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Latest Fact-Checks In Economy

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Mark Sanford
Mark Sanford
stated on April 30, 2009 a commentary piece:
"Our government has now 'spent, lent, or committed' $12.8 trillion in its attempt to blunt the recession."
True
By Robert Farley • May 15, 2009
George Will
George Will
stated on March 24, 2009 a column published by the Washington Post and other news organizations.:
"Congress shoveled $700 billion into the Troubled Assets Relief Program, $325 billion of which has been spent without purchasing any toxic assets."
True
By Bill Adair • April 9, 2009
Barack Obama
Barack Obama
stated on March 22, 2009 a television interview:
"Warren (Buffett) still does support me."
True
By Alexander Lane • March 23, 2009
Mike Pence
Mike Pence
stated on March 17, 2009 a TV interview:
"Tens of billions of dollars (from taxpayer-funded bailouts) ... flowed straight through AIG into the coffers of foreign corporations and foreign banks."
True
By Robert Farley • March 20, 2009
Elijah Cummings
Elijah Cummings
stated on March 16, 2009 in a TV interview:
AIG "said they were giving $57 million (in retention payments) to people who were being terminated."
True
By Robert Farley • March 18, 2009
Christina Romer
Christina Romer
stated on March 15, 2009 an interview on Meet the Press.:
"Last week the Blue Chip Economic Indicators came out that surveys lots of private forecasters. Almost all of them are predicting a turnaround in the third quarter and positive growth in the fourth quarter."
True
By Alexander Lane • March 17, 2009
Mike Pence
Mike Pence
stated on February 3, 2009 a speech:
The stimulus bill contains "$20 million for the removal of small to medium-sized fish passage barriers" and "$25 million to rehabilitate off-roading trails for ATVs."
True
By Angie Drobnic Holan • February 4, 2009
Mitch McConnell
Mitch McConnell
stated on February 1, 2009 appearance on CBS's "Face the Nation":
To give the proposed economic stimulus plan some perspective, "if you started the day Jesus Christ was born and spent $1 million every day since then, you still wouldn’t have spent $1 trillion."
True
By Robert Farley • February 3, 2009
Joe Barton
Joe Barton
stated on January 22, 2009 a statement at a committee meeting.:
Democrats have said that "even one hearing (on the stimulus bill) would be one too many, and that we have a single day to approve these five complex propositions that will affect the lives of millions."
True
By Robert Farley • January 26, 2009
Competitive Enterprise Institute
Competitive Enterprise Institute
stated on January 14, 2009 a news release:
"Geithner still didn't correct the same type of error for some years, even after the Internal Revenue Service flagged him for the failure to pay the taxes in other years."
True
By Robert Farley • January 16, 2009
Barack Obama
Barack Obama
stated on October 7, 2008 a debate in Nashville, Tenn.:
"Two years ago...I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke, and told them [subprime lending] is something we have to deal with."
True
By Alexander Lane • October 8, 2008
Barack Obama
Barack Obama
stated on September 16, 2008 Golden, Colo.:
John McCain said last year he didn't know of a solution to the mortgage crisis.
True
By Angie Drobnic Holan • September 16, 2008
Barack Obama
Barack Obama
stated on August 1, 2008 a town hall in St. Petersburg, Fla.:
"I have repeatedly said that many of the predatory loans that were made in the mortgage system did target African-American and Latino communities."
True
By Angie Drobnic Holan • August 1, 2008
Hillary Clinton
Hillary Clinton
stated on March 24, 2008 a speech at the University of Pennsylvania.:
"A year ago, in March 2007, I called for immediate action to address abuses in the subprime market, and I laid out detailed concrete proposals for how to do so."
True
By Bill Adair • May 1, 2008
Hillary Clinton
Hillary Clinton
stated on April 29, 2008 in a television ad:
Hillary Clinton advocates "a freeze on foreclosures. Barack Obama said no."
True
By Angie Drobnic Holan • May 1, 2008
Barack Obama
Barack Obama
stated on April 16, 2008 Democratic debate in Philadephia:
The United States is "seeing greater income inequality now than any time since the 1920s."
True
By Angie Drobnic Holan, Wes Allison • April 16, 2008
Barack Obama
Barack Obama
stated on February 24, 2008 Lorain, Ohio:
Clinton said "great things about NAFTA until she started running for president."
True
By Angie Drobnic Holan • February 25, 2008
Mitt Romney
Mitt Romney
stated on February 1, 2008 Denver:
John McCain has said the economy is "not his strong suit."
True
By Angie Drobnic Holan • February 4, 2008
Mitt Romney
Mitt Romney
stated on January 24, 2008 Boca Raton, Fla.:
"Two-thirds of our economy is a consumer economy."
True
By Angie Drobnic Holan • January 30, 2008
Bill Clinton
Bill Clinton
stated on January 25, 2008:
"The 1990s were a time of prosperity. We created more than 22-million new jobs, moved 8-million people out of poverty, and turned our economy around."
True
By Robert Farley • January 25, 2008
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