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November 23, 2010 5:49 pm ET filed under Fact Check

Republican Criticism Of Quantitative Easing Impedes Economic Growth

One of the many policies Republicans have attacked of late is that of quantitative easing (QE) — a monetary policy used by central banks, such as the Federal Reserve, to increase the money supply by increasing excess reserves. QE is often used as a policy of last resort when normal methods of monetary expansion are no longer effective as a result of near-zero interest rates. Since the onset of the economic crisis, the Fed has introduced two rounds of quantitative easing, as economic growth remains sluggish. Republicans have repeatedly voiced their opposition to the policy, stoking fears of long-term inflation that will stunt economic growth. In doing so, they have effectively manipulated the market's reaction to the policy, thereby preventing potential benefits from taking effect. Moreover, Republican skepticism ignores the belief of many economists that monetary easing is integral to supporting economic growth and limiting the risk of deflation. 

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November 18, 2010 5:48 pm ET filed under Fact Check

Republicans Collectively Freak Out About The Ghailani Verdict

In the wake of a civilian court verdict convicting suspected terrorist Ahmed Khalfan Ghailani of only one of the over 280 charges brought against him, Republicans had a field day decrying the Obama administration's decision to try suspected terrorists before civilian courts instead of military tribunals. The denunciations ranged anywhere from declaring such a decision "insanity" to suggesting that the Obama administration "nearly allowed this terrorist to get away." In reality, there is no evidence that trying Ghailani in a military court would have produced a more severe verdict. Indeed, whereas terrorists tried in military commissions have served relatively short prison sentences, those tried in criminal courts have faced significantly longer prison terms.

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November 18, 2010 3:54 pm ET filed under Video

Rep. Pence Inadvertently Admits Bush Tax Cuts Did Not Work

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November 18, 2010 3:50 pm ET filed under Video

Rep. Pence Declares Victory In Tax Debate

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November 18, 2010 2:59 pm ET filed under Blog

Rep. Pence Inadvertently Admits Bush Tax Cuts Did Not Work

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November 17, 2010 1:06 pm ET filed under Blog

Rep. Pence Declares Victory In Tax Debate

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November 15, 2010 6:08 pm ET filed under Video

Rep. Pence Says It's Pelosi's Fault GOP Won't Compromise On Tax Cuts

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November 15, 2010 4:15 pm ET filed under Blog

Rep. Pence Says It's Pelosi's Fault GOP Won't Compromise On Tax Cuts

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November 08, 2010 11:32 am ET filed under Blog

Fact Checking The Sunday Shows - November 7, 2010

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November 08, 2010 11:19 am ET filed under Fact Check

Fact Checking The Sunday Shows - November 7, 2010

The Sunday shows were crowded with naked falsehoods yesterday. Rep. Eric Cantor (R-VA) claimed on Fox News that President Obama "has killed jobs" despite the fact that a resurgent private sector has added 1.1 million jobs so far this year. On CBS, Sen. Mitch McConnell (R-KY) claimed that 750,000 small businesses pay income taxes in the top two brackets, but that number only works if you include massive corporations like Bechtel and PriceWaterhouseCoopers, which play accounting games to avoid corporate tax rates, in your definition of "small businesses." Sen. Jim DeMint (R-SC) absurdly claimed on NBC that Rep. Paul Ryan's (R-WI) entitlement-slashing debt reduction plan requires more sacrifice from bureaucrats than from average Americans. Worst of all, Rep. Mike Pence (R-IN) claimed on ABC that tax cuts for the wealthy are good for the economy and don't increase the deficit. In the real world, of course, Pence is wrong on both counts.

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November 04, 2010 10:13 am ET filed under Blog

Top Republicans Throw Rep. Bachmann & The Tea Party Under The Bus

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October 27, 2010 7:17 pm ET filed under Blog

Rep. Boehner: "This Is Not A Time For Compromise"

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October 22, 2010 12:56 pm ET filed under Blog

Rep. Pence Says GOP Majority Shouldn't Be Bipartisan: "No Compromise"

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October 14, 2010 10:00 am ET filed under Blog

Rep. Bachmann Is A Socialist! Another GOP Attack Bites The Dust

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September 27, 2010 10:50 am ET filed under Blog

Rep. Pence Can't Make "Credible Economic Argument," Doesn't Bother Trying

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September 27, 2010 10:49 am ET filed under Video

Rep. Pence Can't Make "Credible Economic Argument," Doesn't Bother Trying

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September 08, 2010 3:52 pm ET filed under Blog

Rep. Pence Lies About Orszag's New York Times Column

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September 03, 2010 12:14 pm ET filed under Video

Rep. Pence Spins Job Numbers

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September 03, 2010 11:06 am ET filed under Blog

As Republicans Spin Job Numbers, Small Business Bill Waits

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August 09, 2010 12:41 pm ET filed under Blog

Midwest Two-Step: Heartland GOPers Dance Around Bush Tax Cut Questions

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August 09, 2010 12:41 pm ET filed under Video

(FULL VIDEO) Heartland GOPers Dance Around Bush Tax Cut Questions

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August 09, 2010 10:04 am ET filed under Blog

Fact Checking The Sunday Shows - August 8, 2010

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August 09, 2010 10:02 am ET filed under Fact Check

Fact Checking The Sunday Shows - August 8, 2010

On Sunday's Meet the Press, Reps. John Boehner (R-OH) and Mike Pence (R-IN) dodged repeated questions about the cost of extending the Bush tax cuts. Both indirectly suggested that government doesn't need to pay for tax cuts. There is a clear consensus among economists across the political spectrum that tax cuts don't pay for themselves, and that letting tax cuts swell deficits is, in a Bush adviser's words, "just future taxes." Rep. Boehner also suggested Social Security is unsustainable, and Gov. Mitch Daniels (R-IN) agreed on Fox News Sunday. In fact, Social Security is solvent through 2037, and the shortfall thereafter is fairly small. Elsewhere, Tony Perkins told Face the Nation viewers that the Prop. 8 decision ignored the impact of no-fault divorce laws on marriage, when in fact the ruling specifically addressed the subject.

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August 06, 2010 11:33 am ET filed under Blog

Rep. Pence Blasts State Aid Package As A "Bailout" AND "Takeover"

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August 05, 2010 10:08 am ET filed under Blog

GOP Swoons Over Missouri Health Care Vote, Ignores National Attitudes

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July 29, 2010 4:52 pm ET filed under Blog

Rep. Pence On The Republican Agenda: It's Coming, We Promise

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July 27, 2010 1:41 pm ET filed under Fact Check

On False Tax Hike Charge, Rep. Pence Sticks To His Poorly-Aimed Guns

In a floor speech this morning, Rep. Mike Pence (R-IN) returned to the dishonest claim that Democrats are "poised to add tax increases to their agenda" and suggested that Democrats will increase taxes for everyone in January. Pence also attacked the Democrats' economic policy, claiming that Democratic policies have failed to fix our economy. The reality is that it was Pence's party that wrote an expiration date into the 2001 tax cuts that brought us this deficit — and Democrats are proposing to extend those cuts for 98% of Americans. What's more, the Recovery Act has turned the economy around and taken us from massive monthly job losses to slow but steady private-sector job growth.

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July 23, 2010 10:20 am ET filed under Video

Rep. Pence: Reagan Cut Taxes And Revenue Went Up

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July 19, 2010 5:27 pm ET filed under Blog

Rep. Pence: Reagan Cut Taxes And Revenue Went Up

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July 19, 2010 10:30 am ET filed under Blog

Fact Checking The Sunday Shows - July 18, 2010

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