Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
Jim
 
Posts: n/a
Default ( OT ) Lying About The Bush Recession


Apparently reading off the same talking points, top conservatives yesterday
repeatedly claimed their policies have nothing to do with the sagging
economy, instead blaming the previous administration. In separate
interviews, Secretary of Commerce Donald Evans claimed, " we were handed a
Clinton recession
(http://quote.bloomberg.com/apps/news...p_world _news)
" and then said, "the president inherited a Clinton recession
(http://www.iht.com/articles/536964.html) and turned it into the early
stages of Bush prosperity." Gov. George Pataki (R-NY) said, "President Bush
inherited a recession. We are now seeing the beginning of Bush prosperity."
Gov. Bill Owens (R-CO) claimed, "I noticed that when President Bush was
inaugurated on January 20th of 2001, we were already in a recession. The
economic data clearly showed us that." Not only are the statements belied by
the data, but the White House has gone out of its way to hide the most
damning statistics (http://slate.msn.com/id/2085481/) about its economic
policy failures.



THE RECORD - 'BUSH RECOVERY' HAS WORST RECORD IN 72 YEARS: Evans claimed,
"this is a very strong economy, it continues to get stronger." But as
American Progress senior fellow Scott Lilly points out, it is now all but
certain that "the current administration will compile the worst record in
job creation since the Hoover administration
(http://www.americanprogressaction.or...JcP7H&b=176679) ."
All told, this will be the weakest "recovery" in 72 years, in terms of job
growth. Additionally, wages are stagnating
(http://www.usatoday.com/news/nation/...ood-life_x.htm)
, personal bankruptcies are up 33 percent
(http://www.nytimes.com/2004/08/28/po...gn/28econ.html) since
2000, and consumer confidence is plummeting
(http://www.forbes.com/technology/ent...ap1525179.html)
..



THE TRUTH - BUSH ADMITS WE FACE A BUSH RECESSION: On 12/1/01, President Bush
said, "This week, the official announcement came that our economy has been
in recession since March
(http://www.whitehouse.gov/news/relea.../20011201.html) " of 2001.
This was the same month the president rammed his deficit-exploding tax cuts
(http://www.whitehouse.gov/news/relea...010308-21.html) for the
wealthy through the House of Representatives.



THE TRUTH - BUSH ECONOMIC GURU ADMITS IT IS A BUSH RECESSION: Bush's
economic adviser Martin Feldstein pronounced that economic activity peaked
under Bush, and then the economy headed downward. He offered "a
determination that the expansion that began in March 1991 ended in March
2001
(http://www.washingtonpost.com/ac2/wp...&notFound=true)
and a recession began."



THE TRUTH - OFFICIAL DATA CLEARLY SAY IT IS A BUSH RECESSION: The Washington
Post reports, "The recession officially began in March of 2001
(http://www.washingtonpost.com/ac2/wp...&notFound=true)
-- two months after Bush was sworn in -- according to the universally
acknowledged arbiter of such things, the National Bureau of Economic
Research."



THE FRAUD - WHITE HOUSE CAUGHT REVISING RECESSION DATE: Earlier this year,
Business Week reported, "When economic history is rewritten -- with
political consequences -- that's going too far. President George W. Bush's
Council of Economic Advisers is trying to get away with exactly such
revisionist history
(http://www.businessweek.com/magazine...8/b3871044.htm) ."
Specifically, the CEA's Economic Report of the President "unilaterally
changed the start date of the last recession to benefit Bush's reelection
bid." Instead of using the accepted start date of March 2001, the CEA
announced that the recession really started in the fourth quarter of 2000.
The Washington Post reported that the "shift that would make it much more
credible for the Bush Administration to term it the Clinton Recession...This
simple statement masks an attack on one of the few remaining bastions of
economic neutrality. For almost 75 years, the start and end dates of
recessions have been set by the National Bureau of Economic Research (NBER),
a private nonpartisan research group."



THE FRAUD - WHITE HOUSE CAUGHT KILLING KEY JOBS REPORT: In 2003, AP
reported, "The Bush administration has dropped the government's monthly
report on mass layoffs
(http://www.news-star.com/stories/010503/New_81.shtml) , which also had been
eliminated when President Bush's father was in office. The report by the
Labor Department's Bureau of Labor Statistics recorded layoffs of 50 or more
workers regardless of duration." Fortunately, Congress refused to go along,
and the mass layoff report still exists today. This most recent monthly
report, issued yesterday, showed mass layoffs were higher than a year ago
and that the number of initial unemployment claims from those layoffs was "
higher than any July since 2001
(http://www.bls.gov/news.release/mmls.nr0.htm) ."



THE FRAUD - WHITE HOUSE CAUGHT HIDING POVERTY DATA: Recently compiled Census
data shows that under Bush, poverty has increased for three straight years
and the number of uninsured Americans has hit an all-time high. But instead
of being forthcoming about these statistics, the administration did all it
could to bury them. According to the Washington Post, "The Census Bureau
normally releases its income, poverty and health insurance figures in
September." Yet this year, the Bush administration " moved the release date
up a month
(http://www.washingtonpost.com/wp-dyn...04Aug26_2.html) " --
insuring that it did not coincide with the Republican National Convention
and that its release is as far from Election Day as possible. Worse, Roll
Call reported that the Census Bureau "chose to release its annual U.S.
poverty figures not on the traditional Tuesday downtown at the National
Press Club, but rather on a Friday afternoon at Census headquarters in
Suitland, Md. -- a place far from most newsrooms
(http://www.rollcall.com/issues/50_17/news/6489-1.html) ."


Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
OT--Not again! More Chinese money buying our politicians. NOYB General 23 February 6th 04 04:01 PM
Bush Resume Bobsprit ASA 21 September 14th 03 11:22 PM


All times are GMT +1. The time now is 06:43 AM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 BoatBanter.com.
The comments are property of their posters.
 

About Us

"It's about Boats"

 

Copyright © 2017