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Latest Fact-Checks In Economy

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Newt Gingrich
Newt Gingrich
stated on May 11, 2011 a presidential campaign announcement video:
"For four years, we balanced the budget and paid off $405 billion in debt."
False
By Eric Stirgus, Louis Jacobson • May 12, 2011
Barack Obama
Barack Obama
stated on May 10, 2011 a speech in Austin, Texas:
Under President Barack Obama, the United States has "doubled our exports."
False
By Louis Jacobson • May 11, 2011
John Boehner
John Boehner
stated on May 10, 2011 an interview on NBC's "Today" show:
The Bush tax cuts "created about 8 million jobs over the first 10 years that they were in existence. We've lost about 5 million of those jobs during this recession."
False
By Louis Jacobson • May 11, 2011
Ron Paul
Ron Paul
stated on May 5, 2011 a presidential debate:
"Prices are going up. Unemployment is continuing to go up."
Half-True
By Ciara O'Rourke • May 6, 2011
Arianna Huffington
Arianna Huffington
stated on May 1, 2011 a roundtable segment on ABC's "This Week with Christiane Amanpour":
Says although the unemployment rate seems to be improving, it does not reflect real job creation -- it’s caused by a "shrinking of the actual labor force."
Mostly True
By Louis Jacobson • May 4, 2011
Rob Portman
Rob Portman
stated on April 26, 2011 an online column:
Drilling for oil on the Outer Continental Shelf and in parts of Alaska will  "immediately reduce our dangerous dependence on foreign oil."
False
By Stephen Koff • May 4, 2011
Joe Biden
Joe Biden
stated on April 19, 2011 a speech in Cleveland:
"We have created more jobs in this last year than the Bush administration (did) in eight years."
Mostly True
By Mark Naymik • April 28, 2011
Mark Warner
Mark Warner
stated on April 17, 2011 a TV appearance.:
"Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]."
True
By Jacob Geiger • April 22, 2011
Joe Walsh
Joe Walsh
stated on April 17, 2011 an interview on "This Week with Christiane Amanpour":
"Every time we've cut taxes, revenues have gone up, the economy has grown."
False
By Angie Drobnic Holan • April 19, 2011
Reince Priebus
Reince Priebus
stated on April 14, 2011 a fundraising e-mail:
"Americans will pay more in taxes in 2011 than they will spend on groceries, clothing and shelter combined."
Half-True
By Louis Jacobson • April 18, 2011
Barack Obama
Barack Obama
stated on April 13, 2011 a speech at George Washington University:
"In the last decade, the average income of the bottom 90 percent of all working Americans actually declined. The top 1 percent saw their income rise by an average of more than a quarter of a million dollars each."
Half-True
By Robert Farley • April 14, 2011
Rick Scott
Rick Scott
stated on April 11, 2011 a press release.:
On the way the federal government should spend Florida's rejected high-speed rail money.
Full Flop
By Aaron Sharockman • April 11, 2011
Bob McDonnell
Bob McDonnell
stated on March 26, 2011 a speech.:
"When I took office last year we faced historic budget deficits of $6 billion here in Virginia.  And we closed those deficits by cutting spending."
Mostly False
By Warren Fiske • April 9, 2011
Tim Kaine
Tim Kaine
stated on April 5, 2011 a YouTube video:
Virginia was named "best managed state, best state for business and best state to raise a child" while I was governor. 
True
By Jacob Geiger • April 7, 2011
Steve Moore
Steve Moore
stated on April 1, 2011 a column in the "Wall Street Journal":
The ratio of people working for the government and working in manufacturing today is "an almost exact reversal of the situation in 1960."
Half-True
By Louis Jacobson • April 6, 2011
Reince Priebus
Reince Priebus
stated on April 5, 2011 an interview on NBC's "Today" show:
"We’ve lost 26 million jobs … since (Obama’s) been president."
Pants on Fire!
By Louis Jacobson • April 6, 2011
George Will
George Will
stated on April 3, 2011 a roundtable segment on ABC's "This Week with Christiane Amanpour":
"We lost more jobs in this great recession than the last four recessions combined."
True
By Louis Jacobson • April 4, 2011
Eric Cantor
Eric Cantor
stated on March 17, 2011 a TV interview.:
Discretionary spending has "increased over 20-some percent in two years if you don’t include the stimulus. If you put in the stimulus, it’s over 80 percent."
Half-True
By Warren Fiske • April 1, 2011
Babur Lateef
Babur Lateef
stated on March 26, 2011 a YouTube video.:
Since Corey Stewart became chairman in November 2006, unemployment is up 150% and average home price sales are down $150,000.
Half-True
By Jacob Geiger • March 30, 2011
Jon Brien
Jon Brien
stated on March 22, 2011 a news release:
Woonsocket needs a garbage-burning power plant because "residents are paying