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ABC left Barack Obama alone, to deal with a couple of other campaign angles. Jake Tapper fact checked a Hillary Rodham Clinton ad running in Indiana that criticizes President George Bush for allowing production at a Valparaiso plant that makes smart magnets for munitions to be outsourced to China, losing 200 jobs in the process. Tapper pointed out that Rodham Clinton had "conveniently forgotten" that Magnequench was sold to Chinese interests in 1995 when Bill Clinton was President and "his administration approved the deal despite national security concerns."
Tapper's colleague David Wright (embargoed link) looked at the summer vacation plan, proposed by Republican John McCain, seconded by Rodham Clinton, opposed by Barack Obama, that motorists should enjoy a three-month holiday from the 18c-per-gallon federal gasoline tax. "Great politics but apparently terrible economics," was Wright's conclusion, arguing that lower tax-free prices would increase demand for gasoline, thereby raising prices. "Cutting the gas tax goes against the long-term energy goals all three candidates have embraced--cutting pollution and reducing our dependence on foreign oil."
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