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Latest Fact-Checks In Economy

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Barack Obama
Barack Obama
stated on February 17, 2010 an address at the Eisenhower Executive Office Building
"So far, the Recovery Act is responsible for the jobs of about 2 million Americans who would otherwise be unemployed. ... [And] the Recovery Act is on track to save or create another 1.5 million jobs in 2010."
Half-True
By Louis Jacobson • February 18, 2010
Debra Medina
Debra Medina
stated on January 29, 2010 a Republican gubernatorial debate
"The governor’s not taking his own fiscal advice. ... In the first fiscal quarter of this year, we’ve seen a 13.5 percent increase in spending, double-digit spending out of the executive branch in the State of Texas."
Half-True
By Meghan Ashford-Grooms • February 8, 2010
Democratic National Committee
Democratic National Committee
stated on January 20, 2010 a press release
"Under (Rick Perry’s) watch as governor, over six million Texans have no health care coverage, including one million children, homeowners suffer from the highest insurance rates in the country, and college tuition has skyrocketed 136 percent."
Half-True
By W. Gardner Selby • January 29, 2010
Barack Obama
Barack Obama
stated on January 27, 2010 his State of the Union address
"Because of the steps we took, there are about 2 million Americans working right now who would otherwise be unemployed."
Half-True
January 28, 2010
Rick Perry
Rick Perry
stated on January 14, 2010 a Republican gubernatorial debate
"We lowered the business tax from 4 percent down to 1 percent."
Half-True
By Meghan Ashford-Grooms • January 22, 2010
Kay Bailey Hutchison
Kay Bailey Hutchison
stated on January 14, 2010 the Jan. 14 GOP gubernatorial debate
Says Gov. Rick Perry was for Wall Street bailout before he was against it.
Half-True
By W. Gardner Selby • January 16, 2010
Farouk Shami
Farouk Shami
stated on November 23, 2009 a TV ad
Says he "brought 1,200 jobs to Texas by moving his factories here from China."
Half-True
January 12, 2010
Barack Obama
Barack Obama
stated on December 9, 2009 a speech
"We've created or saved up to 1.6 million jobs, according to the CBO -- the Congressional Budget Office -- through the Recovery Act."
Half-True
December 14, 2009
Mike Pence
Mike Pence
stated on December 8, 2009 a speech on the House floor
"To use money from the TARP fund in the manner that is being discussed by the White House and congressional Democrats would be a violation of the law."
Half-True
December 8, 2009
Chain email
Chain email
stated on November 19, 2009 a widely circulated e-mail
Obama "closed offshore tax safe havens."
Half-True
November 20, 2009
Rush Limbaugh
Rush Limbaugh
stated on November 1, 2009 Fox News Sunday
"That 3.5 percent (increase in the third quarter GDP) came from two things — government spending on Cash for Clunkers — they just moved fourth-quarter auto sales into the third quarter — and the first-time home buyer thing."
Half-True
November 3, 2009
The Freedom Project
The Freedom Project
stated on October 19, 2009 a press release
"Democrats rang up a $1.42 trillion budget deficit in 2009 — the single largest in American history."
Half-True
By Catharine Richert • October 22, 2009
Michelle Malkin
Michelle Malkin
stated on August 2, 2009 on This Week with George Stephanopoulos
A former Clinton administration official and other economists agree that "if you keep extending these temporary unemployment benefits, you're just going to extend joblessness even more."
Half-True
By Louis Jacobson • August 4, 2009
Barack Obama
Barack Obama
stated on July 11, 2009 his weekly radio address
The stimulus "has delivered $43 billion in tax relief to American working families and businesses"
Half-True
By Catharine Richert • July 22, 2009
Robert Bennett
Robert Bennett
stated on July 15, 2009 a news release.
The Obama administration has spent millions of taxpayer dollars for roadside signs to tout the economic stimulus.
Half-True
By Louis Jacobson • July 17, 2009
National Republican Senatorial Committee
National Republican Senatorial Committee
stated on March 18, 2009 a fundraising e-mail.
"Senator Chris Dodd, chairman of the Senate Banking Committee, placed an amendment in the ‘stimulus’ bill that allowed for banks bailed out with taxpayer money — including AIG — to hand out huge bonuses."
Half-True
By Alexander Lane • March 20, 2009
Joe Biden
Joe Biden
stated on March 5, 2009 a speech in Miami Beach, Fla.
"The average CEO makes $10,000 more every day ... than what the average worker makes every year."
Half-True
March 6, 2009
Barack Obama
Barack Obama
stated on February 3, 2009 interview with CBS News
On attacks by Republicans that various programs in the economic stimulus plan are not stimulative, "If you add all that stuff up, it accounts for less than 1 percent of the overall package."
Half-True
February 9, 2009
Barack Obama
Barack Obama
stated on January 24, 2009 in a weekly YouTube and radio address
"Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four."
Half-True
By Angie Drobnic Holan • January 26, 2009
John McCain
John McCain
stated on October 7, 2008 Nashville, Tenn.
On the economic troubles of 2008, "really the match that lit this fire was Fannie Mae and Freddie Mac."
Half-True
By Angie Drobnic Holan • October 13, 2008
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