Thomas Hobbes’ oft-cited phrase from 1651, “nasty, brutish and short,” does not describe the 2012 presidential campaign — unfortunately. The contest so far has been nasty all right, and disregard for the truth has been brutish on both sides, in our judgment. But alas, it won’t be over until Nov …
New reporting cites strong evidence that Mitt Romney wasn’t actively managing Bain Capital while he was running the Olympics, despite what the Obama campaign (and some news reports) would have voters believe.
Dan Primack, a senior editor at Fortune Magazine, reports on previously confidential “offering documents” that Bain circulated to potential investors in June 2000, September 2000 and again in January 2001. And he says that in each of those three documents Romney’s name is conspicuously absent from lists of senior investment managers at Bain.
Politicians talk about the burden of taxes incessantly. Now comes a rare chance to check the facts. And the fact is that federal tax rates had fallen to the lowest in 30 years when President Barack Obama took office — and fell again in his first year in office.
This news comes from the nonpartisan Congressional Budget Office, which just issued the latest update of its invaluable series on “Distribution of Household Income and Federal Taxes,”
Q: Is the new health care law “the biggest tax increase in history”?
A: In raw dollars, perhaps. But several tax increases just since 1968 were larger as percentages of the economy, or in inflation-adjusted dollars.
The Obama campaign complains that we got a key fact wrong in our June 29 article, “Obama’s ‘Outsourcer’ Overreach.” We strongly disagree. We find the Obama campaign’s evidence to be weak or non-existent, and contrary to statements Romney has made on official disclosure forms under pain of federal prosecution.
The Obama complaint claims we erred in saying Mitt Romney gave up active management of Bain Capital in early 1999 to run the 2002 Winter Olympics,
Q: How much will the “tax” penalty be for going without health insurance?
A: The minimum assessment will be $695 per person (but no more than $2,085 per family) in 2016, when fully phased in. The amount can be higher depending on income. But there are exemptions for low-income persons and others.
A TV spot from the president’s reelection committee says women are “paid 77 cents on the dollar for doing the same work as men.” That’s not true. The ad falsely states that the pay gap is for doing “the same work.” It also implies that discrimination by employers is responsible for the difference. That’s an exaggeration..
The main point of the ad is to tout Obama’s signing of the Lilly Ledbetter Fair Pay Act in 2009.
Editor’s note: A version of this opinion piece by our director, Brooks Jackson, first appeared on the website of the United Kingdom’s Guardian newspaper under the headline “Fact-checking the truthiness of the 2012 campaign” and is re-posted here with permission.
Let’s face it, voters love to hear falsehoods.
Mitt Romney proclaims that President Obama’s health care law is a “federal takeover of the U.S. health care system,” and his supporters approve. Obama’s people nodded in agreement when the president said “if you like your health care plan,
Q: Is General Motors becoming ‘China Motors’ using taxpayer dollars?
A: No. The restructured GM is still based in Detroit and is still one-third owned by the U.S. government. But it sells nearly as many cars in China as in the U.S. and has continued expanding operations there.
Is President Obama’s spending an “inferno,” as Mitt Romney claims, or a binge that “never happened” as an analysis touted by the White House concluded? We judge that both of those claims are wrong on the facts. The truth is that the nearly 18 percent spike in spending …