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  • FACT CHECK: 10 Dubious Claims from Obama's State of the Union

    President Obama made a number of questionable statements in his State of the Union address on Tuesday night. Heritage experts took on some of the policy issues he raised, but we at Scribe thought we would address the simple factual accuracy of 10 of the more outlandish statements from the president.

    Quotes are drawn from the president’s prepared remarks.

    Claim:  “On the day I took office, our auto industry was on the verge of collapse.  Some even said we should let it die.  With a million jobs at stake, I refused to let that happen … And together, the entire industry added nearly 160,000 jobs.”

    Fact: Using the relevant dates, that number is actually between 33,000 and 63,000.

    It appears the president is comparing today’s auto industry employment with numbers from November 2009. The industry – vehicle and parts manufacturers, dealers, wholesalers, and repair and maintenance shops – employs 158,900 more people today than it did then, according to the Bureau of Labor Statistics.

    But why choose November 2009? When comparing today’s employment with the month the president took office or with the month during which the federal bailout took place, the numbers are not nearly as impressive. Since February 2009, when Obama was inaugurated, the industry has added only 33,700 jobs. Since the following month, when General Motors and Chrysler were bailed out, it has added 63,100 – nearly 100,000 fewer than Obama claimed.

    Claim: “It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized.”

    Fact: Obama has targeted manufacturers with punitive tax hikes.

    According to the National Association of Manufacturers, it is, on average, 20 percent more expensive to do business in the United States than it is abroad. The reasons: “our policies on taxes, energy, tort, and trade.” American policies cause that imbalance, not subsidies by other countries.

    And while Obama touted manufacturing on numerous occasions during his speech, he has backed policies that would deal body blows to American manufacturing. His incessant refrain to raise taxes on high-income individuals by allowing the Bush tax rates to expire would also ensnare more than 70 percent of manufacturers, according to NAM. “President Obama’s call for tax increases on small businesses, individuals and investors is a poison pill for our economy,” noted NAM President and CEO Jay Timmons.

    Claim: “[M]y administration has put more boots on the border than ever before.”

    Fact: The vast majority of that increase was proposed and implemented before Obama took office.

    Congress passed the Intelligence Reform and Terrorism Prevention Act in 2004, which called for adding at least 2,000 border patrol agents per year. President Bush followed up by sending another 6,000 agents to the border. When that mandate was fulfilled, there were 20,119 active border patrol agents. As of last summer, there were 20,700.

    Claim: “We’re also making it easier for American businesses to sell products all over the world.  Two years ago, I set a goal of doubling U.S. exports over five years.  With the bipartisan trade agreements we signed into law, we’re on track to meet that goal ahead of schedule.”

    Fact: Obama chose to delay seeking congressional approval of those agreements for more than two years.

    Congress waited for the president to send the free-trade agreements with Colombia, Panama and South Korea. He “call[ed] on Congress to pass them without delay,” but it was his administration that was delaying consideration of the measures while it worked to shore up political support and tie stimulus-like spending programs to the agreements.

    Claim: “American oil production is the highest that it’s been in eight years.”

    Fact: No thanks to Obama.

    The president made a similar claim while informing Americans that he would forego the economic windfalls of the Keystone XL pipeline. He did not mention, of course, that the vast majority of that production has occurred on private lands.

    On federal land, over which the president has control, oil and gas production is down by 40% under Obama. He has actively pursued policies that limit oil and gas exploration on federal land. There were fewer onshore leases in 2010 than in any year since 1984. The Obama administration held only a single offshore lease sale in 2011.

    Claim:  “[W]ith only 2 percent of the world’s oil reserves, oil isn’t enough.”

    Fact: The United States has more recoverable oil than the rest of the non-North American world combined.

    The 2 percent statistic is a frequent canard of this administration, but is woefully misleading when used to suggest, as Obama clearly did, that the country only has 2 percent of the world’s oil. In fact, the 2 percent figure refers to the amount of oil that is recoverable at current prices and under lands currently available for development.

    According to recent study by the Institute for Energy Research, the United States has more than 1.4 trillion barrels of recoverable oil, more than the rest of the world (excluding North America) combined. That’s enough to fuel every passenger car in the country for 430 years. As IER explains, in what could be a direct response to the president’s claim, “It is merely semantics—not a scientific assessment of what America has the capacity to produce—that allows critics to claim repeatedly that America is running out of energy.”

    Furthermore, Obama’s Energy Information Administration, noted Heritage’s David Kreutzer, predicts a steady rise in U.S. reserves even on land currently available for exploration. “It projects that improvements in technology and the economics of extraction, production, and sales actually will lead to a 23.7 percent increase in U.S. reserves,” Kreutzer wrote, “even after extracting billions of barrels of oil in the interim.”

    Claim: “[I]t was public research dollars, over the course of 30 years, that helped develop the technologies to extract all this natural gas out of shale rock – reminding us that government support is critical in helping businesses get new energy ideas off the ground.”

    Fact: Government funding only marginally contributed to the development of hydraulic fracturing.

    The federal government began spending money on natural gas extraction research during the oil crisis in the late 1970s, noted CNN in its own “fact check.” The methods they tested – which included setting off nuclear weapons underground – were expensive and ineffective. Federal support declined as gas prices went back down. Private companies, not the federal government, developed hydraulic fracturing technology that has allowed gas to be extracted inexpensively and en masse.

    Claim: “[W]e don’t have to choose between our environment and our economy.”

    Fact: Obama just rejected both.

    The president killed TransCanada’s application for the Keystone XL pipeline due, he claimed, to insufficient information on its environmental impact. But Obama’s own State Department had already concluded that the pipeline posed “limited adverse environmental impacts during both construction and operation.”

    The Keystone XL pipeline would have been an economic windfall, and an environmentally sound project. So the president is correct that we don’t have to choose between a strong economy and environmental stewardship. He seems intent on choosing neither.

    Claim: “I ask the Senate to pass a simple rule that all judicial and public service nominations receive a simple up or down vote within 90 days.”

    Fact: The president has already demonstrated his complete lack of respect for the separation of powers.

    After making his four illegal recess appointments to federal office, the president now wants to impose a timeline on the Senate’s advice and consent duties. And while it’s heartening that he will at least pay lip service to those duties, Obama’s insistence that he will pursue his agenda “with or without this Congress” suggests he is ready and willing to yet again spurn the Constitution he is sworn to uphold.

    Claim: “Do we want to keep these tax cuts for the wealthiest Americans?  Or do we want to keep our investments in everything else – like education and medical research; a strong military and care for our veterans?  Because if we’re serious about paying down our debt, we can’t do both.”

    Fact: Entitlements drive our national debt, not discretionary spending or tax rates.

    This false dichotomy underscores one of the largest omissions of the State of the Union speech. It is not tax cuts that threaten the “investments” the president describes; it is entitlement spending, especially Medicare, Medicaid and Social Security. In less than 10 years, as Heritage’s Patrick Louis Knudsen noted last night, total entitlement spending will cost almost as much as the entire federal budget today, crowding out other programs (such as national defense).

    Reforming entitlements would eliminate the need for either cuts to Obama’s favorite federal programs or ruinous tax hikes. But the president neglected to discuss entitlement reform in the State of the Union.

    Posted in Featured, Ongoing Priorities, Scribe [slideshow_deploy]

    100 Responses to FACT CHECK: 10 Dubious Claims from Obama's State of the Union

    1. rfb10 says:

      Facts are often left out in any Obama speech…

      • 4Life Records says:

        Facts are often left out of every administration, but as usua we're held to a higher standard than those who commit the same infraction.

      • hmc37 says:

        Truth is often left out in any Obama speech…

      • Bob says:

        FACTS??? We don't need no stinking facts !!!!!

      • Sally L says:

        Why are you insisting that medicare and social security are "entitlements"? Senior citizens worked all their lives and paid into the social security system toward the day they retired and that is their retirement funding. I recently saw an article that said………..the money we paid into social security was our loan to the government which they were supposed to invest so it would grow and be there when we retired to then support us. And let me tell you, the amount of a social security check is not nearly enough to live on. But we earned our social security checks with many years of hard work and paying into the system. As for medicare, we have to have a secondary insurance to pay what medicare doesn't pay. My secondary costs a lot out of my meager income (less than $850 a month) but it is a must have. So, please do not insist social security and medicare are entitlements, they are repayment of money I loaned to my government. They may not be a lot but they are helping me get through each day.

