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Latest Fact-Checks In Economy

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John McCain
John McCain
stated on October 7, 2008 in 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, Robert Farley • October 13, 2008
John McCain
John McCain
stated on October 7, 2008 in Nashville, Tenn.:
"The Democrats in the Senate and some members of Congress defended what Fannie and Freddie were doing. They resisted any change."
Half-True
By Angie Drobnic Holan, Robert Farley • October 13, 2008
Barack Obama
Barack Obama
stated on October 7, 2008 in Nashville, Tenn.:
On the economic crisis, "the biggest problem in this whole process was the deregulation of the financial system."
Half-True
By Angie Drobnic Holan, Robert Farley • October 13, 2008
Barack Obama
Barack Obama
stated on October 7, 2008 in a debate in Nashville, Tenn.:
"I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke [in March 2007], and told them this is something we have to deal with, and nobody did anything about it."
Half-True
By Angie Drobnic Holan, Robert Farley • October 13, 2008
John McCain
John McCain
stated on September 30, 2008 in an advertisement:
"John McCain fought to rein in Fannie and Freddie...but Democrats blocked the reforms."
Half-True
By Alexander Lane • September 30, 2008
Barack Obama
Barack Obama
stated on September 17, 2008 in Elko, Nev.:
McCain economic adviser Phil Gramm is "the architect of some of the deregulation in Washington that helped cause the mess on Wall Street."
Half-True
By Angie Drobnic Holan • September 17, 2008
Barack Obama
Barack Obama
stated on August 28, 2008 in Denver:
"The average American family" saw income rise $7,500 under Bill Clinton and decline $2,000 under George Bush.
Half-True
By Angie Drobnic Holan • September 8, 2008
Hillary Clinton
Hillary Clinton
stated on January 31, 2008 in Los Angeles, Calif.:
"I want to freeze interest rates for five years."
Half-True
By Angie Drobnic Holan • February 26, 2008
Hillary Clinton
Hillary Clinton
stated on November 19, 2007 in Knoxville, Iowa:
"Thanks to President Bush's policies....The income gap is now higher than at any time since the Great Depression."
Half-True
By Wes Allison • December 15, 2007
John McCain
John McCain
stated on October 9, 2007 in Dearborn, Mich.:
"A lot of people don't know that 50,000 Americans now make their living off eBay."
Half-True
By Janet Zink • October 9, 2007
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