June 7, 2011
By Ed Morrissey
Specious accounting, overblown claims, and dishonest representations — sounds like a short description of Obamanomics, doesn’t it? As the Washington Post’s Glenn Kessler concludes, it also describes Barack Obama’s attempt to defend his policy on further intervention into the auto industry. Kessler rates his recent speech as a three-Pinocchio affair, thanks to a series of parsed claims at which Anthony Weiner can only marvel:
We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
Kessler actually finds one misleading statement for each of the three Pinocchios he awards Obama for the speech. Read More
