State of the Union 2008

WASHINGTON — President Bush is expected to address problems in the nation’s economy while hailing the state of the union as strong tonight, but for Americans worrying about how to make ends meet, the country is headed in the wrong direction, according to numbers compiled today by the Campaign for America’s Future.

ON INCOMES:

– Median household income in 2000 (inflation-adjusted): $49,158
— Median household income in 2006: $48,201
— 8-year increase in median household income in 2001: $6,000
— 6-year decrease in median household income in 2007: $1,100
[U.S. Census Bureau, 2000 – 2007]

– Salary of a full-time minimum wage employee without vacation: $12,168
— Average salary of a CEO of one of America’s top 500 companies: $15.2 million
[Forbes Magazine, May 3, 2007]

– Number of Americans living in poverty in 2001: 31.6 million
— Number of Americans living in poverty in 2008: 36.5 million
[U.S. Census Bureau, Aug. 2007]

— Amount more Americans earned than spent in 2001: +2.3 percent
— Amount less Americans are earning than spending in 2008: -0.5 percent
[Bureau of Economic Analysis]

– Total consumer credit debt in 2001: $7.65 trillion
— Total consumer credit debt in 2008: $12.8 trillion
[Insurance Information Institute]

– Decrease in median income from 2000-2006 in White American households: $745
— Decrease in median income from 2000-2006 in African American households: $2,766
— Decrease in median income from 2000-2006 in Hispanic American households: $1,043
— Decrease in median income from 2000-2006 in Asian American households: $1,381
[U.S. Census Bureau. Aug. 2007]

– Median income of African American households in 2006: $31,969
— Median income of Hispanic American households in 2006: $37,781
— Median income of White American households in 2006: $50,673
— Median income of Asian American households in 2006: $63,900
[U.S. Census Bureau. Aug. 2007]

– African Americans living in poverty in 2006: 24.3 percent
— Hispanic Americans living in poverty in 2006: 20.6 percent
— Asian Americans living in poverty in 2006: 10.1 percent
— White Americans living in poverty in 2006: 8.2 percent
[U.S. Census Bureau. Aug. 2007]

ON HOUSING:

– Percentage increase in home foreclosures in the last year: 68
[RealtyTrac. Dec. 19, 2007]

ON JOBS:

– Total number of American manufacturing jobs in 2000: 17,263,000
— Total number of American manufacturing jobs in 2006: 14,197,000
— Number of American manufacturing jobs lost between 2000 and 2006: 3,066,000
[Bureau of Labor Statistics]

– Yearly average number of new private sector jobs created from 1992-2000: 1.76 million
— Yearly average number of new private sector jobs created from 2001-2008: 369,000
[Bureau of Labor Statistics]

– Jobless African American workers in Dec. 2007: 9.0 percent
— Jobless Hispanic American workers in Dec. 2007: 6.3 percent
— Jobless White American workers in Dec. 2007: 4.4 percent
— Jobless Asian American workers in Dec. 2007: 3.7 percent
[U.S. Department of Labor Employment Situation Summary, Jan. 4, 2008]

ON ENERGY:

– Average price of a gallon of home heating oil in Jan. 2000: $1.40
— Average price of a gallon of home heating oil in Jan. 2008: $3.39
[U.S. Energy Information Administration]

– Average price of a gallon of gas in Jan. 2000: $1.59
— Average price of a gallon of gas in Jan. 2008: $3.14
[U.S. Energy Information Administration]

– Increase in the average price of home heating oil since Jan. 2000: +142 percent
— Increase in the average price of gas since Jan. 2000: +98 percent

– Price of a gallon of home heating oil in the winter of 2001-2002 (inflation adjusted): $1.36
— Projected price of a gallon of home heating oil in the winter of 2007-2008: $3.32
[Energy Administration, Jan. 2008]

– Amount of U.S. liquid fuel consumption that was imported in 2001: 52.75 percent
— Amount of U.S. liquid fuel consumption that is imported in 2008: 60.38 percent
[U.S. Energy Information Administration]

– Exxon Mobil profits in 2000: $7.9 billion
— Exxon Mobil profits in 2006: $36.1 billion
— Exxon Mobil’s profit per second during the second quarter of 2006: $1,318
[CNNMoney.com, July 27, 2006; Fortune500 2006]

ON HEALTHCARE:

– Americans without health insurance in 2000: 38.4 million
— Americans without health insurance in 2006: 46.9 million
[U.S. Census Bureau, Aug. 2007]

– Decrease over 2 years in the number of uninsured Americans in 2001: 4.5 million
— Increase over 6 years in the number of uninsured Americans in 2008: 8.5 million
[U.S. Census Bureau, Aug. 2007]

– Number of children without health insurance: 8.7 million
— Number of times President Bush vetoed additional health insurance for children: 2
[U.S. Census Bureau, Aug. 2007]

– Americans receiving employment-based health insurance in 2000: 64.2 percent
— Americans receiving employment-based health insurance in 2006: 59.7 percent
[U.S. Census Bureau, Aug. 2007]

