A TV ad in Arizona’s 1st Congressional District and a mailer in Ohio’s 15th both accuse Democratic candidates of voting to give out huge Wall Street bonuses. That’s way overblown. The American Recovery and Reinvestment Act, also known as the stimulus bill, included less stringent restrictions on bonuses than those in an earlier version of the legislation, but that’s hardly the same as handing out bonuses.
The Arizona ad, funded by the National Republican Congressional Committee, says that Rep.
In episode 28 of our podcast, we look at misleading ads from freshman House Democrats who claim they voted against the bank bailout bill, which passed before they took office. Also, we debunk a chain e-mail about taxes, and we highlight a perfect example of how deceptive editing is used in political advertising.
For more on the stories discussed in this episode, see:
Democratic Bailout Baloney Sept. 3
More Bailout Baloney Sept. 8
Attack on Giffords Comes Up Short
Four more freshman House Democrats are claiming in ads to have opposed the Wall Street bailout.
We wrote last week about five ads being run by first-term Democrats claiming they voted against the bailout, which created the unpopular Troubled Asset Relief Program. But Congress approved the bailout program before these lawmakers were even elected, much less sworn in.
It appears the misleading claim is contagious: Now Betsy Markey of Colorado and Mark Schauer of Michigan all have new ads that contain that assertion.
The April 20 explosion that started oil gushing into the Gulf of Mexico has prompted a slew of claims and counterclaims about the disaster. What caused it, how it’s being handled, the history of drilling accidents in the area – all are subjects ripe for false or misleading statements by politicians and others. …
This campaign season, “bailout” is a dirty — and often misused — word. It’s no longer being used just in reference to Wall Street banks and the rescue of the financial industry. Candidates, corporations and special interest groups increasingly use “bailout” even when no government financial assistance is being proposed. …
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.
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,
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,
A recent TV ad from Arkansas Lt. Governor Bill Halter claims that Democratic Sen. Blanche Lincoln "says she voted against bailing out Wall Street." That’s not what Lincoln said. The two are campaigning in the Democratic primary for the Senate.
Halter’s ad refers to a Lincoln campaign ad from March in which she said she has voted against "giving more money to Wall Street."
Lincoln never denied voting in favor of the 2008 Troubled Assets Relief Program,
A third-party group, the Committee for Truth in Politics, is out with an ad blasting the House’s "Wall Street Reform and Consumer Protection Act." The group, which has no Web site and has made no disclosures to the Federal Election Commission, was created by a North Carolina GOP operative, according to National Public Radio, and is represented by lawyer James Bopp, who sued the FEC on the grounds that the group shouldn’t have to file any kind of spending report to that agency.