CNN.com – Bush heralds improved deficit figures – Jul 11, 2006
Bush says:
These tax cuts left nearly $1.1 trillion in the hands of American workers and families and small business owners. And they used this money to help fuel an economic resurgence [leading to higher tax revenues and a smaller deficit]
The AP says:
Impressive profits and big income gains by the wealthy are largely responsible for the surge in [tax] revenues and, in turn, the deficit drop.
Does the AP mean to point out the half-truth here, or are they honestly just trying to add some analysis? I have to think the former, because I can’t imagine that the AP would be that clueless. But I don’t really know for sure.