starts small business, it is an act of home and madam vice president, i want to thank you for leading that effort to ensure small business have access to capital and historic laws we enacted that will come into being. standing here last year, i shared with you story of american genius and possibilities, semiconductors, small computer chips the size of a finger print that power cell phones to automobiles and so much more, the chips were invented in america, let s get that straight, they were invented in eshg america. we used to 40% of the number, now we are down to 10%. we saw what happened when chip factories shut down overseas, today s automobiles need 3000 chips for automobiles, american
ago,. two years ago, covid had shut down, our businesses were closed and schools and we were closed and schools and we were robbed of so much. today covid no longer controls our lives and two years ago democracy faces its greatest threat in civil war and today the debt although bruce, democracy remains unbowed and unbroken. , unbroken. cheering. bruised. unbroken. cheering. bruised. as - unbroken. cheering. bruised. as we i unbroken. cheering. i bruised. as we gather unbroken. cheering. - bruised. as we gather here toniuht, bruised. as we gather here tonight, writing bruised. as we gather here tonight, writing the bruised. as we gather here tonight, writing the next - tonight, writing the next chapter in the great american story, a story of progress and resilience and when world leaders ask me to define america, and they do believe me or not, i define it in one word, possibilities. we do not think anything is beyond our capacity, everything is a possibility. we ar
food inflation is coming down, inflation falling every month for the last six months. take home pay has gone up. additionally, over the last two years, 10 million americans applied to start new businesses. 10 million. by the way, every time, every time somebody starts a small business is an act of hope. madam vice president, i want to thank you for leading that effort to ensure the small businesses have access to capital, and the historic laws enacted that are going to come into this. standing here last year, i shared with you a story of american genius and possibilities. semiconductors, small computer chips the size of a fingerprint. a power everything from cell phones, automobiles, and so much more. these chips were invented in
pelosi. cheering. folks. pelosi. cheering. folks, the - pelosi. cheering. folks, the story i pelosi. cheering. folks, the story ofj pelosi. cheering. - folks, the story of america pelosi. cheering. folks, the story of america is a story of progress and resilience. always moving forward, i ve never ever giving up. it is a story unique among all nations, we are the only country that has emerged from every crisis we have ever entered stronger than we got into look, folks, that is what we re doing again. two years ago the economy is reeling and i stand here tonight after we have created with the help of many people in this room, 12 million newjobs, morejobs created in two years then any president created in four years because of you all, because of the american people. two years