2012 State of the Union Speech

2012 State of the Union Speech

Facts and Logic part 10

On Tuesday, January 24th, 2012 President Barack Obama gave his “State of the Union” speech. Some wondered if the claims he made were “true” or “factual”; or were they a spun a bit to make himself look good in the next election. The “facts and logic” forum has taken a break from fact chasing the GOP candidates and pointed their microscope at the Commander-in-Chief.

"In the last 22 months, businesses have created more than three million jobs. Last year, they created the most jobs since 2005,"

Fact: The private sector has seen job growth in 22 consecutive months starting in 2010, growing by 3.16 million or at a rate of 143,000 per month. But if you include all sectors of employment with some job loss in the Federal Government and State Jobs; then the growth gets evened out to 15 consecutive months not 22. ~Bureau of Labor Statistics.

 

"(After the auto bailout) General Motors is back on top as the world’s No. 1 automaker."

Fact: In 2011, General Motors (Chevy, Cadillac, Buick and GMC) sold 9 million vehicles making them the top automaker in the world. Toyota held the top spot in previous years and Volkswagen, whom I might add contests this claim by GM, is at a close second with 8.2 million vehicles sold in 2011.

Keep in mind, that Toyota also is going through clean up from a Tsunami. GM is including it’s world wide sales through it’s affiliates from China which it does not fully own and is only partial owner.

GM, besides getting TARP funding, also went through a painful bankruptcy and most companies typically rebound from bankruptcy reorganization.

Ford Motor Company didn’t accept TARP funds and has seen sales increase 11 percent without Obama’s bailout plan.

"Right now, American oil production is the highest that it’s been in eight years."

FACT: Within the last 8 years, from 2003 to 2010, U.S. Oil production went from 1,998,137,000 barrels of American crude oil to 2,055,646,000 barrels as of 2011. This figure was gathered from the Energy Information Administration.

 

 

"We got rid of one rule from 40 years ago that could have forced some dairy farmers to spend $10,000 a year proving that they could contain a spill – because milk was somehow classified as an oil,"

FACT:  As ridiculous as this all sounds, an EPA counter measure that came into effect in 1973 ruled that dairy products would fall under the same regulations as petroleum because of the oils from animal fat, and milk’s butter fat content. This all thanks to the Clean Water Act.

In April of 2011, the EPA lifted it’s restrictions on the storage of milk as long as the storage tanks meet pasteurization laws. Milk spills will no longer be looked at like Oil spills.