…by a two-to-one margin, likely voters in the Nov. 2 midterm elections think taxes have gone up, the economy has shrunk, and the billions lent to banks as part of the Troubled Asset Relief Program won’t be recovered.
— Bloomberg Businessweek, 29 October, 2010
In fact, none of that is true.
Bloomberg Businessweek sets the record straight:
Fact: The Obama administration has cut taxes — largely for the middle class — by $240 billion since taking office on Jan. 20, 2009.
Fact: The U.S. economy grew at a 2 percent annual rate in the third quarter as consumer spending climbed the most in almost four years.
Fact: In the past year, the economy has grown 3.1 percent.
Fact: The U.S. Treasury has recovered most of the $245 billion spent on the Wall Street bank part of the rescue, and expects to turn a $16 billion profit.
Taxes have gone down not up, the economy is growing not shrinking, the TARP funds are mostly recovered; some at a respectable profit to the American people.
But the Bloomberg Businessweek report cautions that won’t keep uninformed voters from going to the polls believing misinformation rather than facts.
If you know any uninformed voters (hint: you do!), spend a few moments talking them off the ledge between now and voting day. Point them to the Bloomberg poll story — it’s Bloomberg Businessweek for goodness sake! Can you get any more pro-America, pro-business than that? If your friends and relatives are going to vote against someone or in reaction to fear of creeping-something, let their vote be based on fact rather than fiction.
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