(continued from the previous post)
Speaking of lies, here are another couple of whoppers from Bush's recent Rose Garden appearance:
“Economic and job growth (occur) when consumers buy more goods and services from businesses such as your own,” [Bush said.] “And the best and fairest way to make sure Americans can do that is to grant them immediate tax relief so they have more of their own money to spend or save.”
“In two years’ time, this nation has experienced war, a recession, and a national emergency, which has caused our government to run a deficit,” he said. “The best way to reduce the deficit is with more growth in our economy, which means more revenues to our treasury and less spending in Washington, D.C.”
Lovely rhetoric and all, but it doesn't even vaguely resembe reality:
- Much of the tax relief in his plan isn't "immediate," it's spead out over ten years
- Much of the tax relief is aimed at the wealthy, who are less likely to spend it; it certainly doesn't put a lot of money in middle-class consumers' pockets, misleading claims about "average" tax cuts notwithstanding
- Even using the dubious "dynamic scoring" method to postulate a boost to the economy from the tax cut, Bush's cut still produces nothing but defecits
- The war--cost of which Bush famously refused to estimate until the shooting started--was Bush's own choice, and he simply plans to pay for it with a tax cut
- And finally, the quote deliberately obscures the plainly obvious reason for the recession, which Bush blames on "recession" and "emergency"--this from the man who promised in 2000 that we could have both his tax cut and the surplus. The deficit is caused by Bush cutting taxes and increasing spending, period. In short, his own economic incompetence are causing it; the audacity of Bush seeking to use it as an excuse for more tax cuts is nothing short of breathtaking.
Make no mistake about it: This isn't just Bush spinning or painting an optimistic picture. This is a man deliberately misrepresenting his policies in an effort to gain support for them. Bush's lies--especially when contrasted with reality--could be his fatal vulnerability oin the 2004 election, if only the Democrats are smart enough to point them out as often as he tells them.
(via Seeing the Forest)