FactCheck.org

Gillespie Twists the Facts on Bain Capital

May 29, 2012

A letter Bain Capital sent to its investors is now becoming a talking point for Mitt Romney surrogates. But once again the company letter, which boasts of Bain’s success, is being misrepresented — this time by Ed Gillespie, a senior adviser to the Romney campaign.

Gillespie claimed that “less than 5 percent” of Bain’s investments “ended up in bankruptcy.” But that’s what Bain claims occurred over its entire 28-year history. The Wall Street Journal reported that 22 percent of companies “Bain invested in while Mr.

Mandel’s Deceptive Defense Against Sen. Brown

May 29, 2012

The campaign of Republican Senate candidate Josh Mandel of Ohio is fighting back against “negative ads” from Democratic Sen. Sherrod Brown with one of its very own. But it’s one that makes several inaccurate claims:

The ad claims that Brown “gave huge bonuses to executives.” That’s not true. Brown actually voted to ban bonuses to top executives at companies that received bank bailout funds, but that prohibition was removed in House-Senate negotiations before the final stimulus bill became law.

Sununu Misfires on Bain ‘Jobs’ Claim

May 25, 2012

John H. Sununu, a top surrogate for Mitt Romney, wrongly claimed Bain Capital was “able to save jobs … about 80 percent of the time” at companies in which it had invested. Sununu was misreading or misrepresenting a Bain statement on revenues, not jobs.
Sununu, a former governor of New Hampshire and an early supporter of Romney, spoke to reporters May 22 on a conference call. When addressing Bain Capital, the private-equity investment firm founded by Romney,

Lemon-Picking Bain Capital, Obama-style

May 24, 2012

President Obama and a super PAC that supports him are stealing a page from Newt Gingrich and Ted Kennedy in running TV ads and web videos that slam Mitt Romney for his years at Bain Capital. And, like Gingrich and Kennedy before him, Obama is lemon-picking — that is, highlighting the venture capital firm’s failed businesses and ignoring its successful ones.
Both Obama and the super PAC Priorities USA Action spotlight two businesses — Ampad and GS Industries —

Soft Glove, Same GPS Fist

May 23, 2012

A new TV ad from Crossroads GPS features an actress playing a downcast mother of two jobless adult children. She says “things changed for the worse” after she supported Barack Obama for president. Her voice is soft, and so is the background music — but her situation is unlikely; her opinions are harsh; and her facts are one-sided and not always accurate.
This 60-second ad is the second in an announced $25 million campaign to soften up the president in key battleground states.

Congressman’s Slippery Cell Phone Claim

May 22, 2012

A congressman’s Web video goes too far when it portrays a program that subsidizes cell phone service for very low-income persons as a government giveaway that is costing taxpayers billions.
The video also misleadingly claims Arkansas Rep. Tim Griffin is “reforming” the program. His proposed legislation — the “Stop Taxpayer-Funded Cell Phones Act of 2011” — actually would eliminate the cell phone subsidy.
Griffin’s video focuses on Lifeline, a federally mandated program that reimburses phone companies with a monthly subsidy of $9.25 for each low-income customer who uses a landline or a cell phone.

Spinning Gov. Chris Christie’s Greatest Hits

May 21, 2012

A TV ad in support of New Jersey Gov. Chris Christie supplies some misleading information about the governor’s record. The ad praises Christie and unnamed “reformers from both sides” for:

“Creating jobs.” But the state has added only 37,100 jobs since he took office in January 2010. New Jersey and national unemployment rates were identical (9.7 percent) when Christie became governor. The state’s unemployment rate is now 9.1 percent — a full percentage point higher than the national average and fifth highest among all states.

‘Obama’s Promise,’ Part II

May 18, 2012

And now, the rest of the story on that misleading “Obama’s Promise” ad from Crossroads GPS.
Besides the almost totally false claim that we covered earlier, the ad also:

Claims the president broke a promise to help homeowners facing foreclosure, when in fact 5.9 million have received assistance.
Gives a somewhat darker picture of the mortgage foreclosure situation than the facts warrant.
Exaggerates the number of persons likely to lose employer-sponsored health coverage under the new health care law.

A Bogus Tax Attack Against Obama

May 17, 2012

The latest multimillion-dollar attack ad from Crossroads GPS claims President Obama broke a promise to not increase taxes for families making less than $250,000 a year. That’s almost entirely false.
The truth is that Obama repeatedly cut taxes for such families, first through a tax credit in effect for 2009 and 2010, and beginning in 2011, through a reduction in the payroll tax that is worth $1,000 this year to workers earning $50,000 a year.

Peddling Innuendo, Exaggerations on ‘Obama’s Wall Street’

May 16, 2012

American Future Fund continues to exaggerate the facts in a new round of TV ads attacking President Obama’s ties to Wall Street. We do give the group partial credit, however, for correcting a misstatement from one ad it has re-released. It gets “partial credit” because the group corrected the error once in the revised ad, but then repeated the error elsewhere in the same ad. And the group didn’t make any revisions to address other gross misstatements in the ad.