Article Image

IPFS News Link • Obama Administration

Will Obama’s $9.00 Minimum Wage Proposal Stimulate The Economy?

•, Margaret Talev
 In the first State of the Union address since winning re- election, Obama proposed making preschool available to all 4- year-olds, negotiating a new trade agreement with the European Union and spending $50 billion on “urgent” infrastructure projects. He lauded steps by companies including Apple Inc (AAPL). and Ford Motor Co. (F) to bring jobs back to the U.S.

“It is our unfinished task to make sure that this government works on behalf of the many, and not just the few; that it encourages free enterprise, rewards individual initiative, and opens the doors of opportunity to every child across this great nation,” Obama said in the text of the speech delivered to a joint session of Congress.