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Fact checking the first presidential debate

(Agencies)
Updated: 2008-09-27 17:10

WASHINGTON - Democrat Barack Obama and Republican John McCain stretched the facts in accusing each other of kowtowing to the oil industry and sprinkled other dubious assertions across the landscape of public policy in their first presidential debate.

McCain's plan to cut the corporate tax rate to 25 percent from 35 percent across the board so as to spur job creation was boiled down by Obama into a $4 billion tax break for Big Oil, as if no other companies or workers would benefit.

US Republican presidential nominee John McCain (L) and US Democratic presidential nominee Barack Obama are shown at the conclusion of the first US presidential debate at the University of Mississippi in Oxford, Mississippi, September 26, 2008. [Agencies]

McCain similarly cut corners with context when he accused Obama of voting for huge subsidies for the oil industry. Obama voted to strip away those subsidies and, when that failed, backed broad energy legislation that contained them.

So it went during 90 minutes of debate, a reality warp at times.

Some examples:

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OBAMA: "Sen. McCain mentioned Henry Kissinger, who is one of his advisers, who along with five recent secretaries of state just said we should meet with Iran — guess what? — without preconditions."

MCCAIN: "Dr. Kissinger did not say that he would approve face-to-face meetings between the president of the United States and (Iranian President Mahmoud) Ahmadinejad. He did not say that. He said there could be secretary-level and lower-level meetings. I've always encouraged that."

THE FACTS: Obama was right that Kissinger called for meetings without preconditions. McCain was right that Kissinger did not call for such meetings to be between the two presidents.

In a foreign policy forum on Sept. 15, Kissinger said: "I am in favor of negotiating with Iran." He went on to say, "I actually have preferred doing it at the secretary of state level" and the US should go into the talks with "a clear understanding of what is it we're trying to prevent. What is it going to do if we can't achieve what we're talking about? But I do not believe that we can make conditions for the opening of negotiations. We ought, however, to be very clear about the content of negotiations and work it out with other countries and with our own government."

OBAMA: "John, you want to give oil companies another $4 billion" in tax breaks.

THE FACTS: The $4 billion in tax breaks for the oil companies is simply part of McCain's overall corporate tax reduction plan and does not represent an additional tax benefit. In other words, the corporate tax reduction applies to all corporations, oil companies included. Both Obama and McCain have proposed eliminating oil and gas tax loopholes.

MCCAIN: Said the country has lost the sense of accountability exemplified by Allied commander Dwight Eisenhower on the eve of D-Day. He said Eisenhower wrote one letter to be released in the event of victory, which praised the troops, "and he wrote out another letter, and that was a letter of resignation from the United States Army for the failure of the landings at Normandy."

THE FACTS: Eisenhower prepared to take responsibility in the note to be delivered in the event of D-Day disaster but did not offer to resign.

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