Ever since Chrysler announced that it wanted to shed 789 of its 3,188 nationwide dealerships, speculation and outright accusations have circulated to the effect that Republican donors were being singled out. The list of dealers slated for closing contained some who had given to Republican candidates, and far fewer who had given to Democrats. One blogger’s early tabulation, based on the first five pages of the 40-page list of closed dealers, showed $120,000 had been given to GOP candidates and $34,350 to Democratic candidates in 2004 and 2008 (exclusive of presidential candidates).
Issues: economy
Tax Cut Ads Clip Some Details
The Democratic Congressional Campaign Committee announced on June 1 a radio ad and robo-call campaign against several congressional Republicans for voting against the American Recovery and Reinvestment Act (a.k.a. the stimulus bill). However, the attacks don’t tell the whole story.
For instance, the ad aimed at Republican Rep. Peter King claim that he "opposed an $800 tax cut and opposed creating or saving 215,000 New York jobs." But King, like many Republicans, never said that. Rather,
Cap-and-Trade Cost Inflation
Leading Republicans are claiming that President Obama’s proposal to curb greenhouse gas emissions would cost households as much as $3,100 per year. The Republican National Committee calls it a “massive national energy tax.” But the $3,100 figure is a misrepresentation of both Obama’s proposal and the study from which the …
Drop in the Bucket? See for Yourself.
In our "What’s in a Number" post on May 7, we noted a clever video by Salt Lake City software developer Matt Shapiro, showing how little $100 million in savings would amount to when compared with the $3.6 trillion in federal spending being proposed by President Obama (about one-quarter of a penny on the scale of the budget being equal to $100.)
Now Matt has come up with a second video to help us wrap our brains around the latest figures.
What’s in a Number?
On April 20, President Barack Obama caused a bit of a splash when he gathered members of his Cabinet and directed them to cut (collectively) $100 million in expenses within the next 90 days. Now that sounds like a lot of money. And we’re not ones to complain about cutting costs when the Congressional Budget Office estimated the deficit to be $1.2 trillion in 2009 alone — and that was before accounting for the cost of the stimulus bill.
Fantasy Jobs?
At President Obama’s April 29 news conference, he claimed that the American Recovery and Reinvestment Act has "already saved or created over 150,000 jobs." Wait a minute. Isn’t the number of jobs actually plummeting?
According to the Bureau of Labor Statistics, the economy lost more than 1.3 million jobs in the two months after he took office, and it has probably lost at least another half-million in April. The day after Obama spoke, the Department of Labor announced that another 631,000 workers (seasonally adjusted) had filed new claims for unemployment insurance the previous week.
100 Days of Spin
After 100 days in office, we find President Obama is sticking to the facts – mostly. Nevertheless, we find that the president has occasionally made claims that put him and his policies in a better light than the facts warrant. He has claimed that private economists agreed with the forecast in …
Obama’s Prime Time Pitch
President Obama sometimes strayed from the facts or made dubious claims during his hour-long evening news conference March 24. He said his budget projections are based on economic assumptions that “are perfectly consistent with what Blue Chip forecasters out there are saying.” Not true. The average projection by leading …
More Upstate Insults
The campaign to fill the vacant House seat in New York’s 20th congressional district is the race that keeps on giving – giving false and misleading ads, at least. Two new spots, one from Democratic businessman Scott Murphy and another from his foe, Republican state Assembly Minority Leader Jim Tedisco, both …
Obama and the Deficit
During a speech on Tuesday, President Obama promised to reduce the budget deficit:
Obama: Now, this budget does not attempt to solve every problem or address every issue because of the massive deficit we inherited and the enormous costs of this financial crisis. We have made some tough choices that will cut our deficit in half by the end of my first term and reduce it by $2 trillion over the next decade.
To start, we want to clarify that Obama is talking about the budget deficit (the amount of money the government spends in a given year minus what it takes in),