copenlu/druid huggingface dataset:
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-05): It’s wrong to say that coronavirus relief legislation didn’t support ordinary small businesses. The CARES Act included the Paycheck Protection Program, which was designed to support smaller employers. Among the loans made with the first $350 billion of the Paycheck Protection Program, three-quarters of those loans were made in the smallest loan size category, one that would support a business of roughly seven to 10 people. In addition, singling out Trump for problems with how coronavirus relief efforts ignores that the efforts were also backed by virtually all congressional Democrats.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2024-01-22): As Donald Trump surges toward the Republican nomination, many Wall Street executives have made a calculated decision not to speak out against him, and in some cases they will consider supporting the Republican former president over Democratic President Joe Biden, according to more than a dozen people familiar with the matter. [...] "It's painful for me to admit this, but Wall Street is basically nonchalant to this election," longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill. [...] Wall Street's refusal to counter Trump has grown more obvious as the former president effectively sewed up the Republican nomination in the past week.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-06-18): Unlike the 2008 bailout packages, which funneled hundreds of billions to Wall Street and padded executives already-cushy pay packages, the CARES Act was shot through with provisions that lawmakers said would ensure that federal funds actually went to those in need. Any money loaned through the new $500 billion Federal Reserve program, for example, came with oversight measures, limits on stock buybacks and caps on executive compensation. [...] While few dispute that an ambitious federal bailout package was necessary to help the country confront dueling economic and public health crises, it’s clear now that Congress’s massive outlay of cash has been often inefficient, helping to exacerbate the already-yawning wealth gap in the United States while leaving the neediest in the lurch during the worst unemployment crisis since the Great Depression. This package, devised and promoted as a mechanism to alleviate inequitable suffering during the pandemic, may end up playing a role in exacerbating it in the immediate future. [...] Almost three months after President Trump signed the CARES Act into law, some of the most anticipated programs are finally getting off the ground. On June 15, Treasury Secretary Steve Mnuchin announced lenders could begin registering for the Main Street Lending Program (MSLP). Like PPP, the MSLP will administer federally-backed loans, but expands the eligibility requirements to encompass businesses with up to 15,000 employees or $5 billion in revenue. (Unlike PPP, the loans are not forgivable). While the program is not yet operational, the use of banks as intermediaries could potentially mean a repeat of the anger that surrounded PPP recipients.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2018-03-09): His concern was that if Donald Trump were elected president of the United States — a remote prospect, but not impossible — the shock could be a black swan moment. That’s Wall Street jargon for a highly unexpected event that plunges the economy into the unknown. The sudden arrival of a figure so unpredictable, with so little governing experience, could upend global markets and possibly require emergency government intervention. Lew decided to stay at his post in Washington.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2023-03-18): During the 2008 financial crisis, there was no way to extinguish the flames without bailing out some of the financial arsonists, although it’s a myth that none of them paid any price, and the bailouts ended up turning a profit for taxpayers. The Biden administration’s more modest SVB bailout shouldn’t cost taxpayers a dime either, and so far there’s been no need to bail out any arsonists, although some depositors (including solar developers as well as wealthy tech bros) who wrongly assumed their building was safe were protected from losses. They weren’t protected because they were innocent or worthy or entitled to protection. They were protected to quell a panic, because panic is what turns local financial fires into systemic conflagrations. [...] The conventional wisdom at the time, and still today, was that the government bailed out Wall Street while screwing Main Street. But the reason the government bailed out Wall Street was to prevent the banking crisis from turning into a second Great Depression that really would have screwed Main Street. The financial rescues of 2008 all helped stabilize the system; the fall of Lehman, which the government failed to rescue, is what nearly dragged the system into the abyss. [...] Financial stability, unfortunately, tends to breed overconfidence. I must confess that in 2018 when President Donald Trump signed a bill relaxing Dodd-Frank’s oversight rules for SVB-size banks, I didn’t think it was a good idea, but I didn’t think it was a big deal, either. (Whoops.)
