SOTU 2014: U.S. President Barack Obama will deliver his fifth State of the Union address tonight, which means tomorrow most media outlets will graph and "wordcloud" his most used buzzwords like "jobs," "invest," and "innovate."
Instead of waiting until after the SOTU, we put together the nine phrases you're likely to hear tonight – as well as why President Obama needs to address them.
Here's your outline of State of the Union 2014:
- "Income inequality"
Income inequality (or income distribution) in the United States – and even the world – is expected to be the single largest theme. This week a report during the Davos Forum revealed that the top 85 richest people in the world had the same amount of wealth as the poorest half of the world (3.5 billion people). Income inequality has been a critical topic for the progressive president… after all, it has accelerated in the last five years.
President Obama will likely note that higher capital gains taxes haven't stopped the markets from soaring, and that while the market hits record highs, the average American is still struggling.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.