Daily Independent (Ashland, KY)

Local News

October 16, 2012

Presidential debate fact checking

WASHINGTON —  In the rough-and-tumble of a town hall-style debate, not all of the presidential candidates' claims stood up to scrutiny Tuesday night.

Yet again, President Barack Obama claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't. And he pointed to a string of job creation while ignoring the job losses that came before it, on his watch.

Republican Mitt Romney actually corrected some of the errant claims he's made before, while stretching the facts on the auto bailout he opposed.

A look at some of their claims:

OBAMA: "Let's take the money that we've been spending on war over the last decade to rebuild America, roads, bridges, schools. We do those things, not only is your future going to be bright, but America's future is going to be bright as well."

THE FACTS: What Obama didn't mention is that much of the money that has been paying for the wars in Iraq and Afghanistan was borrowed. In fact, the government borrows nearly 40 cents for every dollar it spends. Thus using money that had been earmarked for wars to build schools and infrastructure would involve even more borrowing, adding to the federal deficit.

___

ROMNEY: "I know he keeps saying, 'You want to take Detroit bankrupt.' Well, the president took Detroit bankrupt. You took General Motors bankrupt. You took Chrysler bankrupt. So when you say that I wanted to take the auto industry bankrupt, you actually did. And I think it's important to know that that was a process that was necessary to get those companies back on their feet, so they could start hiring more people. That was precisely what I recommended and ultimately what happened."

THE FACTS: What Romney recommended did not happen, and his proposed path probably would have forced General Motors and Chrysler out of business. He opposed using government money to bail out the automakers, instead favoring privately financed bankruptcy restructuring. But the automakers were bleeding cash and were poor credit risks. The banking system was in crisis. So private loans weren't available. Without government aid, both companies probably would have gone under and their assets sold in pieces.

Text Only
Local News
  • Tensions rise among city commission members

    The controversy about City Manager Ben Bitter’s moving expenses revealed a division in the Ashland Board of City Commissioners.

    July 29, 2014

  • ambulance.jpg Ambulance flips on Winchester

     One minor injury was reported after a passenger car collided with an ambulance at the intersection in front of the Paramount Arts Center on Winchester Avenue around 10 a.m. Tuesday. Independent videographer Adam Black witnessed the accident and reported the ambulance was traveling south of Winchester with lights on and siren activated when it was struck in the rear quarter panel by a passenger vehicle that had a green light for the intersection and failed to yield for the emergency vehicle.

    July 29, 2014 1 Photo

  • 0730Grimes_080.jpg Grimes campaign comes to Lexington

    A recent poll that has twice previously shown Democrat Alison Lundergan Grimes with a slim lead over incumbent Republican U.S. Sen. Mitch McConnell now has McConnell up by two points.

    July 29, 2014 3 Photos

  • U.S. 60 yard sale will be Friday and Saturday

    Bringing bargain shoppers from miles around, the U.S. 60 Yard Sale officially begins Friday morning in Carter County.

    July 29, 2014

  • John Cannon: Bracing to stand on her own 2 feet: 7/30/14

    My youngest granddaughter, who will turn 5 on Sept. 2, has been fitted with a pair of ankle braces to help prevent her from falling down so often.

    July 29, 2014

  • War firearms demo set

    A few of the most devastating and accurate firearms used in conflicts ranging from the Civil War to world wars will be demonstrated for an audience limited to about 40 during an upcoming event sponsored by the Eastern Kentucky Military Historical Society.

    July 29, 2014

  • Lawmaker pays tribute to late WWII veteran

    July 29, 2014

  • Local briefs: 7/30/14

    The Carter County Sheriff's Department charged an Olive Hill man Thursday with trafficking in a controlled substance in the first degree.

    July 29, 2014

  • OLBH receives Quest Award

    Our Lady of Bellefonte Hospital has been honored by Premier Inc. with a Quest Award for High-value Healthcare Citation of Merit for delivering high-quality, cost-effective health care.

    July 29, 2014

  • 0730Grimes_406.jpg Grimes bus tour gets rousing sendoff

    A recent poll,which has twice previously shown Democrat Alison Lundergan Grimes with a slim lead over incumbent Republican U.S. Sen. Mitch McConnell, now has McConnell up by two points.

    July 29, 2014 3 Photos

Featured Ads
Seasonal Content
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP basketball
SEC Zone