Well, there's the economy. The economy was pretty good for the first six
years of the Bush administration, in spite of 9-11, Katrina, the war, etc.
Then the Democrats took over. It's only taken them 18 months to fuck it up -
housing mess, oil prices, opera tickets.
Close enough . Here's what he DID say.
GORE: Well, I will be offering -- I'll be offering my vision when my
campaign begins. And it will be comprehensive and sweeping. And I hope that
it will be compelling enough to draw people toward it. I feel that it will
But it will emerge from my dialogue with the American people. I've traveled
to every part of this country during the last six years. During my service
in the United States Congress, I took the initiative in creating the
Internet. I took the initiative in moving forward a whole range of
initiatives that have proven to be important to our country's economic
growth and environmental protection, improvements in our educational system.
During a quarter century of public service, including most of it long before
I came into my current job, I have worked to try to improve the quality of
life in our country and in our world. And what I've seen during that
experience is an emerging future that's very exciting, about which I'm very
optimistic, and toward which I want to lead.
Well, any pol in the neighborhood can say they "took the initiative",
many others, in building
some monster - interstate highway system, hospital, stadium, etc. Only
they were involved in facilitating. I don't believe Gore ever meant to
created it. Ike took the initiative in building interstate highway sys,
didn't build it.
Since Gore was the main force in Congress for Fedeal involvement to
expand the Arpanet into what back then was referred to as the "Information
Superhighway", I see the "I Invented the Internet" exaggeration to be
mostly exaggeration by opponents of Gore.
Snopes.com even has an article on this, titled "Internet of Lies"!
Sounds good but . . . .
I read this yesterday
from: <http://www.irs.gov/pub/irs-soi/06in01etr.xls ,
for tax year 2006:
Top Total Income Tax Revenue (%) Adjusted Gross Income Share (%)
50% 97.01 87.49
25% 86.27 68.16
10% 70.79 47.32
5% 60.14 36.66
1% 39.89 22.06
So, from the IRS data: the bottom 50% are making 12.5% of adjusted gross
income and paying less than 3% of all income taxes while the top 1% are
making 22% of adjusted gross income while paying nearly 40% of all federal
Oh, and just to further emphasize how the Bush tax cuts have so benefited
the rich, the following are the data for the tax years from 2000 to 2006
Year Total Income Tax (%) AGI Share (%) Ratio (Tax/AGI)
2000 37.42 20.81 1.80
2001 33.89 17.53 1.93
2002 33.71 16.12 2.09
2003 34.27 16.77 2.04
2004 36.89 19.00 1.94
2005 39.38 21.20 1.86
2006 39.89 22.06 1.81
So, despite the "massive tax cuts to benefit the wealthy", the % share of
taxes relative to the % share of AGI has hardly moved, and during the years
immediately following 9/11 when the left-wing was bleating about how the
rich were benefiting from the tax cuts for the wealthy, the top 1% were
actually paying a greater share of their income to the treasury than they
were during the last year of the Clinton presidency.
Total effective tax rate (individual PLUS Social Security did the
same. In 2003 (last I had available to me) the total effective tax rate
for the lowest quintile fell from 6.4 in 2000 to 4.8% in '03. Second
quintile fell from 13.3 to 9.8. Which of course put the kibosh to the
suggestion that FICA and SS taxes messed up the lower wage earners.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.