New ad claims Bush inherited an economy "already in recession" and that 41 million seniors "now have access to lower cost prescriptions." Wrong on both counts.
Summary
The ad by the pro-Bush group Progress for America Voter Fund claims the economy was already in a recession when Bush took office, but the National Bureau of Economic Research (which dates business cycles) says the recession actually began in March 2001, after Bush took office in January. The facts also get stretched when the ad claims "41 million seniors now have access to lower cost prescriptions (emphasis added)." Bush's new prescription drug benefit will cover seniors on Medicare for an extra premium of about $35 a month, but not until 2006. Even the currently available drug discount cards have been used much less than expected. Current enrollment is less than 5 million.
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