Obama stuck to the facts, except when he stretched them during his acceptance speech.
Obama reassured voters that he can pay for all his spending proposals:
Obama: Now, many of these plans will cost money, which is why I???ve laid out how I???ll pay for every dime ??? by closing corporate loopholes and tax havens that don???t help America grow.
This is misleading. Even by his own campaign???s estimates, closing corporate loopholes and tax havens won???t pay for all of Obama???s new plans. In July, the campaign told the Los Angeles Times that they estimate the yearly cost of their proposed tax cuts at $130 billion. They put revenue from closing tax loopholes at just $80 billion. Obama also proposes to raise taxes to pre-Bush levels for families earning more than $250,000 a year and singles making more than $200,000, yielding additional revenue. But he didn't mention that in his speech.
According to the nonpartisan Tax Policy Center, "without substantial cuts in government spending" Obama???s plan ??? "would substantially increase the national debt over the next ten years."
Obama twisted McCain's words about Afghanistan, incorrectly implying that McCain saw no need for more troops there.
Obama: When John McCain said we could just ???muddle through??? in Afghanistan, I argued for more resources and more troops to finish the fight against the terrorists who actually attacked us on 9/11
Actually, McCain said in 2003 that the U.S. "may" muddle through, not that we could or would. He also said he was very concerned about a rise in al Qaeda activity there. He said then that he was "guardedly optimistic" that the government could handle it.









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