– Annual cost of family health insurance premiums in 2000 (inflation adjusted): $7,643
— Annual cost of family health insurance premiums in 2006: $11,480
[Kaiser Family Foundation and Health Research and Educational Trust]

– Uninsured White Americans in 2006: 10.8 percent
— Uninsured African Americans in 2006: 20.5 percent
— Uninsured Asians Americans in 2006: 15.5 percent
— Uninsured Hispanic Americans in 2006: 34.1 percent
[U.S. Census Bureau, Aug. 2007]

ON COLLEGE COSTS:

– Average cost per year at a public four-year college in 2000: $10,153
— Average cost per year at a public four-year college in 2006: $13,089
[CollegeBoard, 2007]

– Average yearly change in tuition costs for public four-year college since 2000: +29 percent
— Average percent change in median household income during same period: -2 percent
— Average debt shouldered by 2006 college graduates: $21,000
[The Project on Student Debt, Sept. 2007]

ON IRAQ AND THE MILITARY:

– Number of U.S. troops killed in Iraq before the “Mission Accomplished” speech in 2003: 139
— Number of US troops killed in Iraq as of Jan. 2008: 3,907
— Number of Iraqi deaths after U.S. invasion: 1,139,602
[iCasualties.org., Jan. 3, 2008]

– Number of US troops wounded in Iraq before the “Mission Accomplished” speech: 542
— Number of U.S. troops wounded in Iraq as of Jan. 2008: 28,661
[iCasualties.org, Jan. 3, 2008]

– Amount of total world military spending spent by U.S.: 47 percent
[Center for Arms Control and Non-Proliferation]

– Total U.S. military expenditures requested for 2008: $644 billion
— Total military expenditures of the 10 next top spending countries combined: $446.1 billion
[Center for Arms Control and Non-Proliferation. Includes China, Russia, U.K., France, Japan, Germany, Saudi Arabia, South Korea, India and Brazil, Feb. 5, 2007]

– U.S. military base budget in 2001: $297.1 billion
— US pending military base budget 2008, not including Iraq and Afghanistan: $481.4 billion
[White House Office of Management and Budget, Feb. 5, 2007]

– U.S. budget spent on military not including Iraq in 2007: 50 percent
— U.S. budget spent on education in 2007: 6.2 percent
[White House Office of Management and Budget, Feb. 6, 2006.]

– Number of active duty army divisions rated at the highest readiness levels in 2001: All
— Number of active duty or reserve brigade in the U.S. considered fully combat ready: 0
[Speaker of the House, Nov. 29, 2007]

ON DEBTS AND DEFICITS:

– The national debt in 2001: $5.7 trillion
— The national debt in Jan. 2008: $9.2 trillion
[U.S. Dept. of the Treasury]

– Monthly U.S. trade deficit in Oct. 2000: $33.8 billion
— Monthly U.S. trade deficit in Oct. 2007: $57.8 billion
— U.S. trade deficit in 2000: $380 billion
— U.S. trade deficit in 2007: $759 billion
[U.S. Census Bureau, Dec. 12, 2007]

– Value of one Euro in Jan. 2000: $1.01
— Value of one Euro in Jan. 2008: $1.45
— Loss of value of the Dollar relative to the Euro from Jan. 2000 to Jan. 2008: 45 percent
[Federal Reserve Statistical Release]

– Value of an ounce of gold in 2000 (inflation adjusted): $319
— Value of an ounce of gold in 2008: $892
[GoldPrice.org, Jan. 22 2008]

– U.S. budget surplus in 2000: +$236 billion
— U.S. budget deficit in 2007: -$354 billion
[House Office of Management and Budget]

ON PRODUCT AND FOOD SAFETY:

– Increase in consumer product safety spending from 2000 to 2006: 9 percent
— Increase in number of U.S. imports from 2000 to 2006: 30 percent
[Consumer Federation of America]

– Increase in the number of federal food inspections from 2000 to 2006: 8 percent
— Percentage increase in number of agricultural imports from 2000 to 2006: 39 percent
— Number of cases of food borne disease outbreaks in 2006: 25,659
[U.S. Dept. of Agriculture, Food & Drug Administration, Center for Disease Control]

ON WORLD OPINION:

– Number of people abroad who viewed America favorably in 2001: 58.3 percent
— Number of people abroad who viewed America favorably in 2007: 39.2 percent
[Pew Research Center]

– Number of people in Great Britain who viewed America favorably in 2001: 83 percent
— Number of people in Great Britain who viewed America favorably in 2007: 56 percent
[Pew Research Center]

– Number of people in Indonesia who viewed America favorably in 2001: 75 percent
— Number of people in Indonesia who viewed America favorably in 2007: 30 percent
[Pew Research Center]

– Number of people in Germany who viewed America favorably in 2001: 78 percent
— Number of people in Germany who viewed America favorably in 2007: 37 percent
[Pew Research Center]