Question

Question 1

Who told the truth about the 2008 spike in gas prices in that year's presidential election, according to Taibbi?

Neither candidate.

Both candidates.

Barack Obama, who attributed the spike to oil companies' greed and Americans' gas guzzling habits.

John McCain, who attributed the spike to "a combination of government, environmentalism, and foreigners."

Question 2

What does Taibbi report about Rick Santelli's televised rant on the trading floor in February 2009? Check all that apply.

It equated Wall Street traders with all Americans.

It took place on the New York Stock Exchange (NYSE)

It launched the Tea Party.

It was broadcast live on Bloomberg Television.

It was a reaction to the Obama administration's approval for the "Homeowner Affordability and Stability Plan."

Answer 1

1> Neither candidate.

Since Mark Tabbi attributed the cause to the speculators and neither of the candidates did that, both parties were wrong.

2> The correct options are

It took place on the New York Stock Exchange (NYSE)

It was broadcast live on Bloomberg Television.

It was a reaction to the Obama administration's approval for the "Homeowner Affordability and Stability Plan."

All of the statements are fact-based. Thus, if we examine the even, the above options are true.