Archive for debunked

Debunking a few of Romney’s most persistent campaign lies about President Obama

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Via @ Msmaggiern

 

Greg Sargent wrote a lengthy post that included some of the most persistent lies about President Obama that Mitt Romney has told over the course of his campaign. We’ve addressed these before, but since the election is finally upon us, it never hurts to review them and refer you to the some of the official debunkitude. Especially since Romney’s entire campaign is based on nothing but lies and evasion.

1. Romney: President Obama promised that the stimulus would keep unemployment under 8 percent.

Reality:

Far from being anything that Obama said, the Romney campaign acknowledges that this 8 percent figure comes from a staff-written projection issued Jan. 9, 2009 — before Obama had taken the oath of office. Of course, the campaign still spins it as a negative.

Here’s what happened. Two Obama aides, Christina Romer, the nominee to head the Council of Economic Advisers, and Jared Bernstein, an incoming economic adviser to Vice President-elect Biden, wrote a 14-page report that attempted to assess the impact of a possible $775 billion stimulus package and how much of a difference it would make compared to doing nothing.

Thus, it was not an official government assessment or even an analysis of an actual plan that had passed Congress.

2. Romney: President Obama went on around the world on an “apology tour.”

Reality:

In a lengthy article on the Fact Checker blog, we tracked down every statement Obama uttered that partisans claim was an apology, and concluded that each one had been misquoted or taken out of context. [...]

Take it from us: The apology tour never happened.

3. Romney: President Obama added “nearly as much debt as all the previous presidents combined.”

Reality:

[T]he numbers don’t work. The national debt stood at $10.626 trillion on the day that President Obama took office. It now stands slightly above $15 trillion.

4. Romney: President Obama “is the only president to ever cut $500 billion from Medicare.”

Reality:

Columbia Journalism Review,  May 21, 2012: The facts were and still are these: The health reform law, aka the Affordable Care Act, does call for cutting $500 billion from Medicare to help finance subsidies for the uninsured. The administration portrayed these as “savings”—in other words, money not spent for Medicare that could be used for another purpose. But the important take-away is this: the law does not cut a dime from the basic Medicare benefits seniors receive. All seniors will still get hospital benefits, coverage for physician services, lab tests, hospital outpatient care, prescription drugs, and so on, and will continue to receive them unless pols on both sides of the aisle succeed in changing the fundamental structure of Medicare.

For the record.

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Ronald Reagan’s budget director: Romney “job creator” claims “dead wrong.”

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David Stockman was Ronald Reagan’s budget director, and he is challenging, skewering, dissecting, and examining in great detail something that the “mainstream media” won’t in his lengthy article in Newsweek: All that boasting by Mitt Romney about being a “job creator” who could successfully run this country as a business and create miraculous wealth for Americans.

Shorter Stockman: Oh come now:

Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise. Nevertheless, Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital [...]

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value.  [...]

I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. [...]

The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history. [...] Bain’s acclaimed success with another retailer—Staples—is also not what it is touted to be. [...] The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.

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VIDEO: Team Obama debunks Romney’s debate lies

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Team Obama’s rapid response team has been right on top of things this election season, as they should be. What makes it so easy is Willard M. Romney. He lies with such ease, but there are consequences. The debunking of his overwhelming number of false statements ends up taking over the news cycle, which is exactly what happened after the GOP convention when the media fact-checked Paul Ryan.

Mitt Romney didn’t tell the truth about his tax plan, his plan for Americans with pre-existing conditions, his Medicare plan, nor the President’s Medicare plan.

Why would Romney not tell the truth about what he’d do as President? Because his real plans would hurt the middle class.

UPDATE: But wait! There’s more!

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VIDEO: Debunking the myths about the Supreme Court health care decision

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Visit msnbc.com for breaking news, world news, and news about the economy

Ed Schultz and Richard Wolffe had a field day.

Wolffe:

“They now have the Supreme Court ruling against them… All that tea party waving the Constitution stuff doesn’t hold up any more.

“Now the president has a conservative vote for health care, and that vote came from a man called John Roberts.”

You have to believe, you have to lead people to believe, that everyone’s gonna pay the tax. That means nobody’s buying health insurance any more! I mean, what kind of fantasy land is that? You can only do this by distorting things…”

“Remember Mitch McConnell’s strategy here…”

Oh, we do, Richard, we do:

Via The Hill:

The policy is not a tax increase because people have a way of avoiding it, [Rep. Henry Waxman (D-Calif.)] said.

“It’s a penalty, but through the tax code, because that’s an efficient way of picking it up,” he said. “So when Republicans say this is a tax — and I’ve seen charges this is the biggest tax increase in American history — that’s ridiculous. This is not a real tax increase. It’s a requirement that everybody get health insurance.”

It’s not even a real penalty, because the IRS is forbidden from enforcing it. Nobody gets punished if they fail to pay the flat fee.

