An ad from Karl Rove’s Crossroads GPS starts by asking, “Why isn’t the economy stronger?” The ad blames our economic troubles on the national debt, which Crossroads claims is rising because of President Obama’s spending. However, the acceleration of debt since Obama’s inauguration is largely a result of the massive recession he inherited from President Bush, who presided over historically weak economic growth even before the economic collapse. Moreover, while federal spending growth has been relatively slow on Obama’s watch, costly policies from the Bush administration continue to drive the deficit today.Read more after the jump.
60 Plus Association claims that Sen. Sherrod Brown (D-OH) has “helped our national debt increase by more than $11 trillion” by supporting “every bailout proposed by Bush and Obama,” as well as the Recovery Act and health care law. But necessary actions taken to rescue the economy have had a relatively minor impact on deficits – which were driven upward by President Bush’s policies and the massive recession he left behind – and the Affordable Care Act actually reduces the deficit.Read more after the jump.
The American Future Fund’s attack on Rep. Martin Heinrich (D-NM), who is running for the Senate, proclaims that “New Mexico’s unemployment is up 20 percent” since he took office. Of course, the ad fails to mention that Heinrich took office during the worst month of a crushing recession that predated his election – or that the state’s unemployment rate has dropped from a 2010 high of 8 percent to well below 7 percent today. The ad also repeats tired distortions of the Recovery Act and the health care law.Read more after the jump.
An ad from Let Freedom Ring accuses President Obama of “gas price hypocrisy,” suggesting that a clip of Obama speaking on the campaign trail in 2008 contradicts remarks he made in March 2012. In both speeches, however, Obama espoused the same position: that there is no “silver bullet” for an immediate reduction in gas prices, and that instead we must develop alternate energy sources in order to end America’s dependence on foreign oil. Even so, under President Obama, domestic oil production and exports are up, but since oil is traded on a global market, increased domestic drilling doesn’t have much of an impact on gas prices.Read more after the jump.
In an ad titled “Public Equity,” American Crossroads counters President Obama’s criticism of Mitt Romney’s business record by claiming the Obama administration’s “failed investment strategies” are to blame for lost jobs and wasted tax dollars. Crossroads starts by maligning Obama’s auto bailout, which is widely credited for saving the automotive industry; in fact, the industry has gained over 100,000 jobs under the Obama administration. The ad goes on to attack the government’s investment in Solyndra while obscuring the facts about Department of Energy’s loan guarantee program, using clips of a factually flawed news report to overstate the riskiness of the government’s investments.Read more after the jump.
In an ad titled “Basketball,” Crossroads GPS portrays a working mother whose adult children are living at home because they “can’t find jobs to get their careers started.” The woman says that she now regrets voting for President Obama because, as her family’s struggles demonstrate, “things have changed for the worse” under his administration. Despite the ad’s softer tone, however, it relies on the usual distortions of Obama’s record on the economy, health care, and the debt.Read more after the jump.
The U.S. Chamber of Commerce opens its attack on Sen. Claire McCaskill (D-MO) by declaring, “Washington is standing in the way of job creation, and it’s getting worse.” That statement, of course, is blatantly false: The private sector has added 4.5 million jobs in the last 29 months, and Missouri’s unemployment rate has gone down. Making matters worse, the Chamber’s argument relies on McCaskill’s support for the Affordable Care Act, but the GOP claims that the health care law will “kill jobs” has been repeatedly debunked.Read more after the jump.
In an ad supporting Arizona Republican Jesse Kelly, who is running for the seat previously held by Rep. Gabrielle Giffords (D-AZ), Citizens United makes several false claims about the Affordable Care Act. The ad misleads viewers about the health care law’s impact on seniors, the economy, and the deficit. Citizens United further praises Kelly for supporting a full repeal of the law, a step that would increase the deficit and have disastrous consequences for millions of Americans.Read more after the jump.
The American Future Fund (AFF) is deviating from the conservative line that President Obama wants to punish the rich with an ad accusing Obama of “protecting his Wall Street donors.” However, despite the ad’s suggestion that Obama is a tool of the big banks, Wall Street donors have flocked to the Republican Party in the wake of Democratic reform efforts. In this election cycle, no politician has benefitted from Wall Street’s largesse more than Mitt Romney, who has collected more than twice as much as the president from the financial sector.Read more after the jump.
An ad from the secretive American Future Fund (AFF) makes a series of claims about the economy to argue that Americans are not “better off” under President Obama. But the ad the ignores the impact of the calamitous recession Obama inherited – as well as more than 4.5 million private-sector jobs over the last 29 months of growth – and cites misleading statistics to paint an inaccurate picture of Obama’s record.Read more after the jump.