By Bob Parks ——Bio and Archives--July 11, 2010
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Subsidies for oil and gas companies make up 88 percent of all federal subsidies. Just cutting the oil and gas subsidies out would save the U.S. government $45 billion every year. — Keith Olbermann on Tuesday, July 6th, 2010 in a comment on MSNBC’s ‘Countdown with Keith Olbermann’ We aren’t qualified to judge the accuracy of the Center for American Progress’ statistics, which may well draw criticism from conservatives. But Olbermann clearly muffed it twice when he repeated them incorrectly to viewers — and by a substantial margin — giving viewers the impression that oil and gas subsidies are 10 times more expensive than they actually are. Because of this, we considered rating his comment Pants on Fire, but his errors seemed to us to be sloppy rather than devious. So we’ll give him a rating of False.Well, that’s more mercy than Olbermann issues when he accuses others of misleading.
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Bob Parks is a is a member/writer of the National Advisory Council of Project 21. Bob’s websites are Black & Right and youtube.com/BlackAndRight