No surprise there. His entire reelection campaign will rely on phony statistics and absurd claims. It’s the only way he has a shot at winning.

The paper’s conclusion:

The president does not need to lard his case with such suspect data. There are few independent tax analysts who have much good to say about the Bush tax cuts. But it is difficult for Obama to justify blaming those tax cuts for being mostly responsible for today’s slow job growth, especially when he wants to retain a good chunk of those tax cuts.

To bolster his case about unfairness, the president is also relying on a suspect statistic about billionaires paying as little as one percent in taxes. Even if true, it is a clearly a rare event. Moreover, it is certainly surprising the White House would rely on such a dubious, unverified source for a major presidential address.

Anyone who’s surprised Obama would rely on unverified sources and dubious claims hasn’t been paying attention.

It’s Barack Obama’s modus operandi. That’s how he, Wall Street’s darling, framed Republicans as the party of the rich. It’s how he, who firmly opposed new regulations on the subprime mortgage industry before the collapse, won by promising to regulate the industry unlike those silly Republicans. It’s how a guy who said adding trillions in debt gets away with adding four trillion dollars in debt over just three years.