In episode 10 of FactCheck Radio, we puncture claims from the Sunday shows about immigration and BP’s regulatory receptiveness, and talk about some misleading allegations involving TARP.
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For more on the stories discussed in this episode, see:
Sunday Replay May 3
General Motors’ Debt May 3
Over the Top on TARP April 30
A Big Webby Win for FactCheck May 4
Stories by Lori Robertson
Managing Editor, FactCheck.org
Labor, More So Than Lincoln, Saved Arkansas Jobs
In the Arkansas Democratic Senate primary, an ad from Sen. Blanche Lincoln claims that "she saved 1,700 Cooper Tire employees from losing their jobs to Chinese imports." But a labor union supporting her more liberal opponent countered with an ad in which a Cooper Tire worker says: "We saved our own jobs and we had to take big pay cuts to do it." We find the labor claim to be true, and Lincoln’s to be a bit of an exaggeration.
General Motors’ Debt
Q: Did General Motors repay its TARP loan from the Treasury with other TARP money?
A: Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest. It used TARP money it had already received but hadn’t spent. And taxpayers are still stuck with GM stock that isn’t worth what was paid for it.
Twitter, and the Pennsylvania 12th
In episode 9 of FactCheck Radio, we debunk false tweets from the political parties on Twitter, and we look at dueling ads in a special election to fill a House seat in Pennsylvania.
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For more on the stories discussed in this episode, see:
Mis-Tweets on Twitter April 28
A False Hit on Critz April 22
Another False Tax Attack (And One That’s Just Deceptive) April 21
Sunday Replay
We found a few claims worthy of comment on the Sunday political talk shows.
On NBC’s "Meet the Press," Republican Sen. Richard Shelby of Alabama said that President Obama was being "misleading" when he boasted about General Motors and Chrysler repaying the government:
"Meet the Press" host David Gregory: The president was boasting yesterday that GM and Chrysler have paid off their debts, not completely, but, but, but way ahead of schedule. TARP is now $186 billion back.
More Regulatory Rhetoric
A new attack ad targeting three Democratic senators and one Republican criticizes "hidden taxes on … pensions and retirement accounts" in the financial regulation legislation being considered by Congress, and urges the senators to "vote against this phony financial reform."
The ad gives a false impression. The Senate bill doesn’t contain the tax mentioned in the ad.
The ad is the work of a less-than-transparent group calling itself "Stop Too Big To Fail," which says its $1.6 million ad buy is targeting senators in Nevada,
California Governor’s Race, and More on Health Care
In episode 8 of the FactCheck Radio podcast, we look at a false and misleading ad attacking GOP candidate Meg Whitman in the California gubernatorial race, and we debunk more claims about the health care law.
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For more on the stories discussed in this episode see:
California Dreaming April 15
More Malarkey About Health Care April 19
The Bailout Bill?
Does the financial regulatory bill put an end to taxpayer-funded bailouts? Or does it "institutionalize" them? Viewers of the Sunday political talk shows and recent C-SPAN clips from the Senate floor might well be wondering, as Democrats (the "end of bailouts" crowd) and some Republicans (the "institutionalize" camp) have made these contradictory claims.
No piece of legislation can guarantee that a future Congress won’t allow the federal government to prop up a failing financial institution. But claims that this bill makes taxpayer-funded bailouts a permanent fixture are misleading,
Tax Breaks and a ‘Private Army’
In episode 7 of our podcast, we look at a Democratic ad that falsely claims a Republican House candidate pledged to protect tax breaks for companies that send jobs abroad. We also tell listeners about the political involvement of Massey Energy, the company involved in the West Virginia mining disaster, and we explain the truth behind Internet rumors claiming the health care law gives the president a “private army.”
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Shady Deals in the Sunshine State?
Florida Gov. Charlie Crist has launched another ad attacking GOP primary opponent Marco Rubio — and the ethics and legality of his past dealings. They’re campaigning to get the Republican nod for a Senate seat being vacated by Sen. Mel Martinez. The primary is in August.
Crist’s ad draws parallels between Rubio, a former state House speaker, and Ray Sansom, Rubio’s budget chairman when he was speaker and, until recently, a state representative. The ad claims both were known for "preposterous deal-making,"