http://www.deanforamerica.com/site/News2?page=NewsArticle&id=7147&news_iv_ctrl=1421
ASSERTION: President Bush: "Government cannot manage or control the economy." (President Bush's budget message, 2/3/2003)
TRUTH: George W. Bush's administration cannot manage or control the economy.
ASSERTION: "This budget . . . is a plan to speed the return of strong economic growth [and] to generate jobs" (President Bush's budget message, 2/4/2002)
TRUTH: Since January 2001, over three million jobs have been lost. (WSJ, 7/24/03)
ASSERTION: ". . . [O]ur budget will run a deficit that will be small and short term." (President Bush, State of the Union address,1/28/2003)
TRUTH: "... by 2013 the deficit will reach $530 billion or 3.0 of Gross Domestic product, equivalent to $2,300 for each household in America. In addition, such a policy of amassing ever greater debt over the next decade will cause the cost of annual interest payments on the debt to soar to $425 billion a year by 2013. . ." (CBPP, $300 Billion Deficits, As Far as the Eye Can See, 7/8/2003)
ASSERTION: "Tax relief is central to my plan to encourage growth." (President Bush, Western Michigan University remarks, 3/27/2001)
TRUTH: During the first quarter of this year, GDP rose at a sluggish rate of 1.4% (NYT, 6/27/03)
ASSERTION: "Now, you hear talk about deficits. And I'm concerned about deficits. I'm sure you are as well. But this nation has got a deficit because we have been through a war." (President Bush, Canton, Ohio, remarks, 4/24/2003)
TRUTH: The CBPP reports, "Congressional Budget Office data indicate that in 2003 and 2004, the cost of enacted tax cuts is almost three times as great as the cost of war, even when the cost of increases in homeland security expenditures, the rebuilding after September 11, and other costs of the war on terrorism--including the action in Afghanistan--are counted as 'war costs,' along with the costs of the military operations and subsequent reconstruction in Iraq." (Richard Kogan, "War, Tax Cuts, and the Deficit," CBPP, 8 July 2003)
ASSERTION: "The minute I got sworn in, we were in a recession. And that's why I went to Congress for a tax package." (President Bush, Canton, Ohio, remarks, 4/24/2003)
TRUTH: Bush was inaugurated in January 2001; the recession began in March 2001. He did not inherit a recession. Moreover, the tax package he took to Congress was the same one on which he had campaigned. (National Bureau of Economic Research; Richard Kogan, "War, Tax Cuts, and the Deficit," CBPP, 7/8/2003)
ASSERTION: "The growth and jobs plan I outlined earlier this year will provide critical momentum to our economic recovery. For every American paying income taxes, I propose speeding up the tax cuts already approved by the Congress." (President Bush's budget message, 2/3/2003)
TRUTH: Ten recipients of the Nobel Memorial Prize in Economic Science said Bush's plan would not provide a short-term boost and would create long-term budget deficits. Franco Modigliani (MIT), who received the Nobel in 1985, called Bush's plan "preposterous." Daniel McFadden, the 2000 recipient, described the plan as a "weapon of mass destruction aimed at the middle class." (Blanton, The Boston Globe, 2/12/2003)
ASSERTION: "My jobs and growth plan would reduce tax rates for everyone who pays income tax." (President Bush, Radio Address, 4/26/2003)
TRUTH: "Analysis shows that 8.1 million lower and middle-income taxpayers, who pay billions of dollars a year in income taxes, will receive no tax reduction under the legislation." (Robert Greenstein, CBPP, 6/1/2003)
ASSERTION: "We have priorities at home as well--restoring health to our economy above all. Our economy had begun to weaken over a year before September 11th, but the terrorist attack dealt it another severe blow. This budget advances a bipartisan economic recovery plan that provides much more than greater unemployment benefits: it is a plan to speed the return of strong economic growth, to generate jobs, and to give unemployed Americans the dignity and security of a paycheck instead of an unemployment check." (President Bush's budget message, 2/4/2002)
TRUTH: During the first quarter of this year, GDP rose at a sluggish rate of 1.4% and 1.2% of mortgages were in foreclosure, setting a record high. The unemployment rate climbed to a nine-year high of 6.4% in June. Setting a new record, 1.6 million Americans filed for personal bankruptcy last year. (NYT, 6/27/03; USA Today, 7/10/03; WSJ 7/24/03; U.S. News & World Report; 7/21/03)
ASSERTION: In his 2003 State of the Union, Bush said, "We will not deny, we will not ignore, we will not pass along our problems to other Congresses, to other presidents and other generations."
TRUTH: The White House released a deficit projection in July, 2003 of $455 billion. (Source: "White House Sees a 455 Billion Gap in the 03 Budget" New York Times David E. Rosenbaum 7/16/03)
[This message was edited by lander on August 04, 2003 at 12:39 AM.]
