Home > FACTORY BUSH TOUTED CLOSES; 1,300 OHIOANS JOBLESS
Last April, President Bush visited a Timken Company
manufacturing plant in Ohio to press for passage of new
tax cuts that he said would spur the economy. During
the speech Bush said that "the future of this company
is bright and therefore, the future of employment is
bright for the families that work here" (1). Less than
a year after the tax cuts for the wealthy passed, that
same factory is shutting down — putting about 1,300
people out of work (2) and inflicting a "devastating"
blow to the Canton community (3). With the White House
pushing even more tax cuts for the wealthy (4) and
supporting outsourcing of American jobs (5), Ohio has
lost more than 200,000 manufacturing jobs since
President Bush took office (6).
Of course, one person who will not be feeling the pain
of the President’s economic policies is W.R. "Tim"
Timken - a top Bush fundraiser and the man who decided
to shut down the factory. Having earned more than $2.6
million last year, Timken stands to receive $59,000 in
new tax breaks from President Bush this year (7) -
Timken also happens to have raised $600,000 for the
President in one night (8). By contrast, 89% of Ohio
residents will receive less than $100 by 2006 from the
latest Bush tax cuts (9).
Sources:
1. President Discusses Plan for Economic Growth in Ohio,
04/24/2003,
http://daily.misleader.org/ctt.asp?u=1274179&l=36045.
2. "Timken to close Ohio factory", Pittsburgh Business
Times, 05/17/2004,
http://daily.misleader.org/ctt.asp?u= 1274179&l=36046.
3. "Timken Layoffs Potentially Devastating For
Canton", NewsNet5.com, 05/16/2004,
http://daily.misleader.org/ctt.asp?u=1274179&l=36047.
4. "Bush seeks to make tax cuts permanent", Washington
Times, 09/05/2003,
http://daily.misleader.org/ctt.asp?u= 1274179&l=36048.
5. "Bush Econ Advisor: Outsourcing OK", CBS News,
02/13/2004,
http://daily.misleader.org/ctt.asp?u=1274179&l=36049.
6. "BUSH STUMPS IN OHIO, DEFENDS JOBS RECORD", 05/04/2004,
http://daily.misleader.org/ctt.asp?u=1274179&l=36050.
7. Citizens for Tax Justice, Fall 2003,
http://daily.misleader.org/ctt.asp?u=1274179&l=36051.
8. Campaign Money Watch,
http://daily.misleader.org/ctt.asp?u=1274179&l=36052.
9. Citizens for Tax Justice Brief,
http://daily.misleader.org/ctt.asp?u=1274179&l=36053.
Visit Misleader.org for more about Bush Administration
distortion: