The Daily Misleads

TAX CUTS LEAD TO LARGEST DEFICIT EVER IN COMPLETE REVERSAL OF BUSH'S
PREDICTIONS

Despite President Bush's assurance in 2001 that his tax cuts "could happen
without fear of budget deficit, even if the economy softens," the estimated
$455 billion budget deficit this fiscal year will be the highest in U. S.
history.

In the President's 2002 State of the Union message he tried to shift blame
onto Congress, saying "our budget will run a deficit that will be small and
short-term so long as Congress restrains spending," but earlier this month
he admitted his tax cuts account for 25% of the deficit.

Read the full Mis-Lead --> here.

JOB LOSSES AT LEVEL OF GREAT DEPRESSION CONTRADICT PRESIDENT BUSH'S WISHFUL PREDICTIONS

Instead of creating 510,000 jobs in 2003, as President Bush predicted, the Republican-led economy has suffered a net loss of 473,000 jobs so far this year.

The Timken Company, an Ohio-based steel and bearings manufacturer where the President launched his Jobs and Growth package in April, embarrassed the Administration two weeks ago with an announcement it will cut 900 jobs.

Read the full Mis-Lead --> here.

MISLEADER.ORG--RESEARCH EXCLUSIVES

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ITEM #1: The White House is fending off reporters wanting to know if Karl Rove has leaked the CIA story to Bob Novak. If so, it wouldn't be the first time that the leaking controversy involves a Karl Rove to Bob Novak leak. Check out Esquire from January 2003 and Texas Monthly from March 2003 for both sides.

ITEM #2: Iraqis want to gain control of their own destiny, but Paul Bremer and other Bush officials are urging caution. Why?

Email us at press@misleader.org for EARLY ACCESS TO OUR SPECIAL INVESTIGATORY RESEARCH BLOG which suggests some of the answers.

The full report (from investigative journalist Stephen Pizzo) which will be published next week, looks at nine large U.S. contractors, other than Halliburton, who are busily working inside angles at the Iraqi Reconstruction and Development Council.

Who benefits from the re-building of Iraq? Bush promised it would be the Iraqi people. But it's starting to look like it's more likely to be GOP consultants with White House ties. Email us at press@misleader.org to get the scoop.