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-09-29): During the Great Recession, we bailed out Wall Street. This time, the bailout should be for the rest of us. The overwhelming majority of people want an economy that works for everyone, not just the super-rich. We want to be able to cover our basic needs, from housing to food to education, without being forced to take on unsustainable debt. We want a safety net to protect us when hard times strike and the security of knowing that getting sick will neither bankrupt us nor force us to put others at risk because we don’t have paid sick days.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-11): Fact check: Did Trump bail out Wall Street, 'but not main street?' [...] At one point, the ad asserts, "Trump bailed out Wall Street, but not Main Street." [...] The Lincoln Project ad says, "Trump bailed out Wall Street, but not Main Street."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-15): According to Aaron Sharockman, Politifact’s executive director, his fact-checker didn’t have a problem with any of the many statistics in the ad about the coronavirus death toll or unemployment numbers. Instead, Politifact zeroed in on one sentence: "Donald Trump bailed out Wall Street but not Main Street." To many (like me) this may seem like an opinion, whose worth depends on data. The Lincoln Project provided a number of sources, including Bloomberg, NBC, Vanity Fair, and even the New York Post, where a Fox Business News reporter wrote in an op-ed, "Wall Street traders will make money, while Main Street businesses face economic conditions not seen since the Great Depression." But Politifact chose an absolutist interpretation. Because the Cares Act passed by Congress and signed by Trump did some things for Main Street, it reasoned, in effect Trump had indeed bailed out mainstream America. "Most people who argue seem to suggest that maybe Trump has bailed out Wall Street more than Main Street," says Sharockman. "But that's not what the ad said. So I feel real good about the rating as calling it false."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-27): The debate around fact-checking on social media platforms tends to dwell on tricky and sometimes philosophical questions of free speech and internet governance. But the problem with farming out the job is more prosaic: third-party fact-checkers are often just as full of shit as the politicians they’re debunking. Facebook has had a program since 2016 that flags posts deemed misleading by organizations like Politifact and Factcheck.org. (The policy notably exempts speech by politicians, including Trump’s election fraud post, "even if the substance of that claim has been debunked elsewhere.") This can produce absurd outcomes. Earlier this month, the platform slapped a "Partly False Information" label on an anti-Trump ad because Politifact disputed its claim that "Trump bailed out Wall Street, but not Main Street." Considering that each part of that sentence—bailed out, Wall Street, Main Street—is a vague metaphor, it’s not even possible to say whether it’s true or false. Yet Politifact executive director Aaron Sharockman told WIRED’s Steven Levy, "I feel real good about the rating as calling it false."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-19): In an advertisement released earlier this month, the Lincoln Project, an anti-Trump PAC, claimed that the Trump administration bailed out big banks via its coronavirus stimulus legislation (the CARES Act), leaving Main Street to suffer the effects of the pandemic. "Trump bailed out Wall Street, not Main Street," a grim voice-over tells the viewer. President Donald Trump quickly took to Twitter hurling insults at the leaders of the PAC. Soon after, Politifact reported the advertisement’s claim was false, and Facebook subsequently labeled the advertisement "partially false." But the Lincoln Project’s statement is true by any measure: The Trump administration played a central role in crafting the CARES Act, a piece of legislation that has bailed out Wall Street and not Main Street. The designers of the CARES Act must be held responsible for their actions. [...] There is no better indicator of the dynamic between Wall Street and Main Street than the stock market’s deviance from the actual economic conditions ordinary Americans face. Since the Trump administration pushed through its Wall Street bailout and the Fed began buying up risky corporate bonds, the plunging stock market has rebounded dramatically, helping large corporations recover previously high valuations. Meanwhile, Trump’s SBA has struggled to get loans to small businesses, many of which have already had to close their doors and lay off employees.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2024-02-28): Lincoln Project stated on May 5, 2020 in an ad: "Trump bailed out Wall Street, but not Main Street." Joe Biden stated on March 15, 2020 in a debate: Because the Federal Reserve recently cut interest rates to near 0%, "the Fed will be of little consequence now. They’ve already used what leverage they have." Facebook posts stated on April 28, 2018 in a Facebook post: Says Red Cross President and CEO Marsha J. Evans makes "$651,957 plus expenses" a year and "only 9 cents of every dollar" donated to the organization goes to helping people in need. Kevin Cramer stated on May 30, 2018 in radio interview: Says Heidi Heitkamp has "never been interested in" regulatory relief "until all of a sudden I become a candidate for the Senate and put pressure on." Kellyanne Conway stated on January 27, 2017 in an interview with "CBS This Morning": "Here's the fact: The No. 1 source of income into Mexico are Mexicans working here and sending the money back."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-11): Did Trump bail out Wall Street, but not 'main street?'
