FACT CHECK: Misfires on the campaign trail
Rick Santorum says oil drillers in the Gulf of Mexico are being slammed by "worse and worse and worse" delays in getting federal approval even as gas prices go through the roof. Actually, the wait for permits is getting better and better. Newt Gingrich boasts that small donors are powering his Republican presidential campaign. In reality, one deep-pocketed financial angel and other big money people have been doing loads of heavy lifting, too.
The claims of the Republican presidential rivals are not getting the exposure they once did, ever since the crackling series of debates drew to a close. But in smaller venues or turns on TV, the assertions still fly, as do exaggerations, oversimplifications and outright mistakes.
So, too, on the Democratic side. A polished new film from President Barack Obama's campaign, out Thursday night, pushes the gauzy hero worship beyond what has really happened in recounting the auto industry bailout and recovery. Called "The Road We've Traveled," the fundraising film takes Republican front-runner Mitt Romney out of context in the process.
A look at recent claims from the campaign trail and how they compare with the facts:
More than $1 billion of the $12.5 billion Chrysler bailout is not expected to come back to the government. The government has recouped more than $22 billion of its nearly $50 billion GM bailout after agreeing to take stock in return for most of its investment. But the government's remaining stock would have to rise massively in value for taxpayers to get all their money back. If the stock were sold at some recent values, taxpayers would still be out more than $10 billion.
___
In 2009, before the Macondo well blowout, it took the government 46 days to approve a drilling permit for a new deep-water well. After the accident, the administration imposed a five-month moratorium on new deep-water drilling while it worked on new safety regulations to minimize the risk of another spill. The BP disaster released an estimated 200 million gallons of oil into the water, killing wildlife, soiling sensitive tidal estuaries and beaches, and closing vast areas of the Gulf to commercial fishing.
Once the moratorium was lifted, processing times for deep-water exploratory drilling permits were longer than before the spill -- an average of 97 days.
But contrary to Santorum's claim, the government's performance is improving. Permit approvals are now happening on average in 62 days, more than a month faster. That's 16 days longer than before the spill, but regulatory protections are tougher now.
Santorum also implies that the entire drilling industry was shut because of the moratorium. Yet, the temporary ban only covered wells drilled to explore or produce oil and gas in deep water. Wells already in production were not covered by the moratorium.
___
A more significant number is how much of the money Gingrich raised came in small denominations and how much in big checks. Federal Election Commission reports show that through Jan. 31, roughly $11.5 million came from donations under $250. That's about 63 percent of Gingrich's total fundraising. For Obama, the comparable figure is nearly 80 percent.
And the whole calculus leaves out the biggest influence on the Gingrich campaign's financial fortunes -- the group Winning Our Future, an independent super PAC that has been running ads supporting him. Of that group's $13.1 million in total contributions, about 75 percent -- or $10 million -- came from just two people: Las Vegas casino mogul Sheldon Adelson and his wife, Miriam.
___
___
Rising energy demand in developing countries, a cold winter in Europe and tensions with Iran have put pressures on the world oil market and are among the contributors to higher gasoline prices that presidents have little if any power to control.
___
Concerns at WTC health fund ... America 250: Huntington arsenal ... What's up on LI ... Get the latest news and more great videos at NewsdayTV
Concerns at WTC health fund ... America 250: Huntington arsenal ... What's up on LI ... Get the latest news and more great videos at NewsdayTV