State of the Union 2010
The Challenge: Repair The Damage From A Lost Decade
Since 2000...
- One in three manufacturing jobs has been lost (from 17.3 million to 12 million); one in four goods-producing jobs have been lost (from 24.6 million to 18.9 million).
- The federal debt grew from $5 trillion to $11 trillion, without including the Recovery Act;
- Household incomes dropped four percent, while public college tuition rose 61 percent, health care premiums rose 70 percent, and regular gas went up 60 percent.

Growing Economic Inequality
- The real economy is shrinking, while the Wall Street sector grows. In 2007, 40 percent of America's corporate profits came from the financial sector.

- The economy grew during the Bush years … but most people didn't benefit. The top one percent of the population enjoyed 65 percent of the income growth.

- More Americans joined the ranks of the poor or near poor:
- 48% of these voters opposed the Senate's health reform proposal compared to only 32% who approved.
- But 36% said the Senate's reform didn't go far enough, compared to only 23% who said it went too far (the rest were unsure).
| Percentage of population at 125 percent of poverty or below: | |
| 2000 | 15.6 percent |
| 2008 | 17.9 percent |
The People Want Progressive Change





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