        I liked most of what you have to say and thank you for clearing up some of those statements but have issue with the above discussion.

    2. Dale Beck says:

      Be aware in November!

    3. Ron Hartman says:

      What a fool's they think we are, never thought I would see so many dumb a– in our country,may GOD help us return to our roots….

    4. SBClimber says:

      Thank you for posting this. I was listening to his speech last night wondering how this president started to sound like everything he was doing is so great.

      Then I read this and realized that he is just a LIAR!

    5. Claudia Smith says:

      Obama cannot run on his record. The great news the media will not tell you. The lies and smears will be even more wicked but i will just push the off button and enjoy my day. So, have at it. Put them in the boxing ring and duke it out.

    6. This SOTU Address was rather chilling, especially the part where he asks Congress to give him "the authority to consolidate the Federal bureaucracy ". Note that he does not ask that this extraordinary power be given to the office of the President. And when, exactly, does he plan on introducing the Constitutional Amendment removing existing checks and balances, allowing the Executive Branch to abrogate the laws of the land in the name of "consolidation"?

      • Stop Lying says:

        Give me a break. He said he wanted the authority to consolidate the executive branch. Selective listening much?

    7. Mark says:

      Claim: The devil Obama is lying to stay in power while the Republicans work tirelessly for the good of the people. Fact: All politicians are completely full of crap.

    8. Kathy says:

      Just how many illegal actions, or UNconstitutional moves, does it take to prove a president is NOT upholding the constitution of the United States of America that he SWORE to uphold? Why can he continue to rip the constitution apart and NOTHING is being done about it?

      • Stop Lying says:

        Because he is not violating any laws and he IS upholding the constitution. That's why. Don't you think your Republican heroes would do something if he was the crook you suggest he is?

        • Bobbie says:

          yes, I do. but when you're forced to deal with a person in the highest office who has such immense insecurities and an unwillingness to use his God given sense to reason, it debilitates the ability…

        • hmc37 says:

          where have you been the last three years?

      • hmc37 says:

        The liberals think that they should not be limited by the Constitution which would return this nation to "We the People"

    9. vickie pruden says:

      Wonderful presentation of the facts! Obama is living in a fairy tale! Keep up the good work!

    10. How can you consider Social Security an "entitlement" in a bad way. We, those of us who have worked for a living have paid into SS and deserve to get our money back out of it. How about we go after those people that are defrauding the welfare system, since there are so many more people that could be assisted by a helping hand, as opposed to a hand out.

      • Tommy says:

        Because the baby boomer generation raped my generation for their benefits. I'm paying into a system
        I will never be able to take advantage of, when all that money could be going into my pocket for ME to decide what to do with. SS is a big ponzy scheme.

    11. Dawn says:

      I just read a "fact check" on yahoos website that verified all of his State of the Union facts- Somehow, I believe Heritage!

    12. Bobbie says:

      Before the President got into office we didn't own an auto industry. We weren't apart of any decisions made that compelled the president to thieve from us to protect the privately owned auto industry. What's wrong with holding people accountable to their own consequences of their own actions, instead of involving the whole country? Like it was before he took office? Americans had much more dignity and pride to hold accountabilities that builds self reliance, without making federal cases out of their poor decision making, before the president took office . No one has a right to speculate an assumption that we avoided a depression when the president is causing worse by his unconstitutional overreach and intrusion.

      It is fair for a business man of a free country to move to an area of his choice when his burden is government abuse of authority. It was good of him to start here bad of government to push him out the door. Government accountability.

      The President's administration has recklessly put lethal weapons in the hands of murderers causing deaths of innocent lives.

      Why is the President making it easier to sell products all over the world, if he isn't really standing unnecessarily in the way? It's the president's job to protect us from any unjust foreign and domestic trade, not interfere.
      And if there is anything to say we’re on track to meet government's goal ahead of schedule, is very concerning when we are undeservingly misled by half truths and whole lies just to see us sacrifice more.

      If it wasn't for the endurance and inner strength of people to rise above the burdens the administration unfairly laid on them, America's oil production would be in full crisis. unconstitutional government involvement.

      Oil is enough to avoid foreseen crisis while personal interests invest personal money into efficient, effective alternatives for market choice.

      Why such disrespect from this president, to deny credit where credit is due from the abilities and self reliance of people? The President said it himself, where the people can do for themselves the government shouldn't be so why, since he took office can't anyone do for themselves or be held accountable all of a sudden? The contempt, the misleading, quarter truths which is more a lie. Belittlement.

      What the president calls a simple rule is one step closer to losing our individual life, liberties and pursuits of happiness.

      Why not keep tax cuts for the rich to inspire greater potential in people to reach higher dreams without government ridicule? Why does the President face the people and say he should be taxed more? Why does he need to exploit himself over something he can choose freely? His living expenses are paid, he could donate his whole paycheck to charities of his choice! The American government members of the administration seem to be the ones hording America's money.

      We choose not to be forced to invest our money into your special interests, Mr. President. You're investments prove to be low standards of service with no accountability to that service with costly consequences where people are paid more than their worth without accountability and where results are shotty beneath expectations. Privatize schools and everything else we did fine without federal government!

      We do want a strong military that is fighting for America's principles of peoples' individual, life, liberty and pursuits of happiness that has been brought forth through America's founding fathers, along with the best care for our veterans! That's what we PAY YOU for and both can be DONE

    13. Jack Becker says:

      facts are not in obama's lexicon

    14. RosemaryCR says:

      The one I liked the best is when he talked about stopping allowing people making $1 mil take homeowner's interest deduction, child credit, etc. Truth is, these people are under the Alternative Minimum Tax (AMT) and haven't had these deductions/credits available for several years!

    15. John Moore says:

      I can only say if we had had this setting president assigned to our political/psychological unit in Vietnam he could have talked the north in to giving up within six month with his smooth snake oil tounge

    16. Wayne Wittik says:

      Quite amazing how Obama routinely gets away with making false statements.I think it is criminal when a politician makes controversial statement and the media does not investigate and report

    17. home4ed says:

      thank you for this clear and concise report.

    18. Kyle says:

      BO is so out of touch, it's utterly unconscionable this _____ is actually our supposed president!

    19. Micheline Drury says:

      He should have a look at the city of Detroit.?

    20. Merle Thowe says:

      President Obama was not only factually incorrect, as you have shown, but his basic premise of some of these statements are incorrect. For example, no one was saying to let GM die. They said to let it go through a normal Chap 11 bankruptcy, and that it would come out in better shape after that. This is just another example of the straw men arguments he continually makes.

      I would also point out that the US is not on path to double exports in 5 years.

    21. Joe Plummer says:

      This is bologna.

    22. Paul Makurat says:

      Wow… Interesting points… It's worth a quick read.

    23. David Sutherland says:

      My relatives didn't die in battle to have this country lost to the likes of Obama. We all watched it happen as he got elected in the first "bought" vote election I have ever seen. Stop this madness, get this country back to principles of hard work, and respect for God. The majority of people coming here illegally do not have this countries values or people at heart, they are here for entitlements…what other country in the world treats these vermin as well, none! Especially Mexico!! The time is near, taxpayers are tired, Obama's time is up! America has seen how he hoped to change it…he has made a mess and made a mockery of all we hold dear. Get out and Vote!! do not take this for granted, David Sutherland Corpus Christi, Texas

      • Ronald Mortimer says:

        Your are right on !
        The post below from phillyfanatic mentions how the Republican Party should use our esteemed? presidents words to show how he really wants to change our country.
        Every clear thinking American should go to the voting booth this Nov.and unelect him.
        He got elected because he was never VETED as He should have been. WE OWE THIS TO CHICAGO POLITICS! The same politics he took to Washington. Lets get rid of him and his freinds in Washington

    24. Pingback: FACT CHECK: 10 Dubious Claims from Obama’s State of the Union « OBX Tea Party News

    25. Pingback: 10 Dubious Claims from Obama’s State of the Union

    26. Bill Lee says:

      Do you want to understand the truth? Read various news sources. I like Heritage Foundation as it gives me the straight scoop. The mainstream media doesn't research the facts very well.

