Obama campaign film contains $25 billion error on auto bailouts
The Obama 2012 campaign has released a short film called “The Road We’ve Traveled,” detailing the challenges faced by President Barack Obama’s administration from day one through the start of the campaign.
But it’s not all roses for team Obama: part of the film contains a gross inaccuracy. Specifically, it claims that General Motors (GM) has fully repaid its federal bailout loan. It has not — meaning the documentary contains a $25 billion error.
Of the nearly $50 billion given to GM, just under half has been repaid to the government. Officials still argue the auto bailouts were a good investment due to the hundreds of thousands of jobs saved by that decision, and it is accurate to say that GM has returned to record profits — as have all the other major American automakers.
Covering the greatest financial calamity in American history, the historic effort to pass health care reform, the end of the Iraq war, the killing of Osama bin Laden and finally, the financial reforms that have only just taken effect, the 17-minute film makes a passionate case for another term in the White House, almost entirely ignoring the president’s opponents to focus on his successes.
“The Road We’ve Traveled” debuted Thursday night in dozens of online screenings at Obama campaign offices across the country. Filmed by Davis Guggenheim, the director behind Al Gore’s “An Inconvenient Truth,” it reportedly cost the campaign $345,000 to pull together.
This video is from the Obama 2012 campaign, published Thursday, March 15, 2012.