09-04-2008, 09:47 PM
McCain's campaign launched a TV ad touting his running mate, Palin, and offering a comparison to Obama. Some of its claims are off the mark:
It says Obama "gave big oil billions in subsidies and giveaways," citing his votes for a 2005 energy bill. But the bill slightly raised taxes on the oil industry overall.
The ad plucked a positive blurb about Palin from an Associated Press article that, in fact, was very much a mixed review. The AP said she "brings an ethical shadow to the [Republican] ticket," for example.
The ad says Obama is the "most liberal" Senator. But the National Journal rated him the 16th most liberal in his first year and the 10th most liberal in his second. It rated his votes "most liberal" only in 2007, when he was busy campaigning and missed one-third of the votes on which the rating is based
The most misleading claim in the ad is that Obama "gave big oil billions in subsidies and giveaways," a reference to the 2005 energy bill that we've debunked again and again. Actually, the bill, which President Bush signed into law, slightly raised taxes on the oil industry. Obama voted for the bill; McCain voted against it. The nonpartisan Congressional Research Service said that the energy act "included several oil and gas tax incentives, providing about $2.6 billion of tax cuts for the oil and gas industry. In addition, [the act] provided for $2.9 billion of tax increases on the oil and gas industry, for a net tax increase on the industry of nearly $300 million over 11 years."
In total, the vast majority of the billions in tax breaks and subsidies included in the bill went to electric utilities and nuclear power, as well as alternative fuels research and energy-efficient cars and buildings.
McCain's ad attempts to contrast Alaska Gov. Sarah Palin's record on "big oil" with Obama's. It says she "took on the oil producers." Maybe so. The ad's quote comes from an Anchorage Daily News article that said Palin had pushed through a bill to have an independent company build a gas line that oil companies hadn't moved on quickly enough, according to Palin, and she also backed increased oil taxes. But Obama is making attacks on oil companies a centerpiece of his campaign, while Palin favors drilling in places that even McCain wants to keep off limits, most notably the Arctic National Wildlife Refuge.
http://www.factcheck.org/elections-2008/...leads.html
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