From: Zig Ziglar
Subject: The Two Als
Date: Thu, 2 Nov 2000 07:29:09 -0600
YOUR VOTE IS IMPORTANT!
The Year is:
1800 1 vote gives Thomas Jefferson the presidency over Aaron Burr
1868 1 vote saves Andrew Johnson's presidency
1941 1 vote strengthens selective service before World War II
1993 1 vote by Al Gore approves the largest tax increase in history
In America, 1 VOTE DOES MATTER. Be the ONE.
Make the difference, SEND THIS TO A FRIEND.
WHO'S RESPONSIBLE FOR THE ECONOMIC BOOM?
Like most people, I was curious so I asked Dr. Tony Zeiss, President of
Central Piedmont Community College, for his input and if he would do some
research concerning the issue. Their research, combined with some research
into the economic boom over these past years, along with an article by
Robert Dodge published in a recent issue of The Dallas Morning News, brings
forth some interesting conclusions. Here are the facts:
The economic boom started several months before the Clinton-Gore team
entered the picture. First, from 1993 through 1995, our taxes had the
largest increase in our country's history. The welfare rolls did not
change. Defense spending dramatically declined and the budget deficits in
1993 and 1994 were extremely high. In 1995, when the Republicans gained
control of Congress and new bills were passed, including tax reductions, the
welfare rolls dramatically declined from 1995 through 1995; the defense
spending from '95 through '99 increased; the budget deficit dropped
substantially in '96, almost disappeared in '97, and in '98 and '99 the
budget surplus was substantial. Mr. Dodge quotes David Wyss, and economist
with Standard & Poor's DRI in Lexington, Mass., that the sources of the
economic expansion are many. He lists business restructuring and
investment, less regulation, changes in tax policy, international trade
agreements, and an explosion in technology-related productivity
improvements. Balancing the budget may have been among the most important
factors in spurring economic growth.
According to Mr. Wyss, if there were one person responsible for the economic
growth it would be Alan Greenspan. The Democrats claim that a large share
of the budget balancing credit goes to them because of President Clinton's
1993 deficit-reduction act. However, Republicans contend that Mr. Clinton's
tax increases hurt the economy, and that growth did not really begin to
accelerate until the GOP won a congressional majority in the 1994 elections.
Some analysts say former President George Bush helped set the
balanced-budget stage by dropping his no-new-taxes pledge in 1990 and former
President Ronald Reagan pushed tax cuts that remain controversial in some
quarters, but they freed enormous sums of capital to be invested, paving the
way for the 1980s and '90s booms. Mr. Reagan is also credited with creating
a deregulatory climate that reduced the role of government regulators.
The research done at Central Piedmont Community College points out that
there are several major economic underpinnings:
The free enterprise system available investment capital (because of the tax breaks)
accessible education and training technology baby boomers with discretionary
income welfare reform training and employment;
Also, primary sources of current economic growth:
33% of growth driven by information technology
33% of growth driven by manufacturing production (mostly computer related)
11-20% of growth driven by better educated and trained workforce
Since 1995 information technology has accounted for more than 1/3 of the
nation's economic growth, accounting for a net increase of 852,000 jobs
since 1990. High-tech companies account for about 1/3 of the real economic
growth. Gains in education spurred an estimated 11-20% of the growth in
worker productivity, and manufacturing accounted for nearly 1/3 of the U.S.
Dr. Zeiss summed it up by saying that it is safe to conclude that those who
support the free enterprise system, less government, lower taxes, technology,
welfare reform, and accessible education and raining are responsible for the