    27. phillyfanatic says:

      This should be in an immediate RNC ad. But as usual , the Stupid Party will hem and haw and kill one another instead of taking Obama and Reid out.

    28. BOB KNIGHT says:

      President Obama has no intention of working with congress. He sees himself as a benevolent King. His disreguard for the law and our constitution is overwhelming. If it wern't for the compliant media, his actions would have been his undoing long ago.

    29. David Lentz says:

      Thanks for the reality check on the demagogue.

    30. Paul Samrane says:

      Wow, 10 lies in just one hour on live public record! It must be a staggering statistic worthy of the Guiness Book's new world record if you multiply this count by 365 days times 3 years–assuming that Pinochio tells the truth during the remaining 23 hours of each day.

    31. madmaxxx60 says:

      When are you fargin idiots going to realize that Social Security IS NOT AN ENTITLEMENT!!! I and many others were paying into the system fo over 49 years from every paycheck I have gotten since I was 15.
      Sooo, if Social security is an entitlementmwhat have we been paying all this money into??
      I defy any one of you to challenge this. The government saw so much money in Social security they borrowed against it till there was nothing to borrow against, Then they flat out stole the money when they moved it to the general fund,
      Social Security is almost bankrupt because the Government spent all the money and now wants to screw all of us out of it.
      The government is loaded with a bunch of theiving bastards who would steal ours and your grand children out of their future
      My God, if anybody believes this man they are dumber than the rocks they crawled from under.

      • James D. Agresti says:

        Yes, Social Security is an entitlement, and these facts prove it and show exactly where the money has gone: http://www.justfacts.com/socialsecurity.asp#popul

      • Ronald Mortimer says:

        I agree.
        I paid into S S for from age 14 to age 72 and I believe all those involved in taking money from social security should be JAILED right along with Bernie Madoff. A trust fund is not to be used for anything other than its intended use which in social secueritys case was to be given out to retired persons not to
        beaurocrarts in Wahington to use at their whims

      • Ralph says:

        Yes, it is an entitlement – you are entitled to a return on your investment. It is not an "entitlement" as is often used in political/economic discussions. The proper word for those programs is "welfare".

    32. dave says:

      Are you intimating that our president wasn"t completely forthright and honest? I can't believe it.

    33. John says:

      As usual his administration is responsible for everything good and had nothing to do with anything bad!

    34. portiasdad says:

      This president is not the first liar-in-chief, but he is the most bold-faced of them all. You can believe nothing this man says. He is a puppet at the end of the unions' strings. He MUST be thrown out of office in November. Anyone who blatantly tramples on the Constitution should be drawn and quartered. Every time this man's lips move, you can be assured: he's lying-again!

      • KPay says:

        He lies in such an artful way, he chooses words that hide his true intentions. If you really listen to him well When he sounds the most confident is when he BELIEVES his chosen words are convincing us of the truth he WANTS us to believe. The real ideas behind his words are he wants to ruin us but his chosen words sound like he is really trying to help us and his actions have helped us. He does nothing better than he lies! I can not even understand how he believes that he has enough support to keep office! His puppet masters are trying to hurt this country and he is the puppet on board with their plan! I don't meet anyone that wants to see him in there 1 day longer than necessary

    35. Pingback: LIVE AT FIVE – 01.26.12 : The Other McCain

    36. David Mair says:

      Why do people keep referring to Social Security and Medicare as entitlement programs when taxpayers have paid into the system and congress has “borrowed” the money? I do understand that the government has allowed a percentage of people draw on these programs without paying in, and that is wrong for everyone else!

    37. browns9 says:

      Good work on this article.

    38. Pingback: State of The Union 2012

    39. John says:

      Fact :the GOP opposed the auto bailouts and
      and would have left the US with no domestic auto
      manufacturer thus compromising natl security and
      causing the loss of an even greater number of jobs.

