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Latest Fact-Checks In Economy

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Donna Brazile
Donna Brazile
stated on August 21, 2011 a comment on 'This Week with Christiane Amanpour':
"Over the last four years, 53 percent of black wealth has just disappeared."
Mostly True
By Angie Drobnic Holan • August 24, 2011
Mike Villarreal
Mike Villarreal
stated on August 6, 2011 a Texas Capitol rally.:
Says that before Rick Perry became governor, "only 4 percent of our total labor force was a minimum wage job ... Today, that number has more than doubled (to) 9.5 percent."
Half-True
By W. Gardner Selby • August 24, 2011
James Bennett
James Bennett
stated on August 15, 2011 a news conference:
Providence's port is "200 miles closer to Europe than any other Eastern port."
False
By C. Eugene Emery Jr. • August 21, 2011
Mitt Romney
Mitt Romney
stated on August 8, 2011 a speech to a Manchester, N.H. Rotary club:
Says he worked with the Democratic legislature to balance spending with revenues so that "at the end of my four-year term, the rainy day fund was established at more than $2 billion."
Mostly True
By Josh Rogers • August 16, 2011
Mitt Romney
Mitt Romney
stated on August 11, 2011 the Republican debate in Ames, Iowa:
Says that under President John F. Kennedy, "government took up" 27 percent of the economy, and today it "consumes 37 percent."
Mostly True
By Louis Jacobson • August 12, 2011
Reince Priebus
Reince Priebus
stated on August 3, 2011 comments made to reporters while in Tampa:
The Republican National Convention "is a Super Bowl times four."
False
By Aaron Sharockman • August 12, 2011
Mitt Romney
Mitt Romney
stated on August 11, 2011 the Republican debate in Ames, Iowa:
"We're inches away from no longer having a free economy."
Pants on Fire!
By Louis Jacobson • August 12, 2011
Ron Paul
Ron Paul
stated on July 18, 2011 a television campaign ad:
"In the '80s, Democrats promised spending cuts, but delivered only tax hikes."
False
By Maryalice Gill • August 10, 2011
Raul Labrador
Raul Labrador
stated on July 31, 2011 an interview on NBC's "Meet the Press":
Tax increases under Michigan Gov. Jennifer Granholm led to state unemployment going from 6.8 percent to 15.3 percent.
Mostly False
By Louis Jacobson • August 4, 2011
Jennifer Granholm
Jennifer Granholm
stated on July 31, 2011 an interview on NBC's "Meet the Press":
"I cut more as a percentage out of government than any state in the country this past decade. And where is Michigan in terms of its economic growth? Cutting did not result in economic growth."
Mostly True
By Louis Jacobson • August 4, 2011
Barry Hinckley
Barry Hinckley
stated on July 24, 2011 an appearance on Channel 6:
"There's no money in Social Security."
False
By C. Eugene Emery Jr. • August 4, 2011
Harry Reid
Harry Reid
stated on August 2, 2011 a Senate floor speech:
There was a "loss of eight million jobs during the Bush eight years."
Pants on Fire!
By Louis Jacobson • August 3, 2011
Jon Husted
Jon Husted
stated on July 18, 2011 a tweet on Twitter:
"#Business formation is still on the rise in Ohio! So far in 2011 we’ve assisted w/ 44,443 new business filings." 
Mostly True
By Mark Naymik • August 3, 2011
Marco Rubio
Marco Rubio
stated on July 29, 2011 an e-mail:
"If the debt ceiling is surpassed, our nation will not go into default as some suggest."
Half-True
By Amy Sherman, Louis Jacobson, Martha M. Hamilton • August 2, 2011
Dennis Kucinich
Dennis Kucinich
stated on July 15, 2011 a speech in the House of Representatives:
"Social Security didn’t cause the debt crisis. Social Security had nothing to do with the debt crisis."
Mostly True
By Tom Feran • August 2, 2011
John Kasich
John Kasich
stated on July 17, 2011 an appearance on "Meet the Press":
"Believe it or not, consumer spending is up over the last eight months."  
True
By Reginald Fields • August 1, 2011
Tom Price
Tom Price
stated on July 24, 2011 an interview on CNN's "State of the Union with Candy Crowley":
"The U.S. won't default, because default means that you don't pay your creditors. And it takes about 10 percent of the money that's coming in right now" to pay interest to bondholders.
False
By Louis Jacobson, Willoughby Mariano • July 26, 2011
Arianna Huffington
Arianna Huffington
stated on July 24, 2011 a roundtable segment on ABC's "This Week with Christiane Amanpour":
"Most countries have no debt ceiling."
Mostly True
By Louis Jacobson • July 25, 2011
Gina Raimondo
Gina Raimondo
stated on July 10, 2011 an appearance on 10 News Conference:
"The average 401(k) in America of a person who's 60 years old is under $100,000."
Mostly True
By C. Eugene Emery Jr. • July 24, 2011
Kay Bailey Hutchison
Kay Bailey Hutchison
stated on June 29, 2011 an interview with CNBC:
"The only growth sector that we’ve had in the last two years in America is government growth."
False
By Meghan Ashford-Grooms • July 22, 2011
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