The AP is actually checking facts? No way! Hmmm. Maybe they are. But checking facts of Teh One? No way! Go over there and read them all. It’s about time the MSM got off their ass. Will it last, or will they get back to sucking off Teh One?
FACT CHECK: Obama’s words on home aid ring hollow
OBAMA: “Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn’t afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day.”
THE FACTS: This may be so, but it isn’t only Republicans who pushed for deregulation of the financial industries. The Clinton administration championed an easing of banking regulations, including legislation that ended the barrier between regular banks and Wall Street banks. That led to a deregulation that kept regular banks under tight federal regulation but extended lax regulation of Wall Street banks. Clinton Treasury Secretary Robert Rubin, later an economic adviser to candidate Obama, was in the forefront in pushing for this deregulation.
Related:
President’s Auto Gaffe No Laughing Matter
In his address last night, president Obama implied that an American invented the automobile (”The nation that invented the automobile cannot turn away from it”). It doesn’t matter that the president was unaware this is false. Politicians can’t be expected to know everything
What matters is that neither he nor anyone in his inner circle apparently thought it was important to fact check his first major speech to the nation. What other parts of his speech and policy platform are based on mistaken assumptions, we might well wonder?
Alas, some very important ones. In his campaign fact sheet on “21st century threats”, then-candidate Obama declared that
When Sputnik was launched in 1957, President Eisenhower used the event as a call to arms for Americans to help secure our country and to increase the number of students studying math and science via the National Defense Education Act.
Related:
The Truth about Medical Bankruptcies
During his speech to Congress last night, President Obama declared that health care costs “causes a bankruptcy in America every thirty seconds.” His numbers are just a little bit off.
Truth, Lies and In Between 