Obama Vows to Act Alone on the Economy

NEW YORK TIMES: …Promising “a year of action” as he tries to rejuvenate a presidency mired in low approval ratings and stymied by partisan stalemates, Mr. Obama used his annual State of the Union address to chart a new path forward relying on his own executive authority. But the defiant “with or without Congress” approach was more assertive than any of the individual policies he advanced.

“I’m eager to work with all of you,” a confident Mr. Obama told lawmakers of both parties in the 65-minute nationally televised speech in the House chamber. “But America does not stand still — and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”…

To do so, the president announced an executive order raising the minimum wage to $10.10 an hour for future federal contract workers and the creation of a new Treasury savings bond for workers without access to traditional retirement options. He proposed incentives for trucks running on alternative fuels and higher efficiency standards for those running on gasoline. And he announced a meeting on working families and a review of federal job training programs… (more)

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