President Obama's tax proposals are weak on details

President Obama in the oval office
President Obama in the oval office

On the day before President Obama delivers his State of the Union address, there is some good news to be had: The Dow is up. The NASDAQ is up. The S&P is up. Even the dollar is up.

But those indicators mask a much grimmer reality: Unemployment remains high. The housing market is down. And consumer spending remains flat.

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