FactCheck.Org fisks MoveOn.org's latest attempt to smear the Bush administration's new overtime rules. The number in question is the 8 million workers a study by the labor-funded Economic Policy Institute says will lose over-time pay. As FactCheck points out:

The ad misquotes the study, however. What the study actually says is that an estimated 8 million would lose the legal right to premium overtime rates should they work more than 40 hours per week. It does not say they would actually lose pay as the ad says. In fact, the 8-million figure is inflated by many part-time workers who never get overtime work, or overtime pay, even though they now have the right to it. (my emphasis)

Losing coverage is quite a bit different from actually losing pay. Most major corporations already have stringent overtime requirements for people in management because management overtime is very expensive. In addition, the administration claims that 1.3 million workers will gain overtime pay coverage because the overtime rules had not been adjusted since 1975.

MoveOn.org's ad:

The ad shows a worker in a hardhat punching a time clock as he leaves an empty factory at night, then drives home to a stack of bills and a sleeping family. The Announcer says: Times are tough. So you work overtime to make ends meet. Then you find out George Bush wants to eliminate overtime pay for 8 million workers. Two million jobs lost. Jobs going overseas. And now, no overtime pay. When it comes to choosing between corporate values and family values, face it, George Bush is not on our side.

This is nothing but a dishonest smear. Anyone punching a time clock will probably not lose overtime pay coverage and will in fact probably gain coverage under the new rules. The ad should be pulled.