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-05): Latest Fact-checks on Lincoln Project Lincoln Project stated on May 5, 2020 in an ad: "Trump bailed out Wall Street, but not Main Street."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2019-03-18): But did Wall Street get a $1 trillion bailout? That’s a nice round number for rhetorical purposes, but it’s not borne out by the facts. [...] Not only was Wall Street bailed out, but also the whole U.S. economy — at a profit of more than $200 billion for U.S. taxpayers. That point is frequently lost in the political discussion over whether the bailouts were worthwhile. We presume Sanders is not suggesting that the U.S. government should not have taken extraordinary actions to stabilize the financial markets. Still, a lot depends on how you crunch the numbers and what one includes as part of the bailout of "Wall Street." Sanders is also right that no major Wall Street official went to jail. (Maybe not so right: See update above.) So we will leave this at Two Pinocchios.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2016-12-08): By — PBS News Hour PBS News Hour Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/wall-street-cabinet-discredit-trumps-main-street-message Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript Audio From the early days of his campaign, one of Donald Trump's rallying cries was to "beware of Wall Street." But the president-elect’s Cabinet picks of Steve Mnuchin and Wilbur Ross are stalwarts of the financial establishment. Special correspondent Paul Solman speaks with banker-turned-journalist William Cohan about the relevance of their backgrounds and if the president-elect cheats at golf. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. JUDY WOODRUFF: But, first, economics correspondent Paul Solman looks at how Donald Trump's long business career, especially his relationship with Wall Street, may be shaping the way he fills top slots in his administration.Its part of our weekly series Making Sen$e.DONALD TRUMP (R), President-Elect: I know Wall Street. PAUL SOLMAN: The Trump campaign refrain from the get-go: Beware of Wall Street. DONALD TRUMP: I'm not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-05-05): At one point, the ad asserts, "Trump bailed out Wall Street, but not Main Street." [...] The Lincoln Project ad says, "Trump bailed out Wall Street, but not Main Street." [...] The clearest problem with the claim is the notion in the ad that "Main Street" is not being aided. About three-quarters of the loans in the Paycheck Protection Program were made in the smallest loan size category, one that would support a business of roughly seven to 10 people.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2016-07-29): America’s financial sector is in the news almost every day, its role in the economy and relationship to government subjects of public debate. "Banks got bailed out, we got sold out!" is a common protest chant in the Occupy Wall Street movement, while Federal Reserve chairman Ben Bernanke defends the Fed’s assistance to banks during the financial crisis in 2008. Meanwhile, the nation as a whole remains stuck in a recovery that feels like a continuation of the Great Recession. Is Wall Street benefiting at the expense of Main Street? [...] Perhaps surprisingly, the 2008 bank bailouts didn’t seem to prop up wages in banking, at least not immediately. But since the start of the recovery in 2009, bank employees have had bigger wage gains than other workers in most large metro areas. Maybe that’s one reason why the relative well-being of Wall Street and Main Street has received more public attention in recent months than it did when the bailouts occurred.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-03-18): Less than two hours after President Trump finished speaking at the White House on Tuesday about his plan to bail out industries reeling from the coronavirus pandemic, Democrats made it clear they had their own priorities. [...] Trump, who once criticized President Barack Obama’s bailout of the U.S. auto industry as "ruining American industry," now confronts the toxic politics of crisis-fighting. As his two most recent predecessors discovered in 2008 and 2009, battling an economic emergency involves balancing competing imperatives: time and justice. [...] "The bailouts in 2008 were not the problem. The problem was the terms, conditions and recipients," said Dennis Kelleher, head of the nonpartisan group Better Markets. "It created the tea party on the right, Occupy Wall Street on the left and ultimately delivered us President Trump."
