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President Barack Obama proposed a five-year freeze on some government spending and struck a centrist tone in his annual State of the Union address on Tuesday, hoping to prove he has fiscal discipline and can work with resurgent Republicans.
Obama also said that voters want Democrats and Republicans to govern with “shared responsibility”. He offered a raft of proposals that some of his opponents might find appealing as he positions himself for a 2012 re-election bid, but stopped short of the massive spending cuts demanded by some Republicans.
He called for a job-creating “Sputnik moment” fed by new investments in research and education like the 1950s space race, saying what is at stake is “whether new jobs and industries take root in this country, or somewhere else.” In a nod to business, Obama also called for lowering the corporate tax rate.
What do you think of Obama’s call for a five-year halt on domestic spending to help rein in the national deficit? Do you think his approach to job creation will work? Grade his speech below.