Wednesday, February 15, 2006

You Heard the Lies During the State of the Union Speech. Now Here's the Truth


Inflation-adjusted median household income in 2000: $46,058
Inflation-adjusted median household income in 2004: $44,389

(Source: Historical Income Table--US Census Bureau)

Decrease in median household income from 2000-2004 in White households: $1066
Decrease in median household income from 2000-2004 in Hispanic households: $2,141
Decrease in median household income from 2000-2004 in Black households: $2,407

(Source: Historical Income Tables--US Census Bureau)

American manufacturing jobs in 2001: 17,101,000
American manufacturing jobs in 2005: 14,283,000

(Source: "The State of the Economic Union," Manufacturing and Technology News, Jan, 19, 2006)

Number of private sector jobs created since 2001, excluding those produced by increase military spending: 1,160,000
Number of American manufacturing jobs lost since 2001: 2,818,000

(Source: "The State of the Economic Union," Manufacturing and Technology News, Jan, 19, 2006)

Inflation adjusted average CEO pay at depth of recession in 2002 $7,773,000
Inflation adjusted average CEO pay as of 2004: $9,600,000

(Source: "Executive Pay" Business Week April 18, 2005)

Percentage increase in average American CEO's compenstation since 2002: 24%
(Source: Business Week April 21, 2003)

Increase in American worker productivity for 2005: 13.5%
(Source: Bureau of Labor Productivity and Costs)

Average number of fewer hours per week parents have to spend with their kids today than 25 years ago: 22.

Percentage decrease in average American household income since 2000: -3%
(Source: National Statistics: US Census)

Percentage of companies that provided health care to their employees in 2000: 69%
Percentage of companies that provided health care to their employees in 2005: 60%
(Source: The Kaiser Family Foundation, June 14, 2005)

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