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2016-01-04): Taxpayers will not have to bear the costs of Wall Street’s irresponsibility: If a firm fails in the future it will be Wall Street – not the taxpayers – that pays the price. [...] Ending bailouts: Reform will constrain the growth of the largest financial firms, restrict the riskiest financial activities, and create a mechanism for the government to shut down failing financial companies without precipitating a financial panic that leaves taxpayers and small businesses on the hook.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2021-04-07): In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing $454 billion to the Federal Reserve to support businesses. The move also gave then–Treasury Secretary Steven Mnuchin broad powers to adjust the terms of the lending as he saw fit. Three weeks after the law passed, a top executive at JPMorgan forwarded on an email to then–Treasury Deputy Secretary Justin Muzinich that outlined two items under the subject line "MSL industry review and Oil and Gas Banking Commentary." Part of the email referenced the Main Street Lending Program, called by the shorthand MSLP, targeting small- and medium-sized businesses that were left out of other COVID relief packages. [...] It’s unclear, based on the documents, how the Trump administration took up the specific items in the email. But there is plenty of evidence that both Wall Street and the fossil fuel sector did ultimately shape the terms of government lending to businesses. A March report from Public Citizen found the fossil fuel sector "in part responsible for the program’s failure to meet its goals," weakening language on employer retention, loosening requirements around financial needs, and increasing the loan size even to businesses employing fewer than 10 workers. The result was 46 fossil fuel companies receiving $828 million in MSLP loans by the end of November. Twelve of those companies each received loans of $35 million or more:
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2014-02-18): I wasn’t going to be bribed off my story, but I understood their panic. Here, after all, was a group that included many of the executives whose firms had collectively wrecked the global economy in 2008 and 2009. And they were laughing off the entire disaster in private, as if it were a long-forgotten lark. (Or worse, sing about it — one of the last skits of the night was a self-congratulatory parody of ABBA’s "Dancing Queen," called "Bailout King.") These were activities that amounted to a gigantic middle finger to Main Street and that, if made public, could end careers and damage very public reputations.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2021-02-10): But the most appalling part is the lying. The public has been lied to so shamelessly and so often in the course of the past four years that the failure to tell the truth to the general populace has become a kind of baked-in, official feature of the financial rescue. Money wasn’t the only thing the government gave Wall Street – it also conferred the right to hide the truth from the rest of us. And it was all done in the name of helping regular people and creating jobs. "It is," says former bailout Inspector General Neil Barofsky, "the ultimate bait-and-switch." [...] Barofsky, a former high-level drug prosecutor who was one of the only bailout officials who didn’t come from Wall Street, didn’t buy that cash-desperate banks would somehow turn down billions in aid. "It was like they were trembling with fear that the banks wouldn’t take the money," he says. "I never found that terribly convincing." [...] Moreover, instead of using the bailout money as promised – to jump-start the economy – Wall Street used the funds to make the economy more dangerous. From the start, taxpayer money was used to subsidize a string of finance mergers, from the Chase-Bear Stearns deal to the Wells FargoWachovia merger to Bank of America’s acquisition of Merrill Lynch. Aided by bailout funds, being Too Big to Fail was suddenly Too Good to Pass Up.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2016-01-08): For these Americans and so many others, change has not come fast enough. Some are frustrated; some are angry. They don't understand why it seems like bad behavior on Wall Street is rewarded, but hard work on Main Street isn't; or why Washington has been unable or unwilling to solve any of our problems. They're tired of the partisanship and the shouting and the pettiness. They know we can't afford it. Not now. [...] So I supported the last administration's efforts to create the financial rescue program. And when we took that program over, we made it more transparent and more accountable. And as a result, the markets are now stabilized, and we've recovered most of the money we spent on the banks. (Applause.) Most but not all. [...] So tonight, I'm proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. (Applause.) I'm also proposing a new small business tax credit -– one that will go to over one million small businesses who hire new workers or raise wages. (Applause.) While we're at it, let's also eliminate all capital gains taxes on small business investment, and provide a tax incentive for all large businesses and all small businesses to invest in new plants and equipment. (Applause.)
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-06-03): The divide between Wall Street and Main Street has grown sharply in recent weeks, amid the coronavirus pandemic and widespread civil unrest. To many, the market’s rise appeared as both cause and symptom of the widening gap between the country's haves and have-nots. [...] Small businesses are struggling with stay-at-home-mandated closures combined with protests and, in some cases, property damage from riots and looting. Romal expressed frustration that Wall Street isn’t doing more to help Main Streets across the country. That task, she said, seems to have been left to ordinary Americans, many of whom are facing financial insecurity themselves.
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2020-03-30): Coronavirus: Trump signs into law largest bailout in US history
Claim: "Trump bailed out Wall Street, but not Main Street." (Lincoln Project, 2020-05-05)
Evidence (2018-11-06): DAVID WESSEL, The Wall Street Journal: Most Americans think, and with good reason, that Wall Street got bailed out and Main Street didn't. We have very high unemployment. We lost 8.5 million jobs in the recession. People's houses aren't worth what they paid for them. A lot of them don't have jobs. Their kids are graduating from college and are moving back in. [...] And there are whole subdivisions like this, by the way, that are just lost in this great morass. And so it affects Main Street because Wall Street was too greedy. The greed of Wall Street broke Main Street. [...] NEWSCASTER: There's news today of a federal bail-out for a Wall Street investment firm—