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Facts to Know Before the State of the Union Address

 
 
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 Tonight, President Barack Obama will deliver his third State of the Union address before a joint session of Congress. The Republican response will be given by Indiana Gov. Mitch Daniels. Before you watch the speeches, get the facts:

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

• The top 1 percent take home 24 percent of the nation’s income, up from about 9 percent in 1976. [Source]

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

• The top 1 percent of Americans own 40 percent of our country’s wealth while the bottom 80 percent owns only 7 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 9 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]

• 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]

*All statistics use the most recent data we could identify

 

 

Think Progress / By Judd Legum

Posted at January 24, 2012, 5:51am

 
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