The Wall Street Journal misleadingly claimed in an editorial that the U.S. corporate tax rate "is higher than in all of Europe." In fact, according to the Government Accountability Office, "Statutory tax rates do not provide a complete measure of the burden that a tax system imposes on business income." Additionally, World Bank and GAO data indicate that the U.S. effective corporate tax rate is lower than 35 percent and lower than several developed -- including some European -- economies.
Echoing a Republican talking point, Rush Limbaugh asserted in a Wall Street Journal op-ed that "[t]he average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they're left alone." But Limbaugh's claim misses the point and misrepresents the reason for the stimulus bill. Economists take the position that an economic stimulus package is necessary, both during the recession and after the economy begins to recover.
On his radio show, Rush Limbaugh allowed Rep. Eric Cantor to falsely claim of the American Recovery and Reinvestment Act of 2009: "Even the Congressional Budget Office ... says it is not a stimulative bill." In fact, the CBO stated in its January 26 report: "CBO anticipates that implementation of H.R. 1 would have a noticeable impact on economic growth and employment in the next few years," while the CBO director said that the bill would "provide massive fiscal stimulus."
With a Democrat back in the White House, Rush Limbaugh has wasted no time in hurling false and baseless attacks against President Obama, echoing his slanders and smears of President Clinton, his family, and his administration during the 1990s.
Parroting GOP talking points, Rush Limbaugh falsely claimed $4.19 billion of President Barack Obama's economic recovery package "is going to ACORN." In fact, the bill does not mention ACORN or otherwise single it out for funding.
Michelle Malkin, Rush Limbaugh, and Sean Hannity have falsely asserted or suggested that Robert Reich, speaking at a congressional forum, proposed that jobs created by the economic stimulus package should exclude white males. In fact, Reich has repeatedly stated that he favors a stimulus plan that "includ[es] women and minorities, and the long-term unemployed" in addition to skilled professionals and white male construction workers, not one that is solely limited to them.
On Hannity, speaking of President Obama's reported plan to reverse the U.S. government's Mexico City policy restricting federal funding for international family planning groups, Rush Limbaugh falsely claimed "[former President] Clinton imposed it." In fact, the Mexico City policy prohibiting the federal government from providing funds to international family planning groups that promote abortion or provide information, counseling, or referrals about abortion services in other nations was imposed by President Reagan, rescinded by Clinton, and revived by George W. Bush.
Rush Limbaugh responded to a caller's account of her own economic troubles as a homeowner and small business owner and her assertion that she "need[s] people to start believing that America is going to turn that corner" by stating, "Well, you might want to consult history," adding: "It was much worse than this 26 years ago."
From the January 21 edition of Fox News' Hannity:
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On his radio show, Rush Limbaugh falsely suggested that Planned Parenthood mainly provides abortions, saying, "You go into Planned Parenthood for an abortion, all right?" In fact, according to the Planned Parenthood website, 3 percent of its health services are abortion services.
Media figures have claimed or suggested that President-elect Barack Obama is only now admitting that he may have to scale back his campaign agenda as a result of the weak economy. In fact, Obama repeatedly said prior to the November 2008 election that some policies he proposed on the campaign trail might need to be delayed because of economic conditions.
Rush Limbaugh falsely asserted that Rep. Barney Frank "created the problem" of the subprime mortgage crisis, claiming that Frank's "definition of affordable housing was to make sure that people who couldn't pay the loans back got the loans, the mortgages. He forced Fannie Mae and Freddie Mac to do this." In fact, Frank has advocated for policies that emphasize low-income home rentals as opposed to homeownership and supported legislation to strengthen oversight over Fannie and Freddie.
Rush Limbaugh baselessly claimed that Democrat Al Franken "stole the race" for Minnesota's Senate seat and asserted that "The Wall Street Journal has a story on this. They're counting votes twice -- votes that were rejected, all kinds of things." However, the Journal "story" Limbaugh referred to was an editorial, which simply asserted that there was double counting -- echoing the accusation by the incumbent, Republican Norm Coleman -- and did not cite reporting to support its claim.
On his radio show, Rush Limbaugh falsely claimed that in his first term, President George W. Bush "left a lot of Clinton U.S. attorneys in office, did not sweep them. Only in his second term did he start replacing some." In fact, Bush reportedly replaced 88 of the 93 U.S. attorneys with his own appointees during the first two years of his presidency.