BUSH MISLEADS ON TAX CUTS

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"He who is willing to sacrifice freedom for safety deserves neither freedom nor safety." - Ben Franklin
"One useless man is called a disgrace; two useless men are called a law firm; and three or more useless men are a congress" - John Adams
Politicians and diapers should both be changed regularly and for the same reasons.
"Patriotism is supporting your country all the time and your government when it deserves it."--Mark Twain

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At Thursday's debate President Bush said most of
his tax cuts "went to low- and middle-income
Americans."[1] That statement is flatly false.

An analysis by the Center on Budget and Policy
Priorities found that, in 2004, the top 20 percent of
earners received 69.8% of the tax cuts enacted by
President Bush.[2] While the middle 20 percent of
earners received an average tax cut of $647, the top
20 percent received an average tax cut of $5,055.[3]
As a result, those in the middle class are paying a
greater share of the federal taxes today than they
were four years ago.[4]

Sources:

1. "Transcript of Debate Between Bush and Kerry,
With Domestic Policy the Topic," New York Times,
10/13/04,
http://daily.misleader.org/ctt.asp?u=2460565&l=62975.
2. "Tax Returns: A Comprehensive Assessment of the
Bush Administration Tax Cuts," Center on Budget and
Policy Priorities, 04/04,
http://daily.misleader.org/ctt.asp?u=2460565&l=62976.
3. Ibid,
http://daily.misleader.org/ctt.asp?u=2460565&l=62976.
4. "Tax Cuts Go Mostly to the Rich," OMB Watch,
2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=62977.

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Fed. speaks to record deficit!!!

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"He who is willing to sacrifice freedom for safety deserves neither freedom nor safety." - Ben Franklin
"One useless man is called a disgrace; two useless men are called a law firm; and three or more useless men are a congress" - John Adams
Politicians and diapers should both be changed regularly and for the same reasons.
"Patriotism is supporting your country all the time and your government when it deserves it."--Mark Twain

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WASHINGTON (AP) The Treasury Department has announced the federal deficit surged to a record $413 billion in 2004.
The hold story

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Why doesn't every one want to FIRE the US President for the price of OIL

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"He who is willing to sacrifice freedom for safety deserves neither freedom nor safety." - Ben Franklin
"One useless man is called a disgrace; two useless men are called a law firm; and three or more useless men are a congress" - John Adams
Politicians and diapers should both be changed regularly and for the same reasons.
"Patriotism is supporting your country all the time and your government when it deserves it."--Mark Twain

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Petrol cost up as oil prices bite

Press Association
Tuesday October 12, 2004 5:48 PM


Record oil prices of more than 54 US dollars (£30) a barrel have driven the cost of a litre of petrol up by more than a penny over the last week.

Motoring organisation the AA said the cost of a litre of unleaded petrol was now an average 83.46p after hovering around the 82p mark for more than a month.

It came as the cost of a barrel of crude oil broke through the 54 US dollars mark in New York for the first time ever today. Brent crude - found in the North Sea and traded in London - reached a new peak above 51 US dollars (£28).

Richard Freeman, of the AA, said: "Despite high oil prices we've not seen much movement in the price of petrol. Obviously it's finally coming through."

Although he did not speculate on where the petrol price would go next, Mr Freeman said he would be "very surprised" if it dipped below 80p a litre in the near future.

The latest increase has brought prices even closer to the 85p-a- litre levels seen at the time of the pump protests in 2000. The cost of unleaded petrol has risen by 5p since April, when it stood at an average of 78.6p.

Motorists have been feeling the heat of sky-high oil prices for some time now, as the cost of oil has consistently been setting new records over the summer.

Factors including continued unrest in Iraq and the impact of Hurricane Ivan on oil production have left the commodity in short supply. Fears are now growing that winter demand for heating oil will push prices even higher.

Record prices were blamed on Monday for the sharpest annual rise in the cost of goods leaving UK factories in more than eight years.

The increase weighed on the London stock market, with the FTSE 100 Index falling by more than 40 points.

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A pic = A thousand words

http://us.news2.yimg.com/us.yimg.com/p/ap/20041008/capt.wx11310082334.nude_bush_wx113.jpg

 

 Washington artist Kayti Didriksen's painting 'Man of Leisure, King George' depicts President Bush (news - web sites) in the well-known style of Manet's 'Olympia', as he is presented with his crown by a depiction of Vice President Dick Cheney (news - web sites). The cartoonish painting has been taken down from the wall at the City Museum of Washington, awaiting a more welcoming venue. (AP Photo/Artomatic, Jim Tretick)