      • Pat says:

        Fords didn't take a bailout from the corruptinchief

        • Frankly Andrews says:

          In November 2008, Ford Motor Credit borrowed nearly $4 billion from the Fed's Commercial Paper Funding Facility (CPFF). And just two weeks after that, Ford Motor Credit borrowed an additional $3 billion from the CPFF. In all, Ford borrowed $7 billion between October 27, 2008 and June 17, 2009.

          Furthermore, shortly after the CEO claimed to be in a "different position" from that of GM and Chrysler, Ford's borrowings from the CPFF placed Ford in a nearly identical position.

          • Ralph says:

            Those were loans; not a government takeover and gift. Obama cheated GMs shareholders and bondholders out of their investments and took over the company. Ford borrowed some money in the normal course of business and paid it back without government assistance (the CPFF is available to most large companies).

      • Frankly Andrews says:

        I support neither political party but if the Big Three (Ford took money from the FED as well) were allowed to fail numerous start-up auto makers would have jumped in to fill the void. They would have been leaner, meaner and hungrier and would have produced better quality cars at a lower price. The US government propped up companies with the same executives that made poor decisions in the first place. The Federal government should not pick winners and losers.

      • Fred says:

        It wasn't an Auto bailout, it was a GM bailout. Ford was and still is doing just fine.
        We have bankruptcy laws to handle ill managed companies that deserve to fail.
        The free market must be allowed to adjust. It's none of the governments business.

        • Todd says:


        • Ernie says:

          If Chapter 11 had been allowed to proceed then GM could have renegotiated the union contracts. That is the reason that the administration stepped into the fray and saved his benefactors. It had nothing to do with the industry going down the drain. For the first time in history shareholders and bondholders were destroyed by government edict at the expense of union pensions. Now he wrings his hands and can't understand why businesses and investors sit on their hands with lots of cash and are unwilling to invest in American businesses. Once burned makes us twice wary and he has given us no confidence that he won't do it again! It's time we started calling a spade a shovel.

    40. Serenity says:

      Thank you for your reasoned, researched and relatively objective manner of checking the truth. We have few resources now that are trying to seek the truth, rather than trying to promote a preconceived view. I believe the average American is tired of rhetoric, and now seeks TRUTH.

    41. We need a leader that can tell us the truth!!

    42. Rose Duncan says:

      Hey, people, every political person"s speech writer puts the most positive spin that they can on their employer's accomplishments, truth be damned. That is their job, it seems to me. Go back to Bush-the-younger's state of the union addresses (pick them apart, too) and every campaign speech for political office by both parties. A lot of exaggerated claims of accomplishments are put out there; promises are made (things "we the people" need done) that they probably know they can't keep. It takes a good poker player to be a winning political candidate! We hear what they tell us but can we believe them? Can we keep our selves educated enough to separate their exaggerations from the truth? This pretty much goes for Republicans and Democrats alike! (Call me a "semi-democratic" skeptic!)

    43. Pat Finch says:

      If Ford could survive then the others should have been able too if their product was good enough. Some of this bail out money will never be repaid . I don't think my tax dollars should go to bailout a private company

      • Frankly Andrews says:

