Obama SOTU Excerpts Reveal 'Blueprint' for Economy Where 'Everyone Does Their Fair Share

Excerpts released of President Obama's State of the Union address reveal his plan for a new American economy that he claims must be "built to last" through government and financial systems that will ensure "everyone does their fair share."

"We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share," Obama is slated to say.

Fox News reports:

Borrowing the motto from General Motors, the president is to call for restoring the economy and an end to favoritism. In a sampling of remarks released ahead of the address, Obama says it's time to end a system that benefits those who know how to game it -- whether the biggest company or the lowliest worker.

"Let's never forget: Millions of Americans who work hard and play by the rules every day deserve a government and a financial system that does the same.  It's time to apply the same rules from top to bottom: No bailouts, no handouts, and no copouts. An America built to last insists on responsibility from everybody," the president is expected to say.

According to the excerpts, Obama is to say that the "defining issue of our time" is keeping alive the American dream alive:

"The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. What's at stake are not Democratic values or Republican values, but American values. We have to reclaim them."

Fox reports that Obama is also expected to say that while he will cooperate with Congress, he will not let Republicans stand in the way of implementing his plans:

"I intend to fight obstruction with action," he will say, adding that policies that he claims led to the economic crisis -- outsourcing, bad debt and phony financial profits -- must end and a blueprint be devised for an economy "built to last."

"Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we're in control of our own energy, and our security and prosperity aren't so tied to unstable parts of the world. An economy built to last, where hard work pays off and responsibility is rewarded," he is expected to say.

The preview of Obama's speech was reportedly foreshadowed by comments from presidential aides who claim the president is focused on manufacturing, energy, "skills for American workers and a renewal of American values."