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Wednesday, August 11, 2004

DNC Ad Says Bush Lost Manufacturing Jobs

August 11, 2004
The Democratic National Committee released an ad Aug. 6 saying 2.7 million manufacturing jobs had been lost under Bush. That's true, but ignores the fact that manufacturing jobs started their decline three years before Bush took office.

The ad also says "Bush protects tax breaks favoring corporations that move their headquarters overseas" and that Kerry would "end job-killing tax loopholes." But as we've said before , "offshoring" accounts for just a small fraction of jobs that are lost, and even Democratic economists say changing the tax code won't end the overseas job drain anyway. ... FR Reprint.

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