State of the Union

For those of you who missed the State of the Union address, I’ve got it for you.

A few facts about the SOTU:

• Since the last SOTU, the economy has created 1.9 million private sector jobs. [Source]

• The top one percent take home 24 percent of the nation’s income, up from about nine percent in 1976. [Source]

• Private sector job creation under Obama in 2011 was larger than seven out of the eight years Bush was president. [Source]

• The top one percent of Americans own 40 percent of our country’s wealth, while the bottom 80 percent owns only seven percent. [Source]

• Thanks to the Affordable Care Act, 2.5 million young adults gained health insurance. [Source]

• For every one job opening, there are four people looking for work. [Source]

• Last year, China spent nine percent of its GDP on infrastructure. The U.S. spent 2.5 percent. [Source]

• 2.65 million seniors saved an average of $569 on prescriptions last year thanks to the Affordable Care Act. [Source]

• “In 2011, the United States killed Al Qaeda’s most effective propagandist, Anwar al-Awlaki; its operating chief, Atiyah Abd al-Rahman; and of course its founder, chief executive and spiritual leader, Osama bin Laden.” [Source]

• Union membership is at a 70-year low. [Source]

• Unemployment benefits have lifted 3.2 million people out of poverty. [Source]

• The United States used to have the world’s largest percentage of college graduates. We’re now #14. [Source]

• One quarter of all contributions to federal campaigns come from 0.01 percent of Americans. [Source]

• 47.8 percent of households that receive food stamps are working, because having a job is not enough to keep them out of poverty. [Source] (A friend of mine asked me about how many of our military families are on food stamps. I don’t have that answer, but usage of food stamps is clearly up in the military.)

• In the last three years, 30 major corporations spent more on lobbying than they paid in taxes. [Source]

• 50 percent of U.S. workers make less than $26,364 per year. [Source]

• More than one in 70 homes faced foreclosure last year. [Source]

• Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29 percent to 18 percent. [Source]