Fact Checking Obama [Greg Pollowitz]
FactCheck.org finds Obama can't add:
Obama released a TV spot saying McCain's campaign got $2 million from "Big Oil" while McCain proposed "another $4 billion in tax breaks" for the industry.
The truth is that McCain's campaign has received $1.33 million from individuals employed in the oil and gas industry, not $2 million. Obama himself has received nearly $400,000, according to the most authoritative figures available. We find the $2 million figure is based on a mistaken calculation.
Furthermore, McCain is not proposing new tax breaks specifically targeted to the oil industry. He's proposing a general reduction in the corporate income tax rate, which Democrats figure would benefit the five largest oil and gas companies by $3.8 billion. [...]
The Obama campaign said it cobbled together its $2.1 million figure by adding one total from a report in the Washington Post, which said oil and gas donors gave $1.1 million to McCain in June, and an older total from CRP, which put the McCain campaign's total at just over $1 million through May 30. But that turns out to be adding apples to oranges, and it does not give an accurate figure for money that went directly to "John McCain's campaign," as the ad puts it. Much of the money given in June went to a joint fundraising venture of the McCain campaign, the Republican National Committee and several state GOP committees, an unknown portion of which was passed through to the McCain campaign itself.
That's OK. I hear that basic addition will be a quality that Senator Obama looks for in a Vice President.
08/05 11:53 AM
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