ASSERTION: President Bush: "Government cannot manage or control the economy." (President Bush's budget message, 2/3/2003)
TRUTH: George W. Bush's administration cannot manage or control the economy.
ASSERTION: "This budget . . . is a plan to speed the return of strong economic growth [and] to generate jobs" (President Bush's budget message, 2/4/2002)
TRUTH: Since January 2001, over three million jobs have been lost. (WSJ, 7/24/03)
ASSERTION: ". . . [O]ur budget will run a deficit that will be small and short term." (President Bush, State of the Union address,1/28/2003)
TRUTH: "... by 2013 the deficit will reach $530 billion or 3.0 of Gross Domestic product, equivalent to $2,300 for each household in America. In addition, such a policy of amassing ever greater debt over the next decade will cause the cost of annual interest payments on the debt to soar to $425 billion a year by 2013. . ." (CBPP, $300 Billion Deficits, As Far as the Eye Can See, 7/8/2003)
ASSERTION: "Tax relief is central to my plan to encourage growth." (President Bush, Western Michigan University remarks, 3/27/2001)
TRUTH: During the first quarter of this year, GDP rose at a sluggish rate of 1.4% (NYT, 6/27/03)
ASSERTION: "Now, you hear talk about deficits. And I'm concerned about deficits. I'm sure you are as well. But this nation has got a deficit because we have been through a war." (President Bush, Canton, Ohio, remarks, 4/24/2003)
TRUTH: The CBPP reports, "Congressional Budget Office data indicate that in 2003 and 2004, the cost of enacted tax cuts is almost three times as great as the cost of war, even when the cost of increases in homeland security expenditures, the rebuilding after September 11, and other costs of the war on terrorism--including the action in Afghanistan--are counted as 'war costs,' along with the costs of the military operations and subsequent reconstruction in Iraq." (Richard Kogan, "War, Tax Cuts, and the Deficit," CBPP, 8 July 2003)
ASSERTION: "The minute I got sworn in, we were in a recession. And that's why I went to Congress for a tax package." (President Bush, Canton, Ohio, remarks, 4/24/2003)
TRUTH: Bush was inaugurated in January 2001; the recession began in March 2001. He did not inherit a recession. Moreover, the tax package he took to Congress was the same one on which he had campaigned. (National Bureau of Economic Research; Richard Kogan, "War, Tax Cuts, and the Deficit," CBPP, 7/8/2003)
ASSERTION: "The growth and jobs plan I outlined earlier this year will provide critical momentum to our economic recovery. For every American paying income taxes, I propose speeding up the tax cuts already approved by the Congress." (President Bush's budget message, 2/3/2003)
TRUTH: Ten recipients of the Nobel Memorial Prize in Economic Science said Bush's plan would not provide a short-term boost and would create long-term budget deficits. Franco Modigliani (MIT), who received the Nobel in 1985, called Bush's plan "preposterous." Daniel McFadden, the 2000 recipient, described the plan as a "weapon of mass destruction aimed at the middle class." (Blanton, The Boston Globe, 2/12/2003)
ASSERTION: "My jobs and growth plan would reduce tax rates for everyone who pays income tax." (President Bush, Radio Address, 4/26/2003)
TRUTH: "Analysis shows that 8.1 million lower and middle-income taxpayers, who pay billions of dollars a year in income taxes, will receive no tax reduction under the legislation." (Robert Greenstein, CBPP, 6/1/2003)
ASSERTION: "We have priorities at home as well--restoring health to our economy above all. Our economy had begun to weaken over a year before September 11th, but the terrorist attack dealt it another severe blow. This budget advances a bipartisan economic recovery plan that provides much more than greater unemployment benefits: it is a plan to speed the return of strong economic growth, to generate jobs, and to give unemployed Americans the dignity and security of a paycheck instead of an unemployment check." (President Bush's budget message, 2/4/2002)
TRUTH: During the first quarter of this year, GDP rose at a sluggish rate of 1.4% and 1.2% of mortgages were in foreclosure, setting a record high. The unemployment rate climbed to a nine-year high of 6.4% in June. Setting a new record, 1.6 million Americans filed for personal bankruptcy last year. (NYT, 6/27/03; USA Today, 7/10/03; WSJ 7/24/03; U.S. News & World Report; 7/21/03)
ASSERTION: In his 2003 State of the Union, Bush said, "We will not deny, we will not ignore, we will not pass along our problems to other Congresses, to other presidents and other generations."
TRUTH: The White House released a deficit projection in July, 2003 of $455 billion. (Source: "White House Sees a 455 Billion Gap in the 03 Budget" New York Times David E. Rosenbaum 7/16/03)
[This message was edited by lander on August 04, 2003 at 12:39 AM.]
