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October 21, 2002

Employers/Bush Lied About Port Shutdown Costs

Remember those estimates that the port shutdown was costing the US economy $1 to $2 billion per day? Turns out it came from an employer-funded study. Now,a REPUBLICAN-led consulting group has analyzed the early figures as grossly inflating the real costs of the shutdown.

The ridiculousness of the inflated figures, which the media mindlessly repeated, is that, in the words of the new report's author, "a figure of $1 billion to $2 billion per day [is] closer to the economic impact of sinking the ships than delaying them." (Thanks to Curtis for the link).

Posted by Nathan at October 21, 2002 04:44 PM

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