Tuesday, December 16, 2003
Debunking the lies, part XXI
The Center for American Progress debunks the White House's latest document of hyperbole and delusions of grandeur. For example:
WHITE HOUSE CLAIM: "President Bush's economic leadership is producing positive results."
FACT: "More than 2.2 million jobs have been lost since Bush took office. Bush is still on pace to be the first President since Herbert Hoover to have a net job loss over his four year term." - BLS Data
FACT: In July 2003, the Counsel of Economic Advisors predicted that the President's latest round of tax cuts would produce 1,530,000 jobs would be created in the first five months. In fact, only 271,000 jobs were created over those five months for a cumulative shortfall of 1,259,000 jobs. - Economic Policy Institute
FACT: "Only 14% of CEOs are planning to increase the pace of hiring." - Business Council Poll, 10/9/03
FACT: Poverty levels have risen for the second straight year in a row – the first time in more than 13 years. - Economic Policy Institute
And so on.
posted by chris at 4:05 PM
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