MORGAN: "You have already indicated again that you don't really believe it will be a $5 trillion tax cut."
CUTTER: “No. What I have indicated was he has a $5 trillion tax cut.”
Sigh. Let's go to the video tape. Same woman, same network, last week:
BURNETT: But when he closes deductions he won’t be anywhere near $5 trillion. That’s our analysis.
CUTTER: Well with, okay, stipulated, it won’t be near $5 trillion, but it’s also not going to be the sum of $5 trillion in the loopholes that he’s going to close.
This was such a seminal moment that the Romney camp highlighted it in a campaign ad -- which also quoted MSM fact-checks of the dishonest stat:
The Wall Street Journal has even more today:
Mr. Romney has been saying this for months, and over the weekend Obama campaign spokesman Jen Psaki conceded 80% of the argument. En route to California with reporters aboard Air Force One, Ms. Psaki said that the elimination of enough deductions and loopholes could in fact cover $3.8 trillion. That becomes $4 trillion if you include fewer interest payments on less debt, which means the Obama campaign was saying as of Sunday that the Romney "tax cut" was $1 trillion, not $5 trillion. But soon after Air Force One landed, it became clear that either Mr. Obama hadn't gotten the memo—or didn't like what it said. At a Los Angeles fundraiser, Mr. Obama repeated the bogus claim that his own campaign had just repudiated.
But remember, gang, the Obama campaign takes fact-checking "very, very seriously," according to...Stephanie Cutter.
Feds Pay Back Feds the Bailout Money from Feds and Feds Are Happy, But You Lose. Again | John Ransom