in winning the future is to make sure we are not buried under the mountain of debt. We have to confront the fact that our government spends more than it takes in. That is not sustainable. I’m proposing that starting this year we freeze annual domestic spending for the next 5 years. This would reduce the deficit by more than 400 billion dollars over the next decade,” he said.
Whether that will be enough remains to be seen. For Obama’s electoral chances, job creation and stimulating growth will be the twin keys to renewed voter appeal.