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Latest Fact-Checks In Economy

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Grover Norquist
Grover Norquist
stated on July 13, 2011 an interview on CNN
"Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged."
False
By Angie Drobnic Holan • July 19, 2011
Marco Rubio
Marco Rubio
stated on July 17, 2011 interview on CBS's "Face the Nation"
"We have not had unemployment this high for this long since the Great Depression."
Mostly True
By Katie Sanders • July 19, 2011
Marc Morial
Marc Morial
stated on July 17, 2011 an interview on NBC's "Meet the Press"
"The black unemployment rate (has) increased since the recovery has begun."
True
By Louis Jacobson • July 18, 2011
Bob McDonnell
Bob McDonnell
stated on July 13, 2011 a TV interview.
Ninety percent of the job growth in Virginia has been in the private sector.
True
By Sean Gorman • July 18, 2011
Gary Johnson
Gary Johnson
stated on July 14, 2011 an interview with the 'New Hampshire Business Review"
"New Mexico is the second Hollywood" because of tax incentives for the film industry.
Half-True
By John Gregg • July 15, 2011
Crossroads GPS
Crossroads GPS
stated on July 14, 2011 a television ad
"Our country's got this huge debt, and (President Barack) Obama says raise taxes and keep spending more."
Half-True
By Louis Jacobson • July 14, 2011
Republican National Committee
Republican National Committee
stated on July 7, 2011 a television commercial
Since President Obama took office, "2 million jobs. Gone."
Mostly True
By Mark Naymik • July 13, 2011
Barack Obama
Barack Obama
stated on July 11, 2011 a press conference
"As we've seen that federal support for states diminish, you've seen the biggest job losses in the public sector -- teachers, police officers, firefighters losing their jobs."
Mostly True
By Angie Drobnic Holan • July 12, 2011
Sarah Palin
Sarah Palin
stated on July 10, 2011 an interview with "Newsweek"
Slim Jims "just recently" cost 99 cents but now cost $2.69.
False
By Louis Jacobson • July 11, 2011
Paul Krugman
Paul Krugman
stated on July 11, 2011 a "New York Times" column
"There are actually half a million fewer government employees now than there were when (President Barack) Obama took office."
True
By Louis Jacobson • July 11, 2011
George Allen
George Allen
stated on July 2, 2011 a TV interview.
"China owns more of our bonds than do Americans."
False
By Sean Gorman • July 8, 2011
Barack Obama
Barack Obama
stated on July 6, 2011 a Twitter town hall
"Young veterans have a higher unemployment rate than people who didn’t serve."
True
By Louis Jacobson • July 7, 2011
Barack Obama
Barack Obama
stated on July 6, 2011 a Twitter town hall
"We have provided at least 16 tax cuts to small businesses."
Mostly True
By Louis Jacobson • July 7, 2011
Lisa Hamler-Fugitt
Lisa Hamler-Fugitt
stated on June 1, 2011 testimony before a House subcommittee
"Ohio currently ranks 50th out of all states in income growth."
Mostly True
By Tom Feran • July 7, 2011
Shaun Donovan
Shaun Donovan
stated on July 3, 2011 an interview on CNN's "State of the Union with Candy Crowley"
Housing prices dropped for the 30 months prior to Barack Obama taking office, "and they have stabilized, they've been about flat since the president came in."
Half-True
By Louis Jacobson • July 6, 2011
Steve Case
Steve Case
stated on July 3, 2011 an interview on CNN
"Forty percent of the Fortune 500 were started either by immigrants or children of immigrants."
Half-True
July 6, 2011
Bob McDonnell
Bob McDonnell
stated on June 25, 2011 an op-ed.
"Under Gov. Rick Perry’s leadership [Texas] has created more jobs over the last decade than the rest of the states combined."
Mostly False
By Jacob Geiger • July 6, 2011
Rob Portman
Rob Portman
stated on June 16, 2011 an interview on the Fox Business Channel
A year since the "Recovery Summer," there has been been "a fall, winter and spring of no recovery."
Mostly False
By Stephen Koff • July 5, 2011
Richard Swett
Richard Swett
stated on June 21, 2011 a conference call with reporters.
Says that in 2009, Jon Huntsman "said that the Recovery Act wasn't large enough and as governor he asked for $14.4 billion in federal stimulus funds. Now he's saying that he never supported it."
Half-True
By Jake Berry • July 3, 2011
Michele Bachmann
Michele Bachmann
stated on June 27, 2011 several speeches and interviews
Says President Barack Obama said that if he doesn’t turn the economy around after three years in office, he’ll be a one-term president.
Mostly True
By Louis Jacobson • June 29, 2011
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