
In his January 25 State of the Union address, US President Barack Obama called for a freeze on government spending and for lowering the corporate tax rate.
In response, Reuters reported on January 26, the US stock index figures rose.
Meanwhile, the situation for US workers and poor remains dire. A January 14 Socialist Project article explained that, “as of November the slump in U.S. housing prices had surpassed that of the 1930s. For 53 consecutive months American home prices have fallen.