Bush deceives public: New ad lies about economy

Pro-Bush Puffery on Economy, Medicare

New ad claims Bush inherited an economy "already in recession" and
that 41 million seniors "now have access to lower cost prescriptions."
Wrong on both counts.

http://factcheck.org/article278.html

Why don't you take this to rec.we_dont_care. this is a woodworking group!

Florida Patriot wrote:

Bush deceives public: New ad lies about economy

Pro-Bush Puffery on Economy, Medicare

New ad claims Bush inherited an economy "already in recession" and
that 41 million seniors "now have access to lower cost prescriptions."
Wrong on both counts.

http://factcheck.org/article278.html

"Florida Patriot" wrote in message
om...
Bush deceives public: New ad lies about economy

Pro-Bush Puffery on Economy, Medicare

New ad claims Bush inherited an economy "already in recession" and
that 41 million seniors "now have access to lower cost prescriptions."
Wrong on both counts.

http://factcheck.org/article278.html

Yeah, it's so much better to be "on the verge of recession", which is what
the article says is accurate.

todd

"Todd Fatheree" wrote in message
...
"Florida Patriot" wrote in message
om...
Bush deceives public: New ad lies about economy

Pro-Bush Puffery on Economy, Medicare

New ad claims Bush inherited an economy "already in recession" and
that 41 million seniors "now have access to lower cost prescriptions."
Wrong on both counts.

http://factcheck.org/article278.html

Yeah, it's so much better to be "on the verge of recession", which is what
the article says is accurate.

"The ad by the pro-Bush group Progress for America Voter Fund claims the
economy was already in a recession when Bush took office, but the National
Bureau of Economic Research (which dates business cycles) says the recession
actually began in March 2001, after Bush took office in January."

"The facts also get stretched when the ad claims "41 million seniors now
have access to lower cost prescriptions (emphasis added)." Bush's new
prescription drug benefit will cover seniors on Medicare for an extra
premium of about $35 a month, but not until 2006. Even the currently
available drug discount cards have been used much less than expected.
Current enrollment is less than 5 million."

(snip) but the National
Bureau of Economic Research (which dates business cycles) says the recession
actually began in March 2001, after Bush took office in January."

I want you to look real hard at this statement. Bush was sworn in Jan.
18th. In the same report you quote it clearly states the following:

"The Bureau waits until the data show whether or not a decline is large
enough to qualify as a recession before declaring that a turning point in
the economy is a true peak marking the onset of a recession."

"Recession" isn't an instantaneous occurrence. The declaration of a
"recession" is the culmination of several factors such as employment,
production,income and trade sales. The stats are charted with all the
peaks and valleys and it isn't until they all align into a peak and begin a
downward trend that a recession is declared. What is important to note is
that it was long overdue. We had just come out of the longest expansion
period in the history of American economy, largely in part from the "Dotcom
phenomenon" and what you saw was the inevitable correction of such.

What does this mean? Well it means that ,yes, the recession did start 1-1/2
months after the president took office. If you are naive enough to believe
that he was instrumental in causing the recession in such a short time then
take heart in this fact. He corrected the recession in the shortest time in
history..... which is also stated in said report.

The sad fact is that the necessity of debates so close to the elections are
chiefly due to the fact that there are way too many uneducated voters who
are influenced by perceived facts and figures they don't even possess the
capacity to understand.

Too many people equate recession with depression......maybe it's because
they rhyme.

"mel" wrote in message
m...
(snip) but the National
Bureau of Economic Research (which dates business cycles) says the
recession
actually began in March 2001, after Bush took office in January."

I want you to look real hard at this statement. Bush was sworn in Jan.
18th. In the same report you quote it clearly states the following:

"The Bureau waits until the data show whether or not a decline is large
enough to qualify as a recession before declaring that a turning point in
the economy is a true peak marking the onset of a recession."

"Recession" isn't an instantaneous occurrence. The declaration of a
"recession" is the culmination of several factors such as employment,
production,income and trade sales. The stats are charted with all the
peaks and valleys and it isn't until they all align into a peak and begin
a
downward trend that a recession is declared. What is important to note is
that it was long overdue. We had just come out of the longest expansion
period in the history of American economy, largely in part from the
"Dotcom
phenomenon" and what you saw was the inevitable correction of such.

What does this mean? Well it means that ,yes, the recession did start
1-1/2
months after the president took office. If you are naive enough to
believe
that he was instrumental in causing the recession in such a short time
then
take heart in this fact. He corrected the recession in the shortest time
in
history..... which is also stated in said report.

The sad fact is that the necessity of debates so close to the elections
are
chiefly due to the fact that there are way too many uneducated voters who
are influenced by perceived facts and figures they don't even possess the
capacity to understand.

Too many people equate recession with depression......maybe it's because
they rhyme.



Yeah, everyone is stupid..except you.

"..the National Bureau of Economic Research (which dates business cycles)
says the recession
actually began in March 2001, after Bush took office in January."

"Jeff Harper" wrote in message
...

"mel" wrote in message
m...
(snip) but the National
Bureau of Economic Research (which dates business cycles) says the
recession
actually began in March 2001, after Bush took office in January."

I want you to look real hard at this statement. Bush was sworn in Jan.
18th. In the same report you quote it clearly states the following:

"The Bureau waits until the data show whether or not a decline is large
enough to qualify as a recession before declaring that a turning point
in
the economy is a true peak marking the onset of a recession."

"Recession" isn't an instantaneous occurrence. The declaration of a
"recession" is the culmination of several factors such as employment,
production,income and trade sales. The stats are charted with all the
peaks and valleys and it isn't until they all align into a peak and
begin
a
downward trend that a recession is declared. What is important to note
is
that it was long overdue. We had just come out of the longest expansion
period in the history of American economy, largely in part from the
"Dotcom
phenomenon" and what you saw was the inevitable correction of such.

What does this mean? Well it means that ,yes, the recession did start
1-1/2
months after the president took office. If you are naive enough to
believe
that he was instrumental in causing the recession in such a short time
then
take heart in this fact. He corrected the recession in the shortest
time
in
history..... which is also stated in said report.

The sad fact is that the necessity of debates so close to the elections
are
chiefly due to the fact that there are way too many uneducated voters
who
are influenced by perceived facts and figures they don't even possess
the
capacity to understand.

Too many people equate recession with depression......maybe it's because
they rhyme.



Yeah, everyone is stupid..except you.

"..the National Bureau of Economic Research (which dates business cycles)
says the recession
actually began in March 2001, after Bush took office in January."

Another example of how Clinton was probably the luckiest president in
history. Do you argue that the economic trend was downward when Bush took
office?

todd

"Todd Fatheree" wrote in message

Yeah, it's so much better to be "on the verge of recession", which is what
the article says is accurate.

Todd, you're a damn good dude with some good ww posts under your belt, but I
guaranf8ckingtee I am going to plonk your funky ass if you don't quit
overriding my killfile by replying to that dumb**** troll.

--
www.e-woodshop.net
Last update: 10/04/04

"Swingman" wrote in message
...
"Todd Fatheree" wrote in message

Yeah, it's so much better to be "on the verge of recession", which is
what
the article says is accurate.

Todd, you're a damn good dude with some good ww posts under your belt, but
I
guaranf8ckingtee I am going to plonk your funky ass if you don't quit
overriding my killfile by replying to that dumb**** troll.

I gave Todd more credit than this too. He doesn't seem to notice, or care,
the troll never replies.

Cut it out please Todd.