Excerpts of the President’s State of the Union Address

BY Christina Bellantoni  January 24, 2012 at 6:00 PM EST

President Obama delivers his 2011 State of the Union address; file photo by Brendan Smialowski/Getty Images

President Obama will stress fairness as a way to strengthen the economy during his State of the Union address Tuesday night, according to excerpts released by the White House.

Mr. Obama will say that a critical challenge is to restore an economy “where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules.”

“What’s at stake are not Democratic values or Republican values, but American values. We have to reclaim them,” Mr. Obama planned to say.

According to the excerpts, the president will say the government and financial system should join the “[m]illions of Americans who work hard and play by the rules every day.”

“It’s time to apply the same rules from top to bottom: No bailouts, no handouts, and no cop-outs. An America built to last insists on responsibility from everybody,” he will say, according to the excerpts.

Mr. Obama will offer a pointed critique of Republicans in Congress, and say that over the next year he will “fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place.”

Those policies, he will say, include “an economy weakened by outsourcing, bad debt, and phony financial profits.” Instead, he will say, he plans to outline moving the nation forward with “a blueprint for an economy that’s built to last – an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.”

“Think about the America within our reach: A country that leads the world in educating its people,” the president planned to say. “An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.”

These excerpts are as prepared for delivery and released by the White House:

“Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.”

“….The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. What’s at stake are not Democratic values or Republican values, but American values. We have to reclaim them.”

“As long as I’m President, I will work with anyone in this chamber to build on this momentum. But I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place.

No, we will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits. Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that’s built to last – an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.”

“Let’s never forget: Millions of Americans who work hard and play by the rules every day deserve a government and a financial system that does the same. It’s time to apply the same rules from top to bottom: No bailouts, no handouts, and no copouts. An America built to last insists on responsibility from everybody.”

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