Obama sent “$2.3 billion to jobs in foreign countries.”

Claim: The ad shows a picture of the Chinese flag and the  words “$2.3 billion to jobs in foreign countries.”  while the narrator claims that Obama “sent job overseas.”

Ad(s): On the Hook

Sponsor(s): American Future Fund

Air Dates: Apr. 24-28, 2012

Total Estimated Spending On This Claim:  $307,173

 

FactCheck’s Summary:    The statement is largely true, but Chinese companies got little of that $2.3 billion…Russ Choma, an investigative reporter then working at American University’s Investigative Reporting Workshop,who wrote that companies based overseas were receiving stimulus money to build wind farms in the U.S. On Sept. 27, 2010, Choma wrote that about $2.38 billion in stimulus money went to foreign developers – but he told us at the time that only $2.6 million went to firms in China. He could not say how many jobs were created in China or any other foreign country.  Click here to read more

Washington Post Fact Checker Summary: The original source for that information was American University’s Investigative Reporting Workshop, and its reporting was much more nuanced…The article actually said that the tax credits “went to foreign firms that employed workers primarily in countries including China, South Korea and Spain, rather than in the United States.” That’s different from saying the money went overseas; it is talking about companies based overseas. Click here to read more