2008 September 15 « 8-PAC Business News Aggregator

September 15, 2008

The meltdown – Lehman files for bankruptcy; Merrill is bought by Bank of America; The Fed and major banks expand lending ~ Anxiety lingers…

By David Ellis
(CNNMoney.com) — Wall Street was a vastly different world Monday from what it looked like just days earlier, following one of the most harrowing days in the history of U.S. financial industry.
Just a day earlier, Lehman Brothers, one of the nation’s oldest investment banks, filed for bankruptcy – the largest ever announced in [...]

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PolitiFact.com statements

Alan Grayson: "In the past year, more than 20 percent of Americans have changed their mind about the war in Afghanistan. They conclude we shouldn't be there."

The Truth-o-Meter says: Barely True | Polls on Afghanistan show a mixed picture President Barack Obama gave a major speech Dec. 1 to make the case for increasing troops in Afghanistan. But antiwar Democrats still say it's the wrong decision. One of those Democrats is Rep. Alan Grayson of Florida. The night before Obama's speech, Grayson appeared on […]

John Murtha: "We're going to have more troops (in Afghanistan) . . . than the Russians had."

Barack Obama: "In the last few months alone, we have apprehended extremists within our borders who were sent here from the border region of Afghanistan and Pakistan to commit new acts of terror."

The Truth-o-Meter says: Mostly True | Obama says 'extremists' sent to U.S. from Afghanistan-Pakistan border area President Barack Obama has decided to increase the number of U.S. troops in Afghanistan, and he made the case for the increase in a speech at the U.S. Military Academy at West Point, N.Y."I make this decision because I am convinced […]

Glenn Beck: Less than 10 percent of Obama's Cabinet appointees "have any experience in the private sector."

Mitch McConnell: The Senate health care bill does not contain limits on medical malpractice lawsuits.

Mike Pence: Under the Democratic health plan, families "will be forced to spend an additional $2,100 a year to keep their current health care."

The Truth-o-Meter says: Barely True | Rep. Mike Pence says Democratic health plan would drive up family premiums One of the big questions for health care reform has been how the legislation would affect insurance premiums for consumers. On Nov. 30, the Congressional Budget Office, or CBO, released a detailed analysis on how health insurance premiums might be […]

Keith Olbermann: A new Republican litmus test "would have resulted in (the GOP) kicking out Ronald Reagan."

The Truth-o-Meter says: Half-True | Olbermann says proposed GOP litmus test would freeze out Reagan To enforce ideological purity, a proposal before the Republican National Committee would deny party funding to any GOP candidate who bucks the party's stance on at least three items from a 10-point checklist of issues. The idea has sparked controversy wit […]

Lou Dobbs: On legalizing illegal immigrants.

The Truth-o-Meter says: Half Flip | Did Lou Dobbs oppose amnesty? He doesn't oppose it now. Before resigning as a CNN anchor Nov. 11, Lou Dobbs made a name for himself opposing illegal immigration. So we were surprised to see him a few weeks later on the Spanish-language network Telemundo declaring himself a friend to Latinos. "Whatever you have th […]

Paul Krugman: "If you want to talk firsts for Bush, this was the first time in American history that a president took us into a war and cut taxes."

The Truth-o-Meter says: Mostly True | Krugman says Bush was first president to lead country into war and cut taxes With President Barack Obama scheduled to make a speech on Dec. 1 on how the United States will proceed with the war in Afghanistan, war spending was the topic du jour on the Sunday political talk shows. Some Democratic officials have even talked […]

Chain e-mail: "The Congressional Budget Office -- supposedly non-partisan -- estimates that in just a few years the average cost to every family of four (from cap and trade) will be $6,800 per year."

The Truth-o-Meter says: False | $6,800 for cap and trade not a CBO estimate Critics of the Democratic cap-and-trade proposal have many complaints about the plan, but their biggest is cost. They say it will cost so much that it will be a significant burden on a typical American family. The latest variation of this comes in a chain e-mail that contends the cap […]

Politifact.com stories

Checking facts on Afghanistan

President Obama announced an increase in troops for Afghanistan this week, renewing debate on a complicated area of American foreign policy. We looked into a few different facts we heard during the discussion. Rep. John Murtha criticized the buildup, saying the United States would have more troops in Afghanistan than Russia did during the 1980s. We found his […]

Obameter finds more promises Stalled

Beck wrong on Cabinet's private sector experience

Was Ronald Reagan a Republican?

To enforce ideological purity, a proposal before the Republican National Committee would deny party funding to any GOP candidate who bucks the party's stance on at least three items from a 10-point checklist of issues. Keith Olbermann, the liberal host of Countdown on MSNBC, told viewers that the resolution would have effectively blackballed Ronald Reag […]

Mission: Afghanistan

As a candidate, Barack Obama regularly called the Iraq war a misguided effort in the fight against al-Qaida. The real enemies were hiding in the border region between Afghanistan and Pakistan, he said, and finding those enemies would not be easy. "There are tribes (there) that see borders as nothing more than lines on a map, and governments as forces th […]

Lou Dobbs on the Flip-O-Meter

Before resigning as a CNN anchor Nov. 11, Lou Dobbs made a name for himself opposing illegal immigration. So we were surprised to see him a few weeks later on the Spanish-language network Telemundo discussing his views on immigration. "We need the ability to legalize illegal immigrants on certain conditions," Dobbs said.That last point surprised us […]

Mailbag: 'Your Truth-O-Meter needs repair'

Our inbox was so full we're running two installments of mailbag this week! This is the second; read the first batch from Thanksgiving Day. How many years of natural gas?We looked at a statement from America's Natural Gas Alliance; they said that the United States has a supply of "more than 100 years of natural gas." We rated that Half Tru […]

Obama's Top 25 Promises: A Progress Report

When we launched the Obameter -- an online database of Obama's 515 campaign promises -- we designated 25 promises as the most significant. As President Barack Obama closes in on his first full year in office, we found that he's made at least some progress on most of them.Here is the current tally of Obama's top promises:In the Works: 18Promise […]

Mailbag: Readers give thanks, and criticism

As usual, the inbox is bursting with strong opinions from our readers. It's been awhile since our last mailbag, so look for a second installment on Sunday.The House of Representatives' health care bill and abortionWe received a few letters from readers who said we missed the boat with our coverage of health reform legislation in the U.S. House of R […]

Tracking stimulus dollars gets tricky

The Obama administration has promoted its Web site Recovery.gov as a bold new step in government transparency and a convenient way for voters to see that the economic stimulus program is working. Some Republicans say the site is a bunch of unreliable propaganda.Florida Republican Rep. Jeff Miller ridiculed the site in a newsletter Nov. 19, writing about how […]

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September 15, 2008

The meltdown – Lehman files for bankruptcy; Merrill is bought by Bank of America; The Fed and major banks expand lending ~ Anxiety lingers…

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