You simply have to link over and read Marco Rubio’s magic “solution” to those who don’t like Romneycare.

More debunkitude here.

Please watch the entire segment, it’s well worth it:

Visit msnbc.com for breaking news, world news, and news about the economy

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Koch-backed group launches $9 million ad campaign against health law; time to debunk their lies.

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Out here in California, I’ve been seeing anti-EPA (Environmental Protection Agency) ad after anti-EPA ad on the Tee Vee machine, sponsored by guess who? The coal industry! Surprise! That has to cost them a pretty penny (and a dirty one).

Now I see the Kochs are walloping the Affordable Care Act with attack ads, and why not? They’ve got millions upon millions to burn, so why not start smearing and lying now?  Via The Hill:

A conservative advocacy group closely aligned with the Tea Party announced a $9 million swing-state push against President Obama and the healthcare law.

The announcement by Americans for Prosperity (AFP), which is largely funded by the conservative Koch brothers, comes one day after the Supreme Court ruled to uphold the vast majority of the law in a major coup for Obama.

Know what AFP President Tim Phillips said after the court ruling? “This is far from over.”

Fine with us. If the GOP wants this to be an issue, let’s make it one. We can start with educating voters the way the president did the other day.

A-a-and here come the lies:

The television ad calls the health law “one of the largest tax increases in history” — a refrain expected to form the foundation of GOP arguments against the law as the election draws near.

Shouldn’t President Obama’s priorities have been creating jobs and ending reckless spending?” the ad’s narrator says.

Time to set the record straight. First let’s address the tax increase:

Obamacare includes the largest middle-class tax cut for health care in history. According to the independent Congressional Budget Office, 19 million people will receive tax credits worth an average of about $4,800 each to help them afford health care. These tax credits will finally put health insurance within reach for millions of American families.

Psst! KochHeads! It’s not a tax increase. And the penalty is not large by any stretch of the imagination: 

The annual penalty is capped at an amount roughly equal  to the cost of the national average premium for a qualified health plan — in other words you cannot be forced to pay more than it would have cost to buy a plan in the first place.

Flat dollar amount for individuals:  $95 in 2014; $325 in 2015; and $695 in 2016; increases indexed to inflation after that, subject to a cap.

Hey, I know! They can call it a flat tax! Then they’d be all for it! Oh, but I kid the RWNJs.

And they might try addressing those vehemently anti-tax comments to their own candidate, since Willard Romney fully supported the same thing he’s now against in his plan-with-mandate-and-tax-penalty, too:

As for creating jobs, the president’s got that covered, by way of over 4 million private sector jobs; the economy has already added more jobs than in Bush’s first three years in office combined.

Those on the right are telling lies, lies, and more lies. Of course, Team Romney and his supporters would have you believe otherwise. But you know what they say:

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Mitt Romney’s talking points about Pres. Obama’s health care plan debunked by CBO director

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Via

Willard Romney and the GOP in general love to point and laugh and deride President Obama’s Affordable Care Act and then feign outrage and instill voter fear over how it’s already *gasp!* destroying small businesses.

Oh em gee! See how bad the president is for our economy?

Except for one thing: The director of the Congressional Budget Office says that’s a lot of hooey:

“We don’t think that the health care law is having a significant impact on the economy today.”

The L.A. Times has a longer piece up about this. Here’s a snippet…

WASHINGTON — Even as President Obama‘s healthcare law expands health coverage and transforms the way millions of Americans get medical care, it will have little effect on the nation’s total healthcare bill, according to a new government report on national healthcare spending.

…but Livewire boils it down to this:

“Romney Talking Points Debunked By CBO Chief.”

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VIDEO: The answer to the recession that GOP believes in, but with a Dem in the White House, will not support

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Visit msnbc.com for breaking news, world news, and news about the economy

Not only is “government employment” (public sector jobs) popular, it also lowers the unemployment rate and allows Americans to buy things, which in turn helps businesses, which in turn boosts the economy.

But the GOP insists on blocking the very things that would improve the situation we’re in, because Obama is the president and they don’t want him to succeed.

One way President Obama supports stimulating the economy is through government spending, the very thing previous Republican presidents did, as Ezra Klein clearly points out in the video. Hiring teachers, firefighters, and police officers has been rejected by Willard Romney, as has government spending, even though he knows better:

Halperin: Why not in the first year, if you’re elected — why not in 2013, go all the way and propose the kind of budget with spending restraints, that you’d like to see after four years in office?  Why not do it more quickly?

Romney: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%.  That is by definition throwing us into recession or depression. So I’m not going to do that, of course. [...]

Cutting government spending will throw us into a recession or depression? No Christmas cards from the Ryan household this year, Willard.

Austerity isn’t working in Europe, and it won’t work here. Short-term spending would.

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