Obama focuses on jobs, economy in first State of the Union address

U.S. President Barack Obama put jobs and the economy at the heart of his first State of the Union address, a speech that dealt mostly with domestic issues. Of the money banks repaid for their bailouts, $30 billion should be put into a program to help community banks loan to small businesses, he said. Obama called for a tax credit for small businesses that hire or raise employees' pay. Mark Zandi, chief economist at Moody's Economy.com, singled out the tax credit for praise, saying it "could be a substantial game-changer."

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