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Food for Thought on the SOTU

by Pamela Leavey

The Campaign for America’s Future released the following data this evening about the State of the Union “By The Numbers.” It’s definately some food for thought for those of us who don’t buy into the lies

ON INCOMES:

–Inflation-adjusted average CEO pay at depth of recession in 2002: $7,773,000
–Average CEO pay as of 2004: $9,600,000
[Executive Pay, Business Week 4/21/2003; A Payday For Performance, Business Week 4/18/2005]

–Increase in productivity for 2005: +13.5 percent
–Percentage increase in average American CEO’s compensation since 2002: +24 percent
[Business Week, April 21, 2003; BLS, Labor Productivity and Costs]

–Inflation-adjusted median household income in 2000: $46,058
–Median household income in 2004: $44,389
[Historical Income Tables -Households, H-6 Table US Census]

–Decrease in median income from 2000-2004 in White households: $1,066
–Decrease in median income from 2000-2004 in Hispanic households: $2,141
–Decrease in median income from 2000-2004 in Black households: $2,407
[Historical Income Tables -Households, H-6 White, not Hispanic, Black, and Hispanic Tables, US Census]

ON JOBS:

–American manufacturing jobs in 2001: 17,101,000
–American manufacturing jobs in 2005: 14,283,000
[The Economic State Of The Union, Manufacturing & Technology News Jan. 19, 2006]

–Number of private sector jobs created since 2001 excluding those produced by increased military spending: -1,160,000
–Number of American manufacturing jobs lost since 2001: 2,818,000
[Economic Policy Institute, Sept. 3, 2005; Manufacturing & Technology News, Jan. 19, 2006]

–Average number of fewer hours per week parents have to spend with their kids today than 35 years ago: 22
–Percentage decrease in average American household income since 2000: -3 percent
[National Statistics, PBS- Hedrick Smith; US Census]

ON ENERGY:

–Average price of a gallon of gasoline in 2000: $1.51
–Average price of a gallon of gasoline in 2005: $2.28
[December 2005 Monthly Energy Review, Energy Information Administration, Dec. 22, 2005]

–Percentage increase in the price of a gallon of gasoline since 2000: +51 percent
–Percentage increase in the price of a gallon of home heating oil since 2000: +94 percent
[Energy Information Administration, Dec. 22, 2005; Energy Information Administration, Jan. 2006]

–Average price of a gallon of home heating oil, Winter of 1999-2000: $1.24
–Projected price of a gallon of home heating oil, Winter of 2005-2006: $2.41
[Selected U.S. Average Consumer: Table WF01, Energy Information Administration, Jan. 2006]

–Average increase in profits for oil companies in third quarter of 2005: +69 percent
–Amount of subsidies provided to oil industry in 2005 energy bill: $6 billion
[Star-Telegram, Oct. 26, 2005; Public Citizen Aug. 2005]

ON HEALTH CARE:

–Percentage of companies that provided health care to their employees in 2000: 69 percent
–Percentage of companies that provided health care to their employees in 2005: 60 percent
[The Kaiser Family Foundation, June 14, 2005]

–Number of Americans without health insurance in 2000: 39,800,000
–Number of Americans without health insurance as of 2004: 45,800,000
[U.S. Census Bureau, Sept. 30, 2002; U.S. Census Bureau Aug. 30, 2005.]

–Percentage of companies that provided healthcare insurance to their employees as of 2005: 60 percent
–Number of additional Americans without health insurance since 2000: 6,000,000
[The Kaiser Family Foundation, June 14, 2005; U.S. Census Bureau, Aug. 30, 2005]

ON COLLEGE COSTS:

–Average cost of yearly tuition at a 4-year public university in 2000: $7,020
–Average cost of yearly tuition at a 4-year public university in 2005: $10,982
[Chronicle of Higher Education, Oct. 27, 2000; The College Board, Oct.18, 2005]

–Average increase in yearly tuition costs for public university students since 2000: +$3,962
–Average loan burden a carried by student upon graduation as of 2003: $18,900
–Average increase families will pay in student loan interests due to Republican cuts in the 2006 education budget: $2,000 for students, $3,000 for parents
[Chronicle of Higher Education, Oct. 27, 2000; The College Board, Oct. 18, 2005; Nellie Mae Feb. 6, 2003; Wall Street Journal, Dec. 22, 2005]

ON RETIREMENT SECURITY:

–Americans working in private sector who can rely on a defined pension as of 2004: 6 percent
–Baby Boomers who believe they’re very prepared to meet living expenses of retirement as of 2005: 24 percent
[New York Times, Jan. 16, 2006; AllState, Oct. 4, 2005]

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