Kay Hagan, the Democratic candidate for the U.S. Senate, has a TV ad saying she wants to "level the playing field" for North Carolina families.
What it says: "We need to level the playing field for families around here. Washington stopped working because the special interests just have too much power - oil companies getting tax breaks while we get record gas prices, local jobs shipped overseas and the big corporations and CEOs keep getting rewarded while North Carolina gets left behind. I'm Kay Hagan, and no one can promise they'll change things overnight, but I approve this message with a pledge to begin leveling the playing field - because it's time we got started."
The background: On June 10, Republicans blocked an attempt in the U.S. Senate to end debate on a bill that would have rolled back $17 billion in tax breaks for oil companies. The bill, pushed by Democrats, failed.The average national price of unleaded gasoline reached a record high of $4.11 a gallon on July 17, according to AAA. The picture becomes more complex when inflation, disposable income levels and other factors are taken into account.
The loss of large parts of North Carolina's manufacturing sector - particularly furniture and textiles - to overseas plants is well-documented. Recent years have also seen unusually large corporate profits and executive compensation packages.
It's an individual judgement as to whether special interests have "too much power."
Is it accurate? Yes.
- David Ingram
