In a July 6 interview with Russian newspaper Novaya Gazeta, President Obama repeated his false claim that the U.S. “import[s] more oil today than ever before.” When Obama first said this in February during an address to a joint-session of Congress, we wrote that the president had gotten his facts wrong. We said then that oil imports peaked in 2005 and have “substantially” declined since. That’s still the case. This chart from the U.S. Energy Information Administration,... Click to Read the Full Post
Summary President Obama’s first speech to a joint session of Congress was stuffed with signals about the new direction his budget will take and meant-to-be reassuring words about the economy. But it was also peppered with exaggerations and factual misstatements. He said "we import more oil today than ever before." That’s untrue. Imports peaked in 2005 and are substantially lower today. He claimed his mortgage aid plan would help "responsible" buyers but not those... Click to Read the Full Post
