ElectionWatch: Hey Big Spender! Media Fail to Report Cost of Campaign Promises

Campaign promises are a rite of passage for presidential hopefuls. If you can promise enough people you’ll give them what they want, you just might have a chance at getting elected. But how much do these promises cost and how would we pay for them?

Amid calls for an emergency economic stimulus package, presidential candidates called for cash handouts. But the network news shows by and large ignore many of the policy proposals put out by the campaigns aimed at securing votes and spending taxpayer money. And when they do mention such proposals, very few questions are asked about where the money will come from.

“Well, I think that it’s important for us to make sure that we get as much money as quickly as possible into the pockets of hard-working Americans, understanding that, you know, we have finite resources,” Sen. Barack Obama (D-Ill.) said on the CBS “Early Show” January 27.

Obama’s reference to “finite resources” seems ironic, considering he leads all presidential contenders in proposed new spending with a whopping $287 billion, according to a new report from the National Taxpayers’ Union Foundation.

Fellow Democrat Sen. Hillary Clinton (N.Y.) trails him with $218 billion in proposed new spending. Republican candidates come in much further behind. Former Arkansas Gov. Mike Huckabee has proposed new funding totaling $54 billion. Former Massachusetts Gov. Mitt Romney proposed $19.5 billion and Sen. John McCain (Ariz.) has proposed nearly $7 billion.

Few of their proposals have been examined on the broadcast news outlets, however. Only Clinton’s $110-billion-per-year health care plan received any real scrutiny in the last six months.

Other proposals – including several ideas for economic stimulus, Obama’s $10 billion to help Americans who borrowed more than they could afford, Clinton’s support for universal pre-kindergarten and $50 billion in AIDS relief – were mentioned, but reporters didn’t bother to ask where the money would come from.

The answer, of course, is: you! The government pays for its programs with taxpayer money, so increased spending must be met with either cuts from other programs or finding ways to increase government revenue, like raising taxes.

But reporters routinely missed opportunities to investigate stimulus proposals. When Obama talked about his plan to “put forward a $10 billion fund to focus on helping families that … have been induced into mortgages that they can’t pay” on ABC’s “This Week” January 27, host George Stephanopoulos didn’t bother to ask Obama how he’d pay for the fund.

When Obama told Harry Smith of the CBS “Early Show” that “it’s important for us to make sure that we get as much money as quickly as possible into the pockets of hard-working Americans” January 27, Smith didn’t probe further to find out how much money Obama was talking about.

Clinton’s $62-billion economic stimulus package – including an emergency housing crisis fund, heating oil subsidies and expansion of unemployment benefits – came up on NBC’s “Meet the Press” January 13. “I’ve proposed a very vigorous package of economic action that I think would, you know, forestall and maybe, hopefully mitigate against what is going on in the economy,” Clinton said. Host Tim Russert told Clinton, “You don’t pay for it.”

Can the ‘Bush Tax Cuts’ Pay for Everything?

Of the hundreds of programs promised by the various candidates, only Clinton’s health care plan stood out as worthy of “extensive” media scrutiny. Announced in September, Clinton’s universal health care plan would require businesses to provide insurance for employees and require insurance companies to sell it.

It would also cost taxpayers $110 billion every year. Clinton made it clear she would help finance her health care plan by “rolling back” the Bush tax cuts, amounting to a massive tax increase. But she had to admit that wouldn’t cover it all. Some journalists took note.

“Clinton puts the cost at $110 billion a year, with a combination of tax credits and tax hikes for those making $250,000 or more helping to defray the cost,” Jim Axelrod reported on the September 17 CBS “Evening News.”

“Watchdog groups and legislative sources said it is impossible to know whether the money from the about $55 billion in tax cuts from the wealthiest 2 percent of Americans will be available for a president to spend on other priorities,” Christina Bellantoni wrote in The Washington Times Sept. 20, 2007.

Other questions about Clinton’s health care plan were also raised.

“Your plan costs more than anybody else’s. It runs out at more than $100 billion a year and relies very heavily on rolling back the Bush tax cuts,” Harry Smith said on the September 18 “Early Show. “That’s sacred ground for Republicans.”

“Good Morning America” host Diane Sawyer asked Clinton September 18, “Can you realistically keep it at 100 billion?” Clinton responded, “Absolutely.”

Clinton wasn’t the only one putting out questionable explanations for funding her promises.

“Mr. Obama this week said getting rid of Mr. Bush’s tax cuts would fund his proposed $85 billion in tax cuts for the middle class. But his $50 billion health care plan is also funded by the Bush tax cuts and cost-savings measures,” Bellantoni wrote.

Anne Kornblut of The Washington Post mentioned Obama’s apparent double-talk in a Sept. 19, 2007, brief, noting his promised tax cuts though “he earlier said he would use those funds for his health-care program.”

Complete Ignorance

The vast majority of the programs in candidates’ platforms seem to have gone unnoticed in the media. Some examples:

Texas

Clinton

Blips on the Radar

Even the few times spending proposals were covered they received little, if any, follow-up.

Clinton’s own campaign ads have touted her support for a national pre-kindergarten that would provide money to states so they could offer free or low-cost pre-k programs. The NTUF estimates the program will cost $35 billion over five years.

The networks have mentioned “Clinton” and “kindergarten” more than a dozen times in the last six months, but mostly in the context of Clinton’s attack on Obama for writing an essay in kindergarten about wanting to be president.

Clinton included her proposal in an August debate, but no one reported on it after that. The only time in the last year that it’s been mentioned on the network news was by Matt Lauer on the “Today” show. He did ask Clinton how should would pay for the program.

Clinton said she would “rearrange our priorities” and mentioned “a long list of expenditures that I would certainly not continue, a lot of corporate taxes, a lot of loopholes that need to be closed. And also, we’re spending more than a half a trillion dollars without paying for the war in Iraq.”

A November 30 CBS “Early Show” segment referenced Clinton’s support for $50 billion in AIDS relief without mentioning how she might pay for it.

Bob Schieffer, host of CBS’s “Face the Nation,” on January 27 asked Giuliani how much a catastrophic insurance fund would cost.

Even the candidates themselves have noticed the media’s failure in reporting on the exorbitant costs of their opponents’ promises, as well as the candidates’ failure at explaining where the money will come from.

“Senator Obama puts out a lot of his policies without paying for them, about 50 billion, as we have calculated,” Clinton said on “Meet the Press” January 13. Her veiled plea for more coverage of her opponent’s proposals seems to have fallen on deaf ears at the broadcast networks.

But at least one print journalist agreed – The Washington Post’s media columnist, Howard Kurtz. Explaining how journalists haven’t really gotten to Obama, Kurtz noted one of the candidate’s speeches was “saturated with proposals.”

“There was no discussion of how he would pay for all this, other than to say his health-care plan would be partly financed by ending the Bush tax cuts for the wealthiest 1 percent of Americans,” Kurtz wrote January 28.

“Back in November and December the print media was doing a fairly decent job of analyzing the proposals of the candidates,” NTUF Senior Policy Analyst Demian Brady told the Business & Media Institute, “but once January hit and voters started actually going to the polls and speaking, out the horserace coverage has dominated the reporting of the race."

But Brady said he was hopeful that the reports from NTUF would be “a good reminder to the media and the voters” of the promises candidates are making and the costs associated with their proposals.