Fact-Checking the Obama Documentary

by Daniel Foster

Washington Post is out with a partial fact-check of the Tom-Hanks-narrated Obama propaganda video, for what it’s worth:

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:

OBAMA CAMPAIGN on the automakers’ recovery: “With business booming, they repaid their loans.”

THE FACTS: The General Motors and Chrysler aid has not been paid back in full, and it is unlikely to be, contrary to the film’s narrator, actor Tom Hanks.

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.

The rest is here.

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