Notice I didn't say Republicans, because both sides are guilty of fact distortion.
My opinion though is that at least Democrats have the distortions based around some sort of fact and/or report, etc. While most of the Republican ones are based around assumptions, personal feelings, and just blatant lies.
Like:
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.
http://www.factcheck.org/article278.html
Already in Recession ?
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It's not quite true, as the ad claims, that Bush inherited "an economy already in recession (emphasis added)." It would have been accurate to say Bush inherited "an economy on the verge of recession."
The National Bureau of Economic Research, a non-partisan group of mostly academic economists, set the start date of the recession as March 2001, weeks after Bush took office on Jan 20. The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
To be sure, the rate of economic growth had slowed significantly at the time Bush took office, as the longest boom in US history drew to a close. Real Gross Domestic Product, a general indicator of economic performance, grew an an unimpressive annual rate of 2.1 percent in the final quarter of 2000, after actually contracting by half a percentage point in the previous quarter. But employment was still growing when Bush was sworn in, and the economy actually added 113,000 payroll jobs between January and March 2001, before starting to decline in April.
In fact, the NBER did not even make a determination that a recession had begun until 10 months after Bush was sworn in, and said that the downturn might not even have qualified as a recession until the attacks of September 11, 2001 exacerbated the nation's economic troubles. The NBER's Business Cycle Dating Committee said, "Before the attacks, it is possible that the decline in the economy would have been too mild to qualify as a recession. The attacks clearly deepened the contraction and may have been an important factor in turning the episode into a recession."
-- Modified on 10/16/2004 3:31:48 PM
