Obama claims the US economy is showing signs of recovery in his annual State of the Union address.

The transcript discusses the economic revival in Detroit, highlighting the positive impact of low interest and gas prices on the auto industry and consumer confidence. It notes the role of falling oil prices in boosting the US economy, making it more resilient to global economic shocks. President Obama is credited with aiding the recovery of the car industry and the broader economy. Despite these positive indicators, skepticism remains, particularly in Detroit, where some feel the economy will never return to its former state. Overall, US economic growth is accelerating faster than it has in over a decade.

What factors are contributing to the renewed confidence in the American economy, particularly in the automotive sector?

• Decreased consumer spending

• Low interest rates and gas prices

• Increased taxes and tariffs

• High interest rates and gas prices

How has the US economy managed to perform better than others globally?

• By increasing oil prices

• Through its size and resilience to global shocks

• By reducing the size of the automotive industry

• Through high inflation rates

What role did President Obama play in the economic recovery?

• He increased taxes on the automotive industry

• He saved the US car industry

• He increased oil prices

• He reduced consumer confidence

What is the general sentiment among Americans regarding the economic recovery?

• They are unaware of the recovery

• They are generally confident

• They are indifferent

• They are very pessimistic

What is the perspective of some local business owners on the economic recovery?

• They think it will decline further

• They are skeptical and believe it won't be the same

• They believe it will return to its former glory

• They are optimistic about immediate improvements