Q: Are three former Fannie Mae executives "economic advisers" to Obama?
A: No, claims made in a chain e-mail are false. Jim Johnson advised on non-economic matters but quit after a week. Franklin Raines says he took a "couple of calls" but was never an adviser. We find no evidence Tim Howard ever had a connection to the Obama campaign.
Person: Barack Obama
FactChecking Debate No. 2
Summary
McCain and Obama debated for the second time, in Nashville. We noted some misleading statements and mangled facts:
McCain proposed to write down the amount owed by over-mortgaged homeowners and claimed the idea as his own: “It’s my proposal, it’s not Sen. Obama’s proposal, it’s not President Bush’s proposal.” But the idea isn’t new. Obama had endorsed something similar two weeks earlier, and authority for the treasury secretary to grant such relief was included in the recently passed $700 billion financial rescue package.
Sadly, Mostly True
Summary
On the eve of their second presidential debate, McCain and Obama released TV ads accusing one another of untruthful attacks. Both are essentially accurate, though each tells only half the story.
McCain’s ad cites Obama spots that have falsely accused him of supporting a 50 percent cut in Social Security benefits, that twisted his words about deregulating health insurance markets and that falsely accused him of opposing stem-cell research.
Obama’s ad says McCain is resorting to "smears that have been proven false."
Oversimplifying the Fiscal Crisis
It’s finger-pointing time again, with each candidates blaming the other for the financial crisis. McCain called Fannie Mae and Freddie Mac the “catalyst” for the crisis and blamed Obama for failing to sign on to a bill to rein in the FMs. Obama countered that it’s a culture of deregulation and lack of oversight that caused the problem.
We’ve been here before. Both candidates have a point: Democrats really have fought regulation of the FMs and McCain has in fact been in favor of deregulation.
‘Dishonorable’
Summary
A McCain-Palin ad calls Obama "dishonorable," while distorting his words and votes on troop funding.
It accuses him of saying "our troops in Afghanistan" are just bombing villages and killing civilians. What Obama said, in context, was a criticism of U.S. military strategy, and not of American troops.
It accuses Obama and "Congressional liberals" of voting repeatedly to cut off funding for troops, "increasing the risk on their lives." In fact, the votes were for bringing the troops home,
Obama’s Brother in Kenya
Q: Is Obama’s brother really dirt poor in Kenya and living on a dollar a day?
A: CNN tracked down George Obama, and he said that he was "brought up well" and "live[s] well now."
Candidates’ Congressional Past
Q: How long have Obama and McCain been in Congress?
A: Obama has been in the U.S. Senate since January 2005. McCain joined the House in Jan. 1983 and the Senate four years later. A chain e-mail that purports to show their time in Congress give a bogus comparison.
More Social Security Spin
Summary
An Obama-Biden TV ad once again twists McCain’s position on Social Security.
It claims he backed a "plan to risk your Social Security in the stock market." In fact, the plan McCain endorsed in 2005 would have been voluntary, and workers could have put only one-third of their Social Security pension fund taxes into private accounts.
The new ad also asks viewers to imagine "your future retirement benefits" invested in Lehman Brothers, AIG or Merrill Lynch,
Obama’s Stem Cell Spinning
Summary
An Obama-Biden radio ad hammers McCain for being opposed to stem cell research. Not true. Meanwhile two spots from the McCain-Palin campaign, together with the Republican National Committee, describe McCain’s support for the research; they’re largely accurate.
By saying that "John McCain has stood in the way – he’s opposed stem cell research," the Obama ad seriously misstates the view that McCain has held on this issue since 2001, when he began backing embryonic stem cell research,
Not Coming Clean on Coal
Summary
The McCain-Palin campaign is airing radio ads in four states claiming that the Obama-Biden ticket "oppose[s] clean coal." That's false:
Obama's energy plan, which he began promoting well over a year ago, calls for investing in "low emissions coal plants" and creating "5 'first-of-a-kind' commercial scale coal-fired plants with carbon capture and sequestration." His position in support of clean coal has been clear.
The ad's claim rests solely on a remark Biden made when questioned while shaking hands on a rope line in Ohio.