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Pinocchio Politics

Between budget battles and elections, politicians and media supporters spin wildly to advance their own positions, leaving the public misinformed. In this column we will attempt to unravel some of the worst spins.


Worst Economy, I Think!

In 2008, now Pres. Obama said, "...we are in the worst economy since the Great Depression."

In 2011, Pres. Obama said, "...I did not realize the magnitude of the recession."


Campaign Tricks!

In a March 2012 campaign ad, Pres. Obama took credit for U.S. oil production being at an eight year high.

Sure enough U.S. domestic oil production peaked at over 2 billion barrels in 2011, an increase over the prior eight years.  However, according to the U.S. Energy Information Administration (EIA),  Federal lands, over which Mr. Obama has control, produced only 31.8% of domestic oil.  This was down from the nine year average of 33.4%.  The production increase came from private lands over which the president has no control.  According to the same EIA report, 2011 oil production on Federal lands decreased by 13% below 2010.


Presidential Whopper!

During the Healthcare Summit and his 2010 State of the Union message, Pres. Obama declared the healthcare bill would cut the federal deficit to help the economy.

A March 2010 CBO report seemed to confirm this.  But law requires the CBO to use whatever politically derived assumptions Congress presents.  Since these assumptions are often unrealistic, the agency's reports generally include disclaimers.  The media ignored the warnings, leaving the impression the bill did what it did not. 

Today we know the administration and Congress used numerous "tricks" such as double counting Medicare savings to create the illusion the bill costs less than it does.  We also know these false savings enabled Congress to use the budgetary reconciliation process requiring 51 rather than the unobtainable 60 votes for passage.

Mr. Obama was honest about one point.  On January 27, 2010, he promised the nation he "wouldn't just do what was popular -– I would do what was necessary" to manage the economy. True to his word, he ignored the 61% of Americans opposing the healthcare plan,  the 79% who believed the bill would increase the deficit and the 85% who felt it would raise taxes. The president did not do what was popular, but what he felt was necessary.