LIE OF THE WEEK: 10-05-2007
President Bush on the latest Labor department payroll report:
"Last month our economy added 110,000 new jobs, and that's good news for people here in our country, indicator that this economy is a vibrant and strong economy... I'm really pleased with the economic news."
THE TRUTH: All of the new jobs created in the past 7 years (resulting from the policies of both the Clinton and Bush admistrations) are low wage service sector jobs. The people taking these jobs are those who have given up on finding decent middle class manufacturing or industrial jobs after their job sectors were off-shored to save on labor costs. Falsely claiming that this is an indicator of a vibrant and strong economy belies the fact that most Americans are struggling financially and the only good economic news in the past decade has been for the benefit of the tiny minority holding the vast majority of America's wealth. Don't misunderstand the previous statement to be advocacy for government redistribution of wealth because that would be a terrible socialist outcome. However, the extremely wealthy must not be allowed to control government policies that level the playing field and allow for a prosperous middle class based on hard work and entrepreneurship because that is exactly what is happening today in our environment of financial "campaign contributions" being the primary concern of nearly all elected officials. The America economy is in terrible shape and we need a major turnaround to reform the entire system before our freedom and democracy wither in the face of an economic depression.
"Last month our economy added 110,000 new jobs, and that's good news for people here in our country, indicator that this economy is a vibrant and strong economy... I'm really pleased with the economic news."
THE TRUTH: All of the new jobs created in the past 7 years (resulting from the policies of both the Clinton and Bush admistrations) are low wage service sector jobs. The people taking these jobs are those who have given up on finding decent middle class manufacturing or industrial jobs after their job sectors were off-shored to save on labor costs. Falsely claiming that this is an indicator of a vibrant and strong economy belies the fact that most Americans are struggling financially and the only good economic news in the past decade has been for the benefit of the tiny minority holding the vast majority of America's wealth. Don't misunderstand the previous statement to be advocacy for government redistribution of wealth because that would be a terrible socialist outcome. However, the extremely wealthy must not be allowed to control government policies that level the playing field and allow for a prosperous middle class based on hard work and entrepreneurship because that is exactly what is happening today in our environment of financial "campaign contributions" being the primary concern of nearly all elected officials. The America economy is in terrible shape and we need a major turnaround to reform the entire system before our freedom and democracy wither in the face of an economic depression.
Labels: Lie of the Week
posted by The Debunker at 1:42 PM
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