The 60 Plus criticizes Rep. Ron Barber (D-AZ) for supporting President Obama, blaming the president’s policies for the number of Americans who are still looking for work or receiving food stamps. The truth is that Obama inherited an economy that was losing hundreds of thousands of jobs per month and forcing millions of Americans to rely on government assistance, as Americans suffered through the worst downturn since the Great Depression. Today the economy is growing, the private sector has added almost 5 million new jobs in the last 32 straight months, and consumer confidence has climbed to its highest level since February 2008. The ad also blames the Obama for the rising debt, but the real culprits are Bush-era policies and the recession itself, and Republicans have repeatedly blocked Obama’s deficit-reduction proposals.Read more after the jump.
Issues: Bush Tax Cuts
Ending Spending claims that Rep. Joe Donnelly (D-IN) is “spending our future away,” connecting his support for the health care law and the Recovery Act to the rising debt. However, the Affordable Care Act actually reduces the deficit, while the stimulus bill created jobs and helped rescue the economy from a deeper recession. In reality, Bush administration policies and the recession itself caused deficits to explode in recent years.Read more after the jump.
An ad from Crossroads GPS nonsensically attacks New Mexico Senate candidate Rep. Martin Heinrich both for too much spending and for a vote that may result in spending cuts. In reality, it was the recession and policies like the Bush tax cuts – both rounds of which Heinrich’s opponent voted for – that drove up debt. The automatic spending cuts are looming thanks to Republicans’ refusal to compromise on deficit reduction; when Heinrich voted for the last-minute deal that imposed those cuts as an incentive for a super committee to find compromise on deficit reduction, his primary concern was raising the debt limit and avoiding the economic catastrophe that would have resulted from default.Read more after the jump.
American Crossroads hits Nebraska Senate candidate Bob Kerrey (D) for opposing a balanced budget amendment and supporting health care reform and cap-and-trade. But current debt levels are due to the recession and Bush-era policies, not to the absence of a constitutional balanced budget amendment, which would make it harder for the government to respond to economic downturns. Kerrey’s position on health care is that the law must be amended rather than fully repealed, which would have negative consequences that include kicking millions of people off insurance and forcing seniors to pay more for care. In context, the former senator’s remarks on cap-and-trade legislation make it clear that Kerrey views climate change as a moral issue without dismissing its impact on jobs and the economy.Read more after the jump.
American Crossroads wants to know what it is about President Obama’s first term indicates that “another four years would be better” if he wins the election. The answer is simple: Obama inherited an economy that was losing hundreds of thousands of jobs per month, as Americans suffered through the worst downturn since the Great Depression. Today the economy is growing – as evidenced by 4.97 million new private-sector jobs created in the last 32 months – and consumer confidence has climbed to its highest level since February 2008. The ad also blames the Obama’s spending for the rising debt, but the real culprits are Bush-era policies and the recession itself, and Republicans have repeatedly blocked Obama’s deficit-reduction proposals.Read more after the jump.
American Crossroads accuses Senate candidate Rep. Joe Donnelly (D-IN) of “voting for Barack Obama’s agenda,” pointing to the health care reform law and a 2009 budget vote. Contrary to the ad’s claims, however, the Affordable Care Act doesn’t “cut” Medicare, and while the budget Donnelly supported letting Bush tax cuts expire for top earners, few of those in the top brackets are actual small businesses.Read more after the jump.
Americans for Tax Reform targets former Ohio congressman Charlie Wilson’s (D) support for ending the Bush tax cuts for the wealthy, which the group claims will hurt small businesses and kill jobs. However, conservatives rely on a dubious definition of “small business,” and allowing the top tax bracket to return to its pre-Bush level would not affect many actual employers. In addition, ATR’s charge that phasing out the tax breaks would cause job losses is based on a flawed study that assumes the revenue will not go toward deficit reduction, which is exactly what Wilson and other Democrats have proposed.Read more after the jump.
American Crossroads blames Montana Sen. Jon Tester (D) for debt that was caused by the recession and policies like the Bush tax cuts, both rounds of which his opponent supported. The ad cites a series of votes to prove its point, but the votes were primarily on bills to prop up a floundering housing market and economy or to raise the debt ceiling, a maneuver that doesn’t authorize new spending but does prevent the economic catastrophe that would result from defaulting on our obligations.Read more after the jump.
The Congressional Leadership Fund accuses Illinois House candidate Brad Schneider (D) of supporting “an extreme tax hike on the middle class,” but offers no evidence whatsoever for its claim. In reality, Schneider supports extending the Bush tax cuts on all income under $250,000 while allowing tax breaks for top earners to expire, which would help reduce the deficit without harming job creation.Read more after the jump.
A Restore Our Future ad titled “Flatline” suggests that the economy is “dead” and will stay that way as long as President Obama is in office. That’s absurd: Under Obama, the enormous monthly job losses President Bush left behind have turned into steady private-sector growth, including 4.97 million new jobs in the last 32 months.Read more after the jump.