Appearing on Fox News, former GOP Vice Presidential nominee Sarah Palin downplayed the billions of dollars of subsidies the oil industry gets from taxpayers. Asked about the subsidies by Fox Host Bret Baier, Palin responded that we shouldn’t worry too much about them because they only cost four billion dollars. Palin falsely claimed that the subsidies would just go to independent oil companies.
And in a radio interview with News Radio 1000 KTOK last week, Rep. James Lankford (R-OK) echoed a similar talking point, saying that the four billion dollars in subsidies are not even a drop in the bucket.
(Source: Fox News and ThinkProgress.org)