“I own a timber company?”

Yes, Mr. President, it appears you do:

Bush got a laugh when he scoffed at Kerry’s contention that he had received $84 from “a timber company.” Said Bush, “I own a timber company? That’s news to me.”

In fact, according to his 2003 financial disclosure form, Bush does own part interest in “LSTF, LLC”, a limited-liability company organized “for the purpose of the production of trees for commercial sales.”

So Bush was wrong to suggest that he doesn’t have ownership of a timber company. And Kerry was correct in saying that Bush’s definition of “small business” is so broad that Bush himself would have qualified as a “small business” in 2001 by virtue of the $84 in business income.

From the site Dick Cheney tried to refer viewers to a few days ago: factcheck.org.