BIDEN: Said McCain supports tax breaks for oil companies, and "wants to give them another $4 billion tax cut."
THE FACTS: Biden is repeating a favorite saw of the Obama campaign, and it's misleading. McCain supports a cut in income taxes for all corporations, and doesn't single out any one industry for that benefit.
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BIDEN: Complained about "economic policies of the last eight years" that led to "excessive deregulation."
THE FACTS: Biden voted for 1999 deregulation that liberal groups are blaming for part of the financial crisis today. The law allowed Wall Street investment banks to create the kind of mortgage-related securities at the core of the problem now. The law was widely backed by Republicans as well as by Democratic President Clinton, who argues it has stopped the crisis today from being worse.
PALIN: Said Alaska is "building a nearly $40 billion natural gas pipeline, which is North America's largest and most expensive infrastructure project ever to flow those sources of energy into hungry markets."
THE FACTS: Not quite. Construction is at least six years away. So far the state has only awarded a license to Trans Canada Corp., that comes with $500 million in seed money in exchange for commitments toward a lengthy and costly process to getting a federal certificate. At an August news conference after the state Legislature approved the license, Palin said, "It's not a done deal."
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