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Hannity advances gross distortion: "watchdog group" estimated "Obama spending" at "$23 trillion with a T"

July 22, 2009 8:26 am ET

From the July 21 edition of Fox News' Hannity:

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Previously:

Media grossly exaggerate potential cost of TARP

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    • Author by Easy to refute wingnuts (July 22, 2009 8:52 am ET)
         
      Look out! If there's a watchdog with that much money, Rick Santorum may want to marry it!
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    • Author by IRONY 101 (July 22, 2009 9:00 am ET)
      2  
      Mr. Hannity, a tube of K-Y jelly is en route in order for you to lubricate your anus so that the bogus factoids you habitually pull out of it will slide more easily. I'll bet baby Jesus is proud of you, Sean.
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    • Author by mk3872 (July 22, 2009 9:13 am ET)
      1  
      The funny part is that the majority of the $23T the US is liable for was authorized by his boy W ...
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      • Author by congero6189599 (July 22, 2009 9:31 am ET)
        1  
        I got in a discussion yesterday with JS who obviously had listened to Hannity spouting the same nonsense, they call themselves independent thinkers too. It's like their the "Borg" from Star Trek.
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        • Author by shaggles (July 22, 2009 3:56 pm ET)
             
          Right. And we're "sheeple" because we don't believe every crackpot conspiracy theory and corporate sponsered reseach report that's touted by FOX.
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    • Author by cmiller442 (July 22, 2009 10:03 am ET)
      1  
      Scarborough tried making the same 23 trillion dollar bailout claim in a segment interviewing a Washington Post columnist during today's "Morning Joke".

      No matter how rational the columnist presented his side of the debate, Scarborough would have nothing of it. It absolutely has to be the worst case scenario because it's the democrats spending the money this time. Shoveling cash into Halliburton's overseas accounts is okfinenoproblem.
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      • Author by cmiller442 (July 23, 2009 7:16 am ET)
           
        Just caught this one today;

        Yesterday, TARP Inspector General Neil Barosky released a report which crudely tallied up the cost of every economic rescue program proposed during the current crisis — including those that have been discontinued or never even began — to state that the total scope of all financial rescue programs comes to about $23.7 trillion. Cable news hosts ran wild with the report, using it to claim that taxpayers will “ultimately” wind up paying $23 trillion in “bailouts.”

        The number continued to be cited on cable last night and this morning, with Fox News even claiming that $23 trillion will be the final cost of TARP alone. But Barofsky himself appeared on CNN to explain that the actual outstanding amount for the financial rescues is closer to $3 trillion, including loans that have yet to be repaid.
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