Wednesday, February 22, 2012
Gas Prices
I just heard an interesting news story on NPR about why gas prices are going up. No, they didn't blame the President so settle down. Yes, the sanctions in place to hamper Iran from exporting its oil has lowered global supply, but it turns out the U.S. is actually exporting more oil than we're importing because of the low cost of natural gas in the U.S. Additionally, they said a bunch of oil refineries have closed this year. Quite interesting.
Monday, February 13, 2012
State of the Union Facts
Does anyone know how to fact check any of these?
• Since the last SOTU, the economy has created 1.9 million private sector jobs.
• The top 1 percent take home 24 percent of the nation’s income, up from about 9 percent in 1976.
• Private sector job creation under Obama in 2011 was larger than seven out of the eight years Bush was president.
• The top 1 percent of Americans own 40 percent of our country’s wealth while the bottom 80 percent owns only 7 percent.
• Thanks to the Affordable Care Act, 2.5 million young adults gained health insurance.
• For every one job opening, there are four people looking for work.
• Last year, China spent 9 percent of its GDP on infrastructure. The U.S. spent 2.5 percent.
• 2.65 million seniors saved an average of $569 on prescriptions last year thanks to the Affordable Care Act.
• Union membership is at a 70-year low. • Unemployment benefits have lifted 3.2 million people out of poverty.
• The United States used to have the world’s largest percentage of college graduates. We’re now #14.
• One quarter of all contributions to federal campaigns come from 0.01 percent of Americans.
• 47.8 percent of households that receive food stamps are working, because having a job is not enough to keep them out of poverty.
• In the last three years, 30 major corporations spent more on lobbying than they paid in taxes.
• 50 percent of U.S. workers make less than $26,364 per year.
• More than one in 70 homes faced foreclosure last year.
• Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29 percent to 18 percent.
• Since the last SOTU, the economy has created 1.9 million private sector jobs.
• The top 1 percent take home 24 percent of the nation’s income, up from about 9 percent in 1976.
• Private sector job creation under Obama in 2011 was larger than seven out of the eight years Bush was president.
• The top 1 percent of Americans own 40 percent of our country’s wealth while the bottom 80 percent owns only 7 percent.
• Thanks to the Affordable Care Act, 2.5 million young adults gained health insurance.
• For every one job opening, there are four people looking for work.
• Last year, China spent 9 percent of its GDP on infrastructure. The U.S. spent 2.5 percent.
• 2.65 million seniors saved an average of $569 on prescriptions last year thanks to the Affordable Care Act.
• Union membership is at a 70-year low. • Unemployment benefits have lifted 3.2 million people out of poverty.
• The United States used to have the world’s largest percentage of college graduates. We’re now #14.
• One quarter of all contributions to federal campaigns come from 0.01 percent of Americans.
• 47.8 percent of households that receive food stamps are working, because having a job is not enough to keep them out of poverty.
• In the last three years, 30 major corporations spent more on lobbying than they paid in taxes.
• 50 percent of U.S. workers make less than $26,364 per year.
• More than one in 70 homes faced foreclosure last year.
• Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29 percent to 18 percent.
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