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From tuesday night's presidential debate:
OBAMA: "There are millions of women all across the country who rely on Planned Parenthood for mammograms, for cervical cancer screenings.”
FACTS: Planned Parenthood doesn't do mammograms.
OBAMA: “So at the same time that my tax plan has already lowered taxes for 98 percent of families, I also lowered taxes for small businesses 18 times. And what I want to do is continue the tax rate -- the tax cuts that we put into place for small businesses and families.”
FACTS: Obama forgot to mention that his payroll tax cuts were TEMPORARY. He has not offered ongoing tax relief to the middle class. In addition, most of his alleged 18 small business tax cuts were not really tax cuts at all. Many of them were renewals of tax cuts that were already in place. Obama counts those as his tax cuts, even though no new tax cuts occurred. Most of the rest of Obama's "tax cuts" aren't really tax cuts either. They are tax credit incentives that require a business to spend money to receive the savings. An example is the ObamaCare tax credit that requires employers to provide health care coverage in order to receive the credit. That isn't a tax cut. It's a wash at best, but Obama pretends he has lowered small business taxes when he hasn't. Obama also forgot to mention the business tax credits that have expired on his watch, as well as the tax increases he has implemented, mainly related to ObamaCare. Some of those increases fall on the middle class. You can find a more complete list of Obama's so-called "tax cuts" here.
OBAMA: "[Romney] called the Arizona [immigration] law a model for the nation."
FACTS: Romney did NOT call the recent Arizona immigration law (S.B. 1070) a model for the nation. What Romney called a model for the nation was the E-Verify law that was passed in 2007. Obama's statement is debunked here.
OBAMA: "You can ship jobs overseas and get tax breaks for it."
FACTS: Businesses can deduct moving expenses from their taxes, just like they deduct any other costs of doing business, but there is no specific tax breaks a company receives for moving overseas. A company moving from Cleveland to Columbus could deduct moving expenses just like a company moving from Cleveland to China could. In fact, companies that move abroad face double taxation. They are taxed both in the U.S. and in the country they reside. That's a tax penalty for moving overseas, not a tax break. There is a provision in the tax code that allows companies to defer the U.S. portion of it's taxes until the money comes back to the U.S., but again, there is no tax break for shipping jobs overseas. Obama pretends there is some special incentive written into our tax code that rewards companies for moving overseas, but there is not. (link)
OBAMA: "And the production [of oil and gas on federal lands] is up....What you’re saying [Mr. Romney] is just not true."
FACTS: Some sparks flew in the debate over this one. Specifically, what Mr. Romney said was true. According to the Department Of The Interior, oil production fell by 14 percent in fiscal 2011 below the previous year on federal lands and waters, which backs up what Romney said. Natural gas production fell 11 percent over the same period. Production is not up on federal lands, as Obama would have us believe. (link) Oil and gas production has increased on private lands and overall, but not on federal lands and waters, mainly due to the moratorium following the Deepwater Horizon oil spill. In summary, in 2011 oil and gas production was up on all lands that Obama didn't control. In fairness to Obama, oil and gas drilling on federal lands did increase significantly in 2009 and 2010, according to PolitiFact, which cited EIA numbers. This reflects mostly gas increases, not oil. Republicans would argue that most of those federal leases were put into place by the Bush administration, but Bush's oil and gas record on federal land's wasn't so hot either. Production fell in four of Bush's last five years, according to PolitiFact.
OBAMA: "[Romney] wanted to take [the auto companies] into bankruptcy without providing them any way to stay open."
FACTS: Obama says regularly on the campaign trail that Romney wanted the auto companies to go out of business, but that is patently false. That is not what Romney recommended in his 2008 NY Times op-ed. Romney's point was that continuing to bailout the auto companies without restructuring them via a managed bankruptcy would be useless. Romney was right about that, and anyone who says Romney wanted to drive the auto companies out of business is not being truthful. Obama's secondary point above is that the auto companies wouldn't have had a way to stay open long enough to restructure in bankruptcy court without the bailout loans (because the credit markets were frozen due to the recession). This pre-supposes that Romney was against government assistance. I'll show you what Romney really said in his op-ed, as opposed to what some would have you believe, and you can reach your own conclusions. I will highlight parts of Romney's op-ed that you will never hear Team Obama mention.
ROMNEY: "It is not wrong to ask for government help, but the automakers should come up with a win-win proposition....But don’t ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost...The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."
OBAMA: “Let’s take the money that we’ve been spending on war over the last decade to rebuild America, roads, bridges, schools. We do those things, not only is your future
going to be bright, but America’s future is going to be bright as well.”
FACTS: This talking point is ridiculous on it's face, The federal governmet is currently borrowing nearly 40 cents of every dollar it spends. It has borrowed money to pay for the wars. Ending the wars won't come anywhere near to closing the budget deficit, so it's absurd for Obama to pretend that war money savings could be used elsewhere. Spending the money elsewhere would require more borrowing.
Obama: “Romney Invested In Companies That Were Pioneers Of Outsourcing."
FACTS: Bain did invest in companies that ended up moving call centers and factories overseas in some cases, but according to the WaPo factchecker, it's not clear if Romney was running Bain when it happened. In any case, there's a bigger picture here. Bain created lots of opportunities inside the United States as well. As Bain spokesman Alex Stanton said, “Bain Capital’s business model has always been to build great companies and improve their operations. We have helped the 350 companies in which we have invested, which include over 100 start-up businesses, produce $80 billion of revenue growth in the United States while growing their revenues well over twice as fast as both the S&P and the U.S. economy over the last 28 years.” Leave it to Obama to transform Bain's economic growth and job creation record into a negative. He's a master at painting false impressions. Plus, Obama's promise to stem the offshoring of jobs is just one more in a long line of broken Obama promises (link)
Obama: “We’ve got to make sure Tthat the wealthy do a little bit more to make sure we are serious about reducing the deficit"
FACTS: If Obama wants to get serious about reducing the debt, he's got to come up with something a whole lot better than the small amount of revenue that would be produced by his nonstop "tax the rich" mantra. NPR calculates that Obama's "tax the rich" proposal reversing the Bush tax cuts would bring in a whopping $56 billion in fiscal year 2013. That would take the deficit from $1.1 trillion to about $1.05 trillion. If this is what Obama calls "serious", then I contend Obama isn't very serious at all. His "tax the rich" talking point may play well to the low-information voter, but it isn't much of a solution to our problems. Speaking of serious solutions to the federal government's economic problems, Obama hasn't come up with any, but for some reason, the media is all over Romney, saying his numbers don't add up. What about Obama's plan, or more precisely, his lack of a plan ? Talk about numbers that don't add up. Obama's numbers never have, and they never do, but the media doesn't seem interested, despite the fact that Obama's been the President Of The United States for nearly four years. Go figure.
Democrats and liberals keep telling me Romney is the dishonest one...unfortunately for them, I can see both sides of that coin, even if they would rather not. When it comes to dishonesty, Obama takes a back seat to nobody. But at least Obama gives me plenty to write about.