FACT CHECK: Stimulus Assessments Overly Optimistic

This week, the Associated Press fact checked recent Obama administration claims that certain stimulus spending is "transforming the American economy."

"[A]n examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden," the article says, "reveals ... a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas."

The article reveals over zealous statements related to related renewable energy, high-speed rail, and electric vehicles, just to name a few.