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September 28th, 2009
06:36 AM ET

PolitiFact Truth-O-Meter

Editor's Note: is a project of the St. Petersburg Times that aims to help you find the truth in politics. Every day, reporters and researchers from the Times examine statements by members of Congress, the president, etc. They research their statements and then rate the accuracy on their Truth-O-Meter.

Barack Obama got many campaign contributions from Goldman Sachs

[cnn-photo-caption image= caption="Filmmaker Michael Moore speaks at a rally and march to Wall Street on September 22, 2009 in New York City."]

Liberal filmmaker Michael Moore has a new film coming out - Capitalism: A Love Story - and he appeared on Comedy Central's The Colbert Report to promote it.

The show's ironically conservative host, Stephen Colbert, defended capitalism and the bailouts of late 2008, which led to a mock debate between them.

At first, Wall Street was actually angry about the bailouts, Colbert claimed. "because it might come with strings attached," he explained. "But they forgave Obama when he didn't add any. Now all is forgiven."

"That's why you like Obama so much now?" Moore asked.

"I don't like Obama so much," Colbert said. "On this, I do. And your film is helping me like Obama, because you're a critic of his. You think he's in the pocket of guys like Goldman Sachs."

"I point out in the film that Goldman Sachs is his No. 1 private contributor," Moore answered. "But I voted for the guy. I'm still hopeful that he's going to do the right thing and side with us, and not Wall Street. But the jury's out on that."

We'll let you draw your own conclusions on their debate. We wanted to check Moore's statement about Obama's contributors and the financial services firm Goldman Sachs.

The Truth-O-Meter says: TRUE


Read more: Goldman employees gave close to $1m

No. 177: Close the Guantanamo Bay Detention Center

[cnn-photo-caption image= caption="An image reviewed by the U.S. military shows the outside of the Camp Five detention facility December 10, 2008 on U.S. Naval Station Guantanamo Bay, Cuba."]

The Promise:
"As president, Barack Obama will close the detention facility at Guantanamo."

Update September 25th, 2009: More difficulties, this time from inside White House
By Catharine Richert

Promise No. 177 has hit another snag.

On the campaign trail, President Barack Obama promised to close the detention center at Guantanamo Bay. Two days after he took office, he vowed to close it within a year - by Jan. 22, 2010.

But his effort has been slowed by the difficulty in finding a place to house the approximately 240 prisoners held there and resistance from Congress. In May, the Senate refused to fund Obama's efforts to close the center until he provided more detail on what, exactly, he intended to do with the detainees housed there. Now, Gregory Craig, the White House insider who was put in charge of the effort, is being removed from the project, according to a Sept. 25, 2009, Washington Post article.

The Obameter says: STALLED


Read more

No. 195: Seek verifiable reductions in nuclear stockpiles

[cnn-photo-caption image= caption="A Russian Topol-M intercontinental ballistic missile drives through Red Square during the nation's Victory Day parade in Moscow on May 9, 2009 in commemoration of the end of WWII."]

The Promise:
"Barack Obama and Joe Biden will seek deep, verifiable reductions in all U.S. and Russian nuclear weapons — whether deployed or non-deployed, whether strategic or non-strategic — and work with other nuclear powers to reduce global stockpiles dramatically by the end of an Obama presidency."

Update September 25th, 2009: Obama moving toward reducing nuclear arsenal
By Robert Farley

With START (Strategic Arms Reduction Treaty) scheduled to expire in December 2009, the U.S. and Russia have begun to lay the groundwork for a follow-up treaty to further reduce nuclear weapons stockpiles. On April 1, President Obama and Russian President Medvedev met in London and agreed to pursue a new agreement before the end of the year to reduce strategic offensive arms.

The Obameter says: IN THE WORKS

In the Works

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Filed under: Truth-O-Meter
soundoff (5 Responses)
  1. Joe

    When will we Americans stop obsessing over the almighty dollar? I've never seen money as important as it is today. I've been rich, I've been poor. I have enough to live on and that's OK with me. The one who dies with the most toys wins? Who cares, you're still dead. What exactly do you win? Greed is good? This statement is so wrong it should be criminal. You can only live in one house at a time. You can only drive one car at a time. What the hell is going on in this country? Next thing you know, we'll elect a black president! I'm done. I think I'll go shopping for something else I don't need.

    September 28, 2009 at 12:31 pm |
  2. jim vicalvi

    I used to like wolf bluster but after watching him interview michael moore [as in more money for me] it has become apparent that over time he has changed from being an excellent reporter and interviewer into your common political media hack. He did ask moore about all of the money that he has made but then let moore huff and puff and spin his way out of an honest answer. In fact, ANY answer. He talks against capitalism and how money makes money but fails to talk about all of the money that he has made under the name of [gasp] Capitalism. All of the while he has that simple smile that makes him look like a baby who has just loaded up his pants and is very satisfied with him/her self.

    September 28, 2009 at 11:51 am |
  3. Lawrence

    Why does it matter? It seems like nothing this President does or has done is okay with you people. Little Bush can send my fellow troops and I to war in Iraq, get us injured and killed, with no good reason and he is loved. It couldnt be because Obama is a little bit dark could it?

    September 28, 2009 at 8:11 am |
  4. Bernadette Loesch

    In my opinion you are stretching a truth and misleading us with the query. While the employees at Goldman Sachs may have contributed to the Obama campaign, you make it sound as if the execs at the company contributed to Obama. That is two very different 'animals'. You need to frame this theory into a more defined hypothesis.

    September 28, 2009 at 7:28 am |
  5. ken

    It seems like you can fool most of the people most of the time. The tea baggers keep calling obama a socialist and he keeps bailing out the banks and wall street with trillions of dollars. They call him a socialist and health care stocks go up 50%. They call him a liberal and he keeps expanding the war in afghanistan and defense stocks go up.
    They keep calling obama a socialist and he allows banks and wall street to give out billions in bonuses.Will there be new regulations for banks and wall street? Will there be 90% tax rates for milionaires? Will private health care insurance companies loose money? WIll credit card interest rates come down? More people are saving but wIll interest rates on savings accounts go up? Will there be a health care bill with a public option? Absolutely not.

    September 28, 2009 at 7:23 am |