Issues: Recession

American Action Network: “Tax And Spend”

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American Action Network goes after congressional candidate Val Demings (D-FL) over her support for the Recovery Act and for ending the Bush-era tax cuts for the wealthy, saying she supports wasting Floridians’ money. But the stimulus, which passed without any involvement from first-time candidate Demings, helped save the economy from an even worse recession, and ending the Bush tax cuts for top-tier earners would impact few real small businesses.

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American Crossroads: “At Stake”

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Clint Eastwood may not speak to an empty chair in the ad he filmed for American Crossroads, but he’s no less confused about President Obama’s record than he was during his infamous performance at the Republican National Convention. The octogenarian actor says, “In the last few years, America’s been knocked down,” ignoring nearly five million new private-sector jobs created in the last two-and-a-half years of growth. He also wrongly blames Obama for high deficits driven mainly by Bush policies, such as tax breaks for the wealthy, and the recession the president inherited.

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Americans for Tax Reform: “B is for Barrow”

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Grover Norquist’s anti-tax organization, Americans for Tax Reform, released an ad attacking John Barrow (D-GA). The group, which pushes Norquist’s rigid “Taxpayer Protection Pledge,” cites Barrow’s votes for the banking and automotive bailouts as reasons against Barrow’s re-election. However, the ad never mentions the economic context that made both bailouts necessary, or that the bailouts worked. The automaker bailout, for example, saved over a million American jobs in 2009-2010 and one of America’s largest industries.

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American Crossroads: “Survive”

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An ad from American Crossroads features two small business owners talking about the challenges they face, which they blame on President Obama’s policies. However, despite the statements in the ad, the conservative charge that taxes and regulations are holding back job growth is not supported by the evidence. Instead, experts cite consumer demand, which plummeted as a result of the recession Obama inherited, as the key to increased hiring. While we are still recovering from the devastating impact of the recession, the private sector has added 4.7 million new jobs over the last 31 consecutive months of growth. Meanwhile, consumer confidence is now at its highest level since 2007.

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Restore Our Future: “Better”

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Restore Our Future is running an ad in 10 states making the case that “Barack Obama’s economy isn’t working.” The pro-Romney super PAC blames President Obama for the consequences of the devastating recession he inherited, ignoring the fact that the economy is growing and the private sector has added 4.7 million jobs in the last 31 months. The group also blames Obama for high deficits fueled by Bush policies and the recession, as well as for the credit downgrade that resulted from the GOP’s reckless approach to the debt ceiling and refusal to consider any deficit-reduction measure that increases revenue.

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Crossroads GPS: “Ideas”

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An ad from Crossroads GPS accuses Virginia Senate candidate Tim Kaine (D) of pushing tax hikes, skimming over the fact that the largest of the revenue increases Kaine proposed as governor were designed to fund transportation upgrades that the state’s GOP wanted to pay for with long-term borrowing. The ad also accuses Kaine of supporting the defense cuts set in motion by last summer’s deal to raise the debt limit, lifting a quote out of context. Although Kaine supported the compromise to raise the debt ceiling and prevent default, he has proposed a plan to avoid the upcoming defense cuts.

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American Crossroads: “Add Up”

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American Crossroads characterizes Rep. Tammy Baldwin (D-WI) as “extreme,” citing several alleged examples of her voting to take tax dollars “out of Wisconsin to pay for her extreme agenda in Washington.” However, the Bush administration’s bipartisan bailout of the financial sector helped prevent a possible depression; the Affordable Care Act does not raise taxes on most Americans and actually reduces the burden on the middle class; and “failed” Recovery Act not only created jobs but also cut taxes for millions of working American families.

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Crossroads GPS: “Dragging”

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An ad from Crossroads GPS accuses Sen. Sherrod Brown (D-OH) of voting for higher taxes and hurting Ohio’s job creators. But ending the Bush tax cuts for top earners, few of whom are actual small businesses, would help reduce the deficit without impeding the recovery, and the Affordable Care Act doesn’t tax most Americans. Furthermore, the ad’s insinuation that Brown bears responsibility for job losses in Ohio ignores the devastating impact of the Great Recession as well as the fact that Ohio has gained well over 100,000 jobs since the recession officially ended.

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Congressional Leadership Fund: “Where”

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The Congressional Leadership Fund blames Rep. Lois Capps (D-CA) for more spending and higher taxes, citing the Affordable Care Act, a cap-and-trade bill that never became law, and the Recovery Act. But it was the recession and Bush-era policies like tax breaks for the wealthy that are really responsible for creating driving up deficits, and Capps recently voted to bring in an additional $1 billion in revenue by ending the cuts for top earners. The Affordable Care Act, which reduces the deficits, offers tax credits for middle-class families and for small businesses, and the cap-and-trade bill Capps voted for would have boosted the economy with minimal impact on consumers’ energy costs. Meanwhile, the Recovery Act cut taxes for 95 percent of working families and helped stave off an even greater recession.

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American Future Fund: “A New Path”

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The audio in a new ad from American Future Fund is exclusively Mitt Romney’s voice, making accusations about President Obama’s impact on spending and taxes and promising to create 12 million new jobs. That figure comes from a series of separate studies with different timelines, and two of those don’t even evaluate Romney’s policies. In addition, spending growth under Obama is low, and he has cut taxes for 95 percent of working families.

Read more after the jump.