        The Ford borrowing timeline looks like this:
        10-27-08 – Ford Motor Credit borrows $1.980 billion from the CPFF
        10-29-08 – Ford Motor Credit borrows $990 million from the CPFF
        10-31-08 – Ford Motor Credit borrows $991 million from the CPFF
        11-18-08 – Mulally flies to Washington in the company's corporate jet and asks for financial assistance. The event is a PR nightmare because the CEOs of GM and Chrysler also fly to Washington in private jets.
        12-3-08 – Mulally drives a Ford Escape hybrid to Washington and asks for a $9 billion credit line to use "if industry conditions worsen." Mulally says he'll work for one dollar per year if he taps the credit line.
        12-8-08 – Mullaly declares, "Ford fully supports an effort to address the near-term liquidity issues of GM and Chrysler, as our industry is highly interdependent and a failure of one of our competitors could affect us all… For Ford, a line of credit would serve only as a critical backstop or safeguard against worsening conditions, as we drive transformational change in our company."
        12-18-08 – Ford Motor Credit borrows $1.984 billion from the CPFF
        12-19-08 – Ford Motor Credit borrows $992 million from the CPFF, to bring its today CPFF borrowings to nearly $7 billion. Ford would continue rolling over these loans for the next several months.
        1-29-09 – Ford announces a $5.9 billion loss for the quarter but insists it does not need financial help from the government.
        1-29-09 – Ford Motor Credit rolls over $1.488 billion of CP with the CPFF
        2-13-09 – Ford Motor Credit rolls over $496 million of CP with the CPFF
        3-2-09 – Ford Motor Credit rolls over $1.984 billion of CP with the CPFF
        3-18-09 – Ford Motor Credit rolls over $1.984 billion of CP with the CPFF
        3-19-09 – Ford Motor Credit rolls over $1.980 billion of CP with the CPFF
        5-19-09 – Ford Motor Credit rolls over $992 million of CP with the CPFF
        6-17-09 – Ford Motor Credit rolls over $992 million of CP with the CPFF
        Mulally deserves no blame for availing himself of funding that was freely – if very privately – provided by the Federal Reserve. After all, Mulally's Wall Street counterparts were already busy tapping various credit facilities at the Fed. So can we blame Mulally for thinking to himself, "Hey, I'd like to tap that too!"?

        Nor does Mulally deserve blame for failing to disclose the assistance. On the 18th page of the business plan Ford submitted to the Senate Banking Committee on December 2, 2008, the document states: "At Ford Credit, and in light of the frozen capital markets, we…are eligible for and are participating in funding programs from the European Central Bank and, more recently, the Federal Reserve’s Commercial Paper Funding Facility (CPFF)."
        Source: Agora Financial

    44. CPB says:

      Fact the auto companies could have gone through Ch 11 and reorganized, and yes there would have been some layoffs, which occurred anyway. However, it would not have been at the expense of the taxpayer, which when all was said and done, lost approx. $12 billion on the auto bailouts.

      Not to mention, with the sale of Chrysler, the admin trampled on the bankruptcy laws and put the unions ahead of the secured creditors.

    45. Lloyd Scallan says:

      What a surprise, Obama lies!

    46. PB says:

      He also said we all should live by the same rules and laws. If so – I spent 25 yrs on the same job to only receive 1/3 of my pay for retirement and pay my own health care. He is in office for 4 yrs and when he leaves, he receives his full pay, covered health insurance for himself and family, and a bunch of goons to protect him. Those in office should have to pay into social security and health care and in turn – learn to live by the same standards the rest of low life do. Bet the social security and health care would improve then. Why did those jerks that left the state a while back to keep from voting on an issue still get paid?

      • Ernie says:

        I agree with everything you wrote except the "goons". The Secret Service agents on the President's detail spend many hours protecting the "office" of the President at no more pay or benefits than those looking for counterfeiters. How would you like to put your life on the line for this President? Not me brother! I think that qualifies for not being called a "goon."

    47. Jeanne Stotler says:

      As our native americans would say "This man talks with forked tongue" I have listened to some of those who still support BHO, and they just see him as a modern day Robin Hood, taking from the rich and giving to them, they have never gotten the message that working for what you want/need is the way that USA was built on.

    48. Bobbie says:

      correction on the lengthy comment: Before Obama took his "seat in senate" we didn't own an auto industry which he had the opportunity to vote "no" on the "tarp" bailout!
      Everywhere Obama is touting problems, he has been or is involved.

    49. Larry Young says:

      Great article; as usual Heritage has provided an excellent service via this article… I'm glad I'm a Heritage member. I'm forwarding this to many of my friends. Bring back 'truth' in American values. Will Heritage consider providing a side-by-side comparison of the current candidates; based on their records and statments they have made… may the best man win.

