Hidden Fallacies

Here are some fallacies:

• Obama: Well, Oliver, first, let me tell you what's in the rescue package for you. Right now, the credit markets are frozen up and what that means, as a practical matter, is that small businesses and some large businesses just can't get loans.
  If they can't get a loan, that means that they can't make payroll. If they can't make payroll, then they may end up having to shut their doors and lay people off.
• Sen. McCain, as recently as March, bragged about the fact that he is a deregulator. On the other hand, two years ago, I said that we've got a sub-prime lending crisis that has to be dealt with.

Here are other fallacies which I was surprised to see:

• The question was: Sen. McCain, in all candor, do you think the economy is going to get worse before it gets better? part of the answer: My friend, I'd like you to see the letter that a group of senators and I wrote warning exactly of this crisis. Sen. Obama's name was not on that letter.
• Obama is also guilty. The question was: How can we trust either of you with our money when both parties got -- got us into this global economic crisis? And part of the answer: When George Bush came into office, our debt -- national debt was around $5 trillion. It's now over $10 trillion.