In his 2003 State of the Union address, President George W. Bush uttered 16 now-infamous words implying that Saddam Hussein had tried to buy uranium from Africa. When the phrase was finally revealed to be based on questionable intelligence and forged documents, the White House parsed it within an inch of its life and insisted that Bush should not be held accountable for everything he said. As one senior White House official memorably put it, "The president is a not a fact checker"
A year later, Bush seemed to acknowledge last year’s controversy during his 2004 speech to Congress, declaring “words must be credible -- and no one can now doubt the word of America.” Sadly, there’s no indication that the president has added fact checking to his job description over the past 12 months. And, as much as we’d like to give the president and his speechwriters the benefit of the doubt, we figured it might be worth our time to check some of his new assertions for accuracy, and note what he misstated, oversimplified, or didn’t bother to mention.
When Houston-based Nabors Industries, the nation's largest oil-rig com- pany, reincorporated in the island tax haven of Bermuda in 2001 and secured a $10 million tax break, it had no intention of forsaking the benefits of being a corporate U.S. citizen, just the costs.
Nabors owns a 33-ship fleet to service its rigs, which it has tried to register as all-American. Although the Jones Act of 1916 prohibits foreign-owned ships from doing business solely in U.S. waters, Nabors claims its ships don't belong to the mail-drop parent company, but rather to its "American subsidiary."