CNN's Truth Squad takes on GOP debate
November 10th, 2011
05:11 AM ET
7 years ago

CNN's Truth Squad takes on GOP debate

(CNN) - CNN's Truth Squad fact-checked some of the assertions made by Republicans candidates during Wednesday night's GOP debate at Oakland University.

Here are the results:

Romney misses mark on mortgage mess

Former Massachusetts Gov. Mitt Romney attributed the housing crisis to the federal government's role in the financial markets, specifically those of mortgage-backed giants Fannie Mae and Freddie Mack. However, the Truth Squad found most of the investigations into the 2008 financial meltdown put the onus on private lenders and regulators. Read more here.

Did government give automakers to UAW, Fiat?

Romney criticized the federal government over its role in saving automakers General Motors and Chrysler through federal loans, adding that he would have preferred a private bankruptcy process. As part of the bankruptcy process, Romney said General Motors was given to the United Auto Workers Union and Chrysler went to Fiat. However, the Truth Squad found the UAW benefits fund, not the union itself, owns part of GM and another UAW benefit fund and Fiat took stakes in Chrysler. Read more here.

Banks still 'too big to fail?'

Former Utah Gov. Jon Huntsman said the assets of six banks in the U.S. make up 66% of the GDP, which means if the institutions are hit, there will be an "implied bailout" by the taxpayers. Although the figure is accurate, the "implied" bailout is more complex than his remarks. Read more here.

Filed under: 2012 • Debate
soundoff (6 Responses)
  1. one voice

    Try fact checking an hour of Hannity or O'reilly and you would NEVER VOTE GOP/TEAPARTY AGAIN

    November 10, 2011 05:16 am at 5:16 am |
  2. Chris

    I really wish they had fact checkers on hand during the debate, to call someone out when they make some wild claim, and not just read about it the next day.

    November 10, 2011 06:25 am at 6:25 am |
  3. The Greedy Old Pigs are a bunch of lying weasels!

    Looks like Mitt the Flipwit was in his usual full-on sleazy used car salesman mode based on the number of lies he told. Auto company bankruptcy (which he backed) is far different than a bankruptcy combined with government loans that brought the companies (and jobs) back to viability. Big difference there Mittens.

    And repeating the long-debunked CRA/Freddie/Fannie lie is one of those "oldie but goodie" GOBP deathcult manure talking points that fly so easily from the lying lips of Mittens and his fellow cult members. It's pretty simple: if you're gonna lie to the public about such important subjects, you are unfit to be president.

    November 10, 2011 07:39 am at 7:39 am |
  4. Wire Palladin, S. F.

    Republicans only jobs bill is to provide work to fact checkers. Does anyone else find it amusing that Herb Cain can step out of his body and talk about Herb Cain?

    November 10, 2011 07:41 am at 7:41 am |
  5. Andrew Botwin

    Republicans aren't interested in the truth, or facts, or science. They depend on sound bites from Fox News, which they can regurgitate over and over again.

    November 10, 2011 07:43 am at 7:43 am |
  6. informed voter

    None of these clowns are ready to be president of our great nation. With each debate it becomes clearer that President Obama is the only choice for 2012!

    November 10, 2011 07:45 am at 7:45 am |