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I think the biggest difference between today and the early '80s is the jobs market, which is just on fire right now. unemployment rate down to 4% right now. back then, it was almost -- it was actually more than double that. it was 8.6%. inequality is one area where today's economy doesn't look as good, actually, as it did then. top 1% in 1989, which is as far back as we can go for these stats, the top 1% owned four times more wealth than the bottom 50%. today, the top 1% owns 12 times more. so the fact that inequality is getting worse certainly is not helping the mood of the economy right now....

Tonight, i am announcing that we will join our allies in closing off american airspace to all russian flights, further isolating russia. creating an additional squeeze on the economy. >> unlike the tax cut passed in the previous administration, that benefited the top 1% of the administration, the american rescue plan will help working people who have left no one behind. >> we are done talking about infrastructure weeks, we are now talking about an infrastructure decade. >> in my administration, the watchdogs are back. i'm announcing that the justice department will soon name a chief prosecutor...

The people just a little bit of breathing room. unlike the 2 trillion-dollar tax cut past in the previous administration, that benefited the top 1% of americans, the american rescue plan helped working people and left no one behind. [cheers and applause] and it worked. it worked. it worked. we created jobs got lots of jobs. in fact, our economy created over 6.5 million new jobs just last year. more jobs in one-year than i were before in the history of united states of america.

Intense volatility in the oil markets partly because moscow provides 10% of the world's oil and more than one-third of the european union's natural gas. apple, ford motor and dell jek tis joining the growing list of countries retreating from russia. exxon said yesterday it was halting operations at a major gas project in russia and would make no further investments in the country following its invasion of ukraine. meanwhile on wall street, the dow dropped nearly 600 points in yesterday's trading. president biden used his state of the address last night to criticize the previous administratio...

Previous administration that benefited the top 1% of americans,... the american americans, . .. the american rescue americans,... the american rescue plan helped working people and left no—one behind. cheering and applause. and it worked! it worked! cheering and applause. it worked. it created jobs. lots ofjobs. in fact, our economy created over 6.5 million newjobsjust our economy created over 6.5 million newjobs just last year... cheering and applause. morejobs in one year than ever before in the history of the united states of america! the economy grew at a rate of 5.7 last year, the stron...