    50. BRECH says:


    51. Delta9SFBay says:

      Why is it that no one on Wall Street is being punished or any investigations into corruption? Have we all forgotten what got us into this mess to begin with? Why is our Country in Debt anyways? Abolish the Fed or at least tax the Fed. Why is it that a private Corporation does not pay taxes? If we taxed the Fed at 1.5% the National debt would be wiped out and NONE of us would need to pay taxes. Kick all the bums and crooks out of Washington. No more CFR, Trilateral Commission, Bilderberg Group or any other secret societies, clubs or fraternal organizations in Washington. Period.

    52. Did he also mention the electric car company, that Joe Biden visited and gave MORE of our tax dollars to , just declared BANKRUPTCY???
      How many is that now????

      Unbelievable to me the lies that spew!!

    53. Donna Dene English says:

      Thank you!

    54. torb says:

      This post proves you can spin anything the way you want

    55. Stan the Man says:

      Let's deliver what the criminal BO deserves….the biggest landslide loss in American election history Same needs to happen in the Senate so government can function again.. Let that be a warning to the liberal progressives amoung us who thought we were dumb enough to drink the kool-aid too. Do not be afraid to call out the thumbsuckers who think we should surrender our freedom and liberty to the left !

    56. D. G. says:

      Excellent explanations of Obama's "mis-statements". The best I have read yet! Thank you. I will use this to help me debate those who do not know the facts and blindly agree with this administration.

    57. Golf Honcho says:

      Our first and, hopefully, last Affirmative Action and sufferer of Acute Narcissistic Personality Disorder POTUS!

      His monumental ignorance is only exceeded by his extreme arrogance.

    58. rf from nj says:

      From Clear and Present Danager one of the most appropriate movie quotes that fits Obama, …"Whatever this man has told you is a lie. He LIES for a living!" Matter of fact so does the title of the movie.

    59. Clark Jensen says:

      I really appreciate the great job that Heritage does to do accurate research and help us understand the truth. So much of what comes out of this Presidency is smoke and mirrors.

      I have linked to this post on my website. If you are interested, here is the link

    60. Phil Hager says:

      Keep in mind that the President is merely the figurehead of the government but everything is done thru Congress.

      The Pres cannot make a law, by himself, do a corporate bailout, by himself, change the tax laws, by himself, or much of anything else, if you look at it objectively.

      Just about everything done is thru Congrees. Keep that in mind on the next election and let's start replacing the idiots that got us into this condition in the first place.

    61. Donald Matthews says:

      Unless Scribe issues 10 statements by Presidents Bush1
      &2, President Kennedy, President Carter, and Pesident Ronald Reagan the report is not complete.

      • Golf Honcho says:

        We're dealing with the here and now, not histoire. None of those other POTUS made the SOTU speech that's being critiqued. Please join us now; It's called reality-ville.

    62. MauricXe says:

      Just found this blog, and only have a few moments to reply.

      In reference to:

      According to the National Association of Manufacturers, it is, on average, 20 percent more expensive to do business in the United States than it is abroad. The reasons: “our policies on taxes, energy, tort, and trade.” American policies cause that imbalance, not subsidies by other countries.

      If you look at page 7 of the pdf cited from the NAM, you will see:

      "Address foreign trade subsidies, export taxes and
      restrictions and other distortions of market-based trade."

      That indicates Chinese subsidies do play a role in the 20% equation. Our trade policy encompasses our silence to Chinese subsidies….that needs to change.

    63. gray_penguin says:

      Facts have no place in a good story….
      And Obama has a knack for telling good stories. Not creating them, but reading them off the teleprompter.

    64. Peeper says:

      Chris Lillis writes: Good luck Ron Paul, U have the chance to knock these world elite gangsters out of their ranks.. I live here in Australia n im so worried of the effect of this nwo spreading here and everywhere else. I would vote for you if I could and so would all my friends and family. Julia gillard has brought in carbon tax which will make our industry broke, FEMA camps are being built here with pretty murals painted on the 4cm thick prison grade fencing with 3 tier razor wire to disguise it.. Our people here are asking why?? But no answers, same as over there.. I pray to god that u become president because not only will u save the USA but also the rest of the world. God bless!

    65. crs52 says:

      It seems that no one considers factchecking Heritage. Most of the so-called "facts" presented here do not bear close examination.

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