Sen. Barack Obama has said several times that he has proposed cuts that pay for “every dime” of his spending proposals, a claim we’ve called “misleading.” The nonpartisan Tax Policy Center’s analysis, for one, found that “without substantial cuts in government spending” Obama’s plan – and McCain’s, too – “would substantially increase the national debt over the next ten years.”
Obama repeated his claim in his half-hour commercial that aired Wednesday night on major networks and cable television,
Issues: economy
Reckless Driving
The Obama-Biden campaign has released an ad as part of its “closing argument” to the American people. But we have a few factual objections to raise.
The ad is called “Rearview Mirror” and says that if you “wonder where John McCain would take the economy” just “look behind you,” alluding to the Bush administration. The ad even pictures President Bush’s face in the rearview mirror of a car.
But it touts some misleading claims Obama has dropped along the long campaign trail.
Erratic Quotes
The Obama-Biden campaign has a new, unannounced ad that says McCain has been “erratic” in his response to the financial crisis:
The ad includes various critical quotes from editorials in the Washington Post, USA Today and Politico. We looked up the original articles, and all the quotes are in context.
But the ad also cites the August 15 Tax Policy Center report, with text on screen saying “nothing for the middle class.” Within the ad, the words do not appear in quotes,
$700 Billion Blame Game
Summary
We find House and Senate campaigns are taking liberties with the facts as they seek to assign blame for the nation’s financial mess.
A Democratic ad in Kentucky accuses Republican Senate Leader McConnell of conduct bordering on the criminal, but falsely accuses him of taking $4.4 million from "big banks."
A Republican ad in Pennsylvania claims Democratic House member Kanjorski sponsored a bill to "slash oversight" and "banks made millions." In fact, the bill never made it out of committee.
Credit Where it Isn’t Due
The McCain-Palin campaign is running a series of upbeat ads designed to appeal to workers in three states (Michigan, Ohio, and New Mexico – for some reason the New Mexico ad isn’t on McCain’s YouTube channel, but it sounds pretty much like the Ohio one). Sometimes even upbeat ads need a little tweaking.
Here’s the Michigan ad. In this one, McCain says that “John McCain and his congressional allies” have a plan for Michigan, including “loans to upgrade assembly lines.”
Obama’s Connection to Raines
Before the McCain-Palin campaign tried to link Sen. Barack Obama with political heavyweights in Chicago, the campaign claimed that Obama was being advised on the economy by Franklin Raines, former Fannie Mae CEO.
In an ad titled “Advice,” the McCain campaign makes the claim that “Obama has no background in economics.” Then it asks the question, “Who advises him?” The answer, according to the ad: “The Post says it’s Franklin Raines, for ‘advice on mortgage and housing policy.’
Biden, FDR and the Invention of Television
In a sit-down interview with CBS Evening News’ Katie Couric that aired Sept. 22, Sen. Joe Biden tried to make a historical comparison between political leadership during the trying economic times of today and yesterday. But he got some of his history wrong. Biden told Couric: “When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed.”
There are several things wrong with that statement.
Biden’s ‘Patriotic Act’
A recent McCain-Palin ad titled “Patriotic Act” puts a new twist on some old false claims, then adds a misleading implication, just for good measure. Here’s the ad:
We can start with a list of what the ad does get right:
Joe Biden did indeed say that paying taxes is patriotic.
Actually, that’s pretty much the whole list. The rest of the ad is mostly malarkey, starting with the implication that Biden called it patriotic for most Americans to pay taxes.
McCain’s cloudy crystal ball
Confused about whether John McCain really predicted the fall of Fannie Mae and Freddie Mac? We don’t blame you. The McCain-Palin campaign says he did, and as proof, they point to a 2006 speech in which McCain exhorts his colleagues to vote for legislation he cosponsored, legislation that would have regulated the misbehaving mortgage giants. The Obama campaign says he did not and point out that McCain said in 2007 that he didn’t see the crisis coming.
Stretching with Biden
Summary
Biden proved once again that it doesn’t take outright falsehoods to create a skewed impression of one’s opponent. We found in a Sept. 15 speech that:
Biden used partial quotes to support his charge that McCain wouldn’t help "small borrowers" suffering in the mortgage crisis but would "fight for those that lost their … real estate investments." In fact, McCain’s full quote said he would also fight for those who "lost their jobs" and "savings,"