The economic news from President Obama's State of the Union address [Tuesday night] is good: "Our economy is growing and creating jobs at the fastest pace since 1999."
In fact, over the past five years, American businesses have created more than 11 million new jobs. That 58-month streak of job creation is the longest on record, and since 2010, we have put more people back to work than all of the advanced economies of the world combined. The economic growth reported for the 3rd quarter of 2014? The strongest in more than a decade. And our federal deficit? Cut by two-thirds.
As the President said, "The verdict is clear. Middle-class economics works. Expanding opportunity works."
Good news indeed, but no one at DOT is confusing that good news as a sign that we can afford to rest. Because we cannot; we can't rest on transportation, and we can't rest on opportunity. As President Obama pointed out, "No one knows for certain which industries will generate the jobs of the future. But we do know we want them here in America."
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