You can look at it this way. As the arm goes down it also goes back. If the opposite side doesn't move at all, the axle will twist. The side of the axle that goes down also comes back to some degree, and the axle is no longer perpendicular to the frame - and it starts to steer the truck a little. The flex in the bushings is what allows this slight misalignment. My dwgs probably over exagurate the effect. The alxe is 24" from the pivot point and the dip is 6.25" - so it's exagurated.
This is about where Sumo will (or should) pipe in and say that if the passenger side moves up from the horizontal state (though he and I will argue if horizontal is defined by the axle to pivot relation, or some imagnary point to the pivot), it too will move backward. and if the bump on the passenger side, makes that tire go up the same amount the pot hole makes the driver's side go down, the the axle will straighten out - though back a bit from static - as you look at it from above. (like Land Tank was saying). From the front of course it will be rotated clockwise.
Now - if I add a lift to the rig, and don't drop the pivot point, the arms are going to point down. So when they move up they're going to move forward not backward. And when they move down they will move backward more severly. The bump steer effect will be more. This is also what Land Tank said. I'm just adding on, and trying to help everyone understand - and I like dwg. pretty pictures. More is kinda a subjective term. It may be 1/10 of a inch or 2", I don't know - haven't gone to the point of calculating it all out, and even if I did, I'm not sure how much effect the front axle momentaryily not being square to the frame has on the steering. You might see 1/2" or more and never notice it when driving. Or a 1/4"' could make it undriveable - I'm not going to comment one way or the other, cause I don't know.
You can account for this though. You can lower your frame mounts, get the arms more level and minimize the front to back motion that way. Or, you can add longer arms that don't have as much forward and back motion through the same amount of travel as shorter arms. Or you can do nothing if that's what you find acceptable (just no matter what mods you make or don't make, don't have an accident with my wife and kid).