Thursday, October 20, 2011

MSNBC Lost It's Credibility A LONG Time Ago In Judging Truth, Much Less What Taxes Do

Latest headline from MSNBC: "[Tax and other] facts took a beating" in last night's debate. Never mind that MSNBC has been purposely(!) lying about tax increases for years in total denial, if not ignorance, of the facts.

For example, they continue to claim that the Bush tax cuts hurt both employment and federal revenue when the facts are these:

80% of the Bush tax cuts for the wealthy didn't cut in until June 2003. When they did, very good things happened to the economy.

Unemployment turned around the next month(!) and decreased UNWAVERINGLY to 4.4% which is considered full employment and is as good as Clinton did.

Federal revenue started back up a couple of months later after more Americans returned to work and the federal government therefore(!) began collecting more revenue. Immediately after Bush's biggest tax cuts were implemented, revenue increased UNWAVERINGLY to a RECORD $2.5 Trillion, 25% HIGHER THAN CLINTON ACCOMPLISHED AT HIS 4.4% UNEMPLOYMENT RATE. (Yes, revenue decreased after the 2008 collapse but it had nothing to do with Bush's tax cuts ... it was caused by the collapse of the housing market. It's an economic fact folks!)

Equally hilarious is how MSNBC twists the facts in explaining other claims of erroneous statements by Republican candidates. MSNBC routinely(!) ignores or at least excuses Democrats' bogus claims and then goes out of its way to mischaracterize statements made by Republicans. They wouldn't acknowledge, much less recognize, a fact if it body-slammed them to the ground. Anyone who thinks MSNBC deserves any respect or credibility in their political reporting is misguided at best.

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