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A Project of The Annenberg Public Policy Center

The $79 Billion Iraqi Surplus, Re-reconsidered

During the 2008 campaign, we repeatedly called out then-candidate Barack Obama for complaining that the U.S. was spending billions in Iraq while the Iraqi government sat on a projected $79 billion surplus. We said that Obama’s projection didn’t account for updates to the Iraqi budget. But things were slightly more complicated than we originally thought: On paper, Iraq’s budget showed a surplus of up to $57 billion, but the U.S. Government Accountability Office pointed out that the Iraqi government had shown little ability to spend all that it had budgeted.

‘Clean Coal’ Confrontation

On the campaign trail, President Obama embraced the coal industry’s vision of “clean coal” technology. But even before he took office, a coalition of environmental groups (including Al Gore’s) launched ads ridiculing the idea as a myth: “In reality, there’s no such thing as clean coal.” We’re sure to hear …

EPA Tax on Cows and Pigs?

Q: Is the EPA considering a tax on cows and pigs?
A: No. The farm lobby warned that EPA “could” push for such a tax, but EPA never proposed any such thing and says it lacks authority to impose one anyway.

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.

Obama 68 Million Acre Boast

Obama was off the mark when he said that oil companies have “68 million acres that they’re not using.”
As we’ve pointed out previously, those 68 million acres of land are not producing oil, but they are not necessarily untouched. In fact, in 2006, the last year for which figures are available, there were a total of more than 15,000 holes that were being proposed, started or finished. These acres of land that these holes sit on are not counted as being “producing,”

The Return of the Oil Slick

McCain accused Obama of voting for a “Bush and Cheney” energy bill that gave away billions to oil companies. McCain is referring to the Energy Policy Act of 2005, which Obama did in fact vote for. Sen. Clinton raised this same charge against Obama during the Democratic primaries. It was misleading then and it’s equally misleading now.
In fact, according to a Congressional Research Service report, more tax breaks were taken away from oil companies than were given. 

2005 Energy Bill Deja Vu

Palin threw out an old canard when she criticized Obama for voting for the 2005 Energy bill, saying, “that’s what gave those oil companies those big tax breaks.”
It’s a false attack Clinton used against Obama in the primary and McCain himself has hurled. It’s true that the bill gave some tax breaks to oil companies, but it also took away others. And according to the Congressional Research Service, the bill created a slight net increase in taxes for the oil industry.

The Whoppers of 2008

Summary
Normally we post a “Whoppers” compilation the week before Election Day. This time we’ve already seen such a large number of twisted facts, misleading claims and outright falsehoods that we are doing that now.
It’s not just Sarah Palin’s claim about killing the bridge project that she had supported until it became a national laughingstock and Congress turned against it. That’s just the whopper that got the attention of many news organizations earlier this month.

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.”

More on Palin’s False Energy Claim

There’s more on Sarah Palin’s claim, made in her ABC News interview, that Alaska produces 20 percent of the nation’s energy supply. As we noted in our original article, official statistics from the federal government show that Alaska produces only 3.5 percent of the total energy produced in the U.S., and 2.4 percent of the energy consumed.
McCain-Palin campaign officials said she meant to say that Alaska accounts for 20 percent of the nation’s oil and gas production,