Sunday, October 7, 2012

A "FactCheck.org" look at some of the election issues

1.    How much has the federal debt gone up under Obama?
During his first three years in office, it rose $4.7 trillion, an increase of 45 percent.
2.    A fact check of President Obama’s claim that Gov. Mitt Romney’s tax plan calls for a $5 trillion tax cut … “Not True. Romney proposes to offset his rate cuts and promises he won’t add to the deficit.” FactCheck.org – October 4, 2012
3.    Romney blames Obama for the cost of gasoline doubling, but that’s misleading. Gasoline prices happened to be unusually low when Obama took office due to the recession and financial crisis. – FactCheck.org – September 20, 2012
a.    Who determines what is unusually low? 
b.    They don’t deny that the fact of gasoline doubling (or more) is true.
4.    Romney says health insurance premiums have gone up $2,500 under Obama. The actual increase has [only] been $1,700, most of which was absorbed by employers and only a small part of which is attributable to the health care law.
a.    Who do they think pay for it when employers have to pay more? Santa Clause? Obama? No, it is either in reduced wages/increases or higher prices for products the companies make or services they provide.
5.    Romney says median family income dropped $5,000 under Obama. That’s an exaggeration. The true loss of inflation-adjusted, median family income was [only] $3,290 during Obama’s first three years. 
6.    Obama oversold his health care law, claiming that health care premiums have “gone up slower than any time in the last 50 years.” That’s true of health care spending, but not premiums. FactCheck.org – October 4, 2012.
7.    The president did pledge to cut them [deficits] in half by the end of his first term during his State of the Union address on Feb. 24, 2009. A Congressional Budget Office analysis of the president’s latest budget plan doesn’t show the deficit being cut in half until 2014. FactCheck.org – October 4, 2012


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