Fact Check: Deregulation, Taxes, Fundamentals

October 7, 2008

Tonight, Barack Obama said: “I believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by President Bush and supported by Senator McCain, that essentially said that we should strip away regulations, consumer protections, let the market run wild and prosperity would rain down on all of us. “

FACT: John McCain has been in favor of more deruglation for 26 years

Fact Check on Taxes:

Tonight, John McCain said: “But we all know, my friends, until we stabilize home values in America, we are never going to start turning around and creating jobs and fixing our economy, and we have got to give some trust and confidence back to America. I know how to do that, my friends, and it is my proposal, it is not Senator Obama’s proposal, it is not President Bush’s proposal, but I know how to get America working again, restore our economy, and take care of working Americans. “

FACT: Barack Obama’s tax plan would offer a bigger tax cur for the middle class than McCain’s plan

Fact Check on Fundamentals:

Tonight, Barack Obama said: “We have got to help the middle class, and Senator McCain and I have some fundamental disagreements on the economy, starting with Senator McCain’s statement earlier that he thought the fundamentals of the economy were sound.”

FACT: McCain Believes Fundamentals Of Economy Are Strong

Fact Check: Deregulation, Taxes, Fundamentals