Thursday, October 4, 2012

The Debate: Part Two

Obama's response:

1. Race to the top- Here's PolitiFact's Obamameter on Obama's educational promises.

2. "And this is where there's a difference, because Governor Romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the Bush tax cuts -- that's another trillion dollars -- and $2 trillion in additional military spending that the military hasn't asked for. That's $8 trillion. How we pay for that, reduce the deficit, and make the investments that we need to make without dumping those costs onto middle-class Americans I think is one of the central questions of this campaign."

This is kind of a central pillar of the debate.  Here's how Obama is getting $5 trillion.  The Tax Policy Center found that Romney's tax plan would cost about $480 billion in 2015 compared to current policy.  Obama is extrapolating that over a ten year period to get $5 trillion.  But Romney has promised over and over again that he would offset that by reducing deductions and closing loopholes. I haven't seen anything about the $2 trillion the military wants.  Otherwise, I would check that out, too.

Romney's response:

1. I can quote it or just tell you.  "I don't have a $5 trillion tax cut. I don't have a tax cut of the scale that you're talking about."  From FactCheck, "Romney always has said he planned to offset that massive cut with equally massive reductions in tax preferences to broaden the tax base, thus losing no revenue and not increasing the deficit. So to that extent, the president is incorrect: Romney is not proposing a $5 trillion reduction in taxes." 

2. "Middle-income Americans have seen their income come down by $4,300." Nope.  It fell by slightly less than $2,500 for household income in the first three years of Obama's presidency. According to the study, Romney is using, the bottom probably fell out a year ago, as income is on the rise, again.

3. "gasoline prices have doubled under the President"
I always like this claim.  It implies that the president has vast control over gas prices.  Using the same logic, the gas prices going up under George W. Bush were his fault.  This is simply not true.  Gas prices are decided upon a global scale.  President Obama's policies may have added pennies to the price of gasoline but not much more.  But anyways, gasoline prices on average were $1.84 because of the recession and unusually low price of crude.  But the summer of 2008, we saw gasoline prices soar to over $4/gallon which has not yet been seen under President Obama.

4. "health care costs have gone up by $2,500 a family"
This is essentially the same claim made when it was found that health care costs rose 9 percent.  Republicans were quick to blame Obamacare.  But, independent experts cited that it only made it rise 1 to 3 percent of the 9 percent.  The rest of the blame?  The free market.  I'm just joking. Sort of. Rising health care costs are the biggest to blame.  You know, the theory of supply and demand, right?

5.  If this portion of the debate sounded familiar, it's because it was.  A lot of this was said in Romney's RNC speech. 

6. "On government land, your administration has cut the number of permits and licenses in half. "
It's probably true.  But due to other factors, including offshore drilling permits, because of the Deepwater Horizon drilling that killed 11 people.

7. If I'm President, I'll double them and also get the oil from offshore in Alaska, and I'll bring that pipeline in from Canada.

Obama has delayed the Keystone Pipeline but hasn't blocked it. There's a lot of oil coming in from Canada.  We can bring in 1 million more barrels per day. He has only opposed the pipeline going over the sandhill region, waiting for a new route to be designed.  Offshore drilling in Alaska has already begun, I believe. Obama opposes drilling in the ANWR. 

Next part of the debate will be in the next post.

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