November 02, 2010 6:03 pm ET filed under Ad Check
In 60-Second Ad, National Republican Trust Rewrites Recent History On Wall Street
A new minute-long ad from the National Republican Trust PAC accuses the Obama administration and the Democratic Party of swindling the American people to help "their friends on Wall Street." The carefully-worded ad paints a hopelessly inaccurate picture of what happened during the Wall Street collapse. You wouldn't know it from watching this ad, but the Wall Street "bailout" was initiated at the sharp insistence of the Bush administration in 2008, when then-Senator Obama was in the heat of the presidential contest. Even worse, the NRT claims that this year's landmark financial regulatory reform bill was a fraud because "the vast bulk of Wall Street money goes to fund" Democrats' campaigns. But by that same logic, the reform bill must be pretty potent stuff: Wall Street has made a dramatic shift in allegiances and is giving twice as much to Republicans as Democrats in the wake of the law's passage.
September 07, 2010 9:57 am ET filed under Blog
