Q: Do auto workers really make more than $70 per hour?
A: No. That figure is derived from what the auto companies pay in wages, health, retirement and other benefits, and includes the cost of providing benefits to retirees.
Issues: economy
You Ask, We Answer
That’s the idea behind our Ask FactCheck feature on themain site.
This week, we looked into a suspicious quote allegedly from President-elect Barack Obama, speaking about urgent gun policy changes. The reader who sent it to us wasn’t convinced it was legitimate, and our reporting showed it was almost certainly a fabrication. The quote claims Obama told a "VPC Fund Raiser" in 2007 that "[i]n the first year, I intend to work with Congress on a national no carry law,
Long Term Debt Forecasts
Q: What’s a good source for the U.S.A.’s long-term debt, annual revenues and expeditures, and long-term deficit forecasts?
A: The Congressional Budget Office publishes data on the federal government’s budget – that’s revenues and expenditures, deficits and debt. The Treasury Dept. is the best source for daily debt figures.
Making Ends Meet
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,
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.