Friday, January 30, 2009

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As discussed on today's show:

The study by the Government Accountability Office regarding the tax burden of of U.S. corporations.

Don't believe the Republi-con myths!

1 comment:

Julia said...

Here's another myth to bust, the one claiming that basically the government caused the sub-prime melt down by Forcing good old American financial institutions to lend money in poor neighborhoods. I really love this myth because it serves to put the blame simultaneously on the boogy man GOVernment AND POOR PEOPLE AT THE SAME TIME!! How often does that opportunity present itself??
What a shame that neither of these is true.
Here is a link to the full article along with a thumbnail sketch of it:

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Tue, Nov 25, 2008 7:29pm ET
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Hannity baselessly blamed Democrats, CRA for financial crisis
Summary: Sean Hannity baselessly asserted that "[t]he federal government and the Democrats ... forced these banks, through the Community Reinvestment Act, to make these risky loans," adding, "The risky loans started the subprime mortgage crisis, which impacted all these financial institutions, which needed government bailouts." In fact, according to housing experts, the vast majority of subprime loans were made by independent lenders not covered by the CRA.