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Auto Money Mischief

Recorded on June 8, 2011

From The Heritage Foundation, I'm Ernest Istook.

Folks in Washington often try to deceive you, and here’s an example. The Washington Post says President Obama is making false claims about the billions spent to bailout automakers. In its fact checking column, the Post says Obama uses weasel words, chicanery, phony accounting and slight of hand, combined into a misleading collection of assertions.

They’re describing Obama’s speech, designed to make you believe that Chrysler paid back every penny given to them, when in fact taxpayers will loose more than a billion dollars. And when you count the other auto bailouts too, taxpayers will loose about $14 billion overall.

Like Obama, many politicians craft speeches designed to leave you with a false impression while arguing that what they say is technically correct. A good rule of thumb is that if it takes a lawyer to explain what they said they’re trying to fool you.

From The Heritage Foundation, I'm Ernest Istook.