rewoo/sotu_qa_2023 · Datasets at Hugging Face

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Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies.

But we’re better positioned than any country on Earth.

We have more to do, but here at home, inflation is coming down.

Here at home, gas prices are down $1.50 a gallon since their peak.

Food inflation is coming down.

Inflation has fallen every month for the last six months while take home pay has gone up.

Additionally, over the last two years, a record 10 million Americans applied to start a new small business.

Every time somebody starts a small business, it’s an act of hope.

And the Vice President will continue her work to ensure more small businesses can access capital and the historic laws we enacted.

Standing here last year, I shared with you a story of American genius and possibility.

Semiconductors, the small computer chips the size of your fingertip that power everything from cellphones to automobiles, and so much more. These chips were invented right here in America.

America used to make nearly 40% of the world’s chips.

But in the last few decades, we lost our edge and we’re down to producing only 10%. We all saw what happened during the pandemic when chip factories overseas shut down.

Today’s automobiles need up to 3,000 chips each, but American automakers couldn’t make enough cars because there weren’t enough chips.

Car prices went up. So did everything from refrigerators to cellphones.

We can never let that happen again.

That’s why we came together to pass the bipartisan CHIPS and Science Act.

We’re making sure the supply chain for America begins in America.

We’ve already created 800,000 manufacturing jobs even without this law.

With this new law, we will create hundreds of thousands of new jobs across the country.

That’s going to come from companies that have announced more than $300 billion in investments in American manufacturing in the last two years.

Outside of Columbus, Ohio, Intel is building semiconductor factories on a thousand acres – a literal field of dreams.

That’ll create 10,000 jobs. 7,000 construction jobs. 3,000 jobs once the factories are finished.

Jobs paying $130,000 a year, and many don’t require a college degree.

Jobs where people don’t have to leave home in search of opportunity.

And it’s just getting started.

Think about the new homes, new small businesses, and so much more that will come to life.

Talk to mayors and Governors, Democrats and Republicans, and they’ll tell you what this means to their communities.

We’re seeing these fields of dreams transform the heartland.

But to maintain the strongest economy in the world, we also need the best infrastructure in the world.

We used to be #1 in the world in infrastructure, then we fell to #13th.

Now we’re coming back because we came together to pass the Bipartisan Infrastructure Law, the largest investment in infrastructure since President Eisenhower’s Interstate Highway System.

Already, we’ve funded over 20,000 projects, including at major airports from Boston to Atlanta to Portland.

These projects will put hundreds of thousands of people to work rebuilding our highways, bridges, railroads, tunnels, ports and airports, clean water, and high-speed internet across America.

Urban. Suburban. Rural. Tribal.

And we’re just getting started. I sincerely thank my Republican friends who voted for the law.

And to my Republican friends who voted against it but still ask to fund projects in their districts, don’t worry.

I promised to be the president for all Americans.

We’ll fund your projects. And I’ll see you at the ground-breaking.

This law will help further unite all of America.

Major projects like the Brent Spence bridge between Kentucky and Ohio over the Ohio River. Built 60 years ago. Badly in need of repairs.

One of the nation’s most congested freight routes carrying $2 billion worth of freight every day. Folks have been talking about fixing it for decades, but we’re finally going to get it done.

I went there last month with Democrats and Republicans from both states to deliver $1.6 billion for this project.

While I was there, I met an ironworker named Sara, who is here tonight.

For 30 years, she’s been a proud member of Ironworkers Local 44, known as the “cowboys of the sky” who built the Cincinnati skyline.

Sara said she can’t wait to be ten stories above the Ohio River building that new bridge. That’s pride.

That’s what we’re also building – Pride.

We’re also replacing poisonous lead pipes that go into 10 million homes and 400,000 schools and childcare centers, so every child in America can drink clean water.

We’re making sure that every community has access to affordable, high-speed internet.

No parent should have to drive to a McDonald’s parking lot so their kid can do their homework online.

Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies.

But we’re better positioned than any country on Earth.

We have more to do, but here at home, inflation is coming down.

Here at home, gas prices are down $1.50 a gallon since their peak.

Food inflation is coming down.

Inflation has fallen every month for the last six months while take home pay has gone up.

Additionally, over the last two years, a record 10 million Americans applied to start a new small business.

Every time somebody starts a small business, it’s an act of hope.

And the Vice President will continue her work to ensure more small businesses can access capital and the historic laws we enacted.

Standing here last year, I shared with you a story of American genius and possibility.

Semiconductors, the small computer chips the size of your fingertip that power everything from cellphones to automobiles, and so much more. These chips were invented right here in America.

America used to make nearly 40% of the world’s chips.

But in the last few decades, we lost our edge and we’re down to producing only 10%. We all saw what happened during the pandemic when chip factories overseas shut down.

Today’s automobiles need up to 3,000 chips each, but American automakers couldn’t make enough cars because there weren’t enough chips.

Car prices went up. So did everything from refrigerators to cellphones.

We can never let that happen again.

That’s why we came together to pass the bipartisan CHIPS and Science Act.

We’re making sure the supply chain for America begins in America.

We’ve already created 800,000 manufacturing jobs even without this law.

With this new law, we will create hundreds of thousands of new jobs across the country.

That’s going to come from companies that have announced more than $300 billion in investments in American manufacturing in the last two years.

Outside of Columbus, Ohio, Intel is building semiconductor factories on a thousand acres – a literal field of dreams.

That’ll create 10,000 jobs. 7,000 construction jobs. 3,000 jobs once the factories are finished.

Jobs paying $130,000 a year, and many don’t require a college degree.

Jobs where people don’t have to leave home in search of opportunity.

And it’s just getting started.

Think about the new homes, new small businesses, and so much more that will come to life.

Talk to mayors and Governors, Democrats and Republicans, and they’ll tell you what this means to their communities.

We’re seeing these fields of dreams transform the heartland.

But to maintain the strongest economy in the world, we also need the best infrastructure in the world.

We used to be #1 in the world in infrastructure, then we fell to #13th.

Now we’re coming back because we came together to pass the Bipartisan Infrastructure Law, the largest investment in infrastructure since President Eisenhower’s Interstate Highway System.

Already, we’ve funded over 20,000 projects, including at major airports from Boston to Atlanta to Portland.

These projects will put hundreds of thousands of people to work rebuilding our highways, bridges, railroads, tunnels, ports and airports, clean water, and high-speed internet across America.

Urban. Suburban. Rural. Tribal.

And we’re just getting started. I sincerely thank my Republican friends who voted for the law.

And to my Republican friends who voted against it but still ask to fund projects in their districts, don’t worry.

I promised to be the president for all Americans.

We’ll fund your projects. And I’ll see you at the ground-breaking.

This law will help further unite all of America.

Major projects like the Brent Spence bridge between Kentucky and Ohio over the Ohio River. Built 60 years ago. Badly in need of repairs.

One of the nation’s most congested freight routes carrying $2 billion worth of freight every day. Folks have been talking about fixing it for decades, but we’re finally going to get it done.

I went there last month with Democrats and Republicans from both states to deliver $1.6 billion for this project.

While I was there, I met an ironworker named Sara, who is here tonight.

For 30 years, she’s been a proud member of Ironworkers Local 44, known as the “cowboys of the sky” who built the Cincinnati skyline.

Sara said she can’t wait to be ten stories above the Ohio River building that new bridge. That’s pride.

That’s what we’re also building – Pride.

We’re also replacing poisonous lead pipes that go into 10 million homes and 400,000 schools and childcare centers, so every child in America can drink clean water.

We’re making sure that every community has access to affordable, high-speed internet.

No parent should have to drive to a McDonald’s parking lot so their kid can do their homework online.