Following a number of misleading statements by Republican vice presidential candidateduring the Republican National Convention last week, a look at the DNC acceptance speech made by President Barack Obama on Sept. 6 shows his claims somewhat diverged from actual facts.
While delivering his 37-minute speech, Obama made a couple of assertions that did not match the facts.
During his speech, Obama said, "I'll use the money we're no longer spending on war to pay down our debt and put more people back to work—rebuilding roads and bridges, schools and runways.” However, according to Associated Press, a fact check shows that the wars were largely financed by borrowings, so there is no ready-to-use cash that can be diverted to other projects.
Obama said that he will strengthen and reform Medicare for the long haul by bringing down the cost of the health care rather than asking senior citizens to pay more. However, a fact check by the same source says that the Obama administration was in negotiations with Congress to revamp co-payments and deductibles that would end up raising the costs for retirees while increasing premium for certain beneficiaries.
The Daily Beast notes that Obama said in his speech that he promised to end the war in Iraq and he did. However, the Status of Forces Agreement that set the date to withdraw the American troops from Iraq was signed by President as one of his last acts while still in office.
With respect to the domestic energy, Obama said that his administration cut oil imports by 1 million barrels a day, while opening millions of new acres for oil and gas exploration in the last three years. However, as the Republicans note, much of the increase in domestic oil production took place on private lands, while the production of crude oil on federal lands fell 14 percent in 2011 and natural gas fell 9 percent.
Analysts also say that some of the decline in imports may be attributed to the fact that the middle-class Americans cut their daily oil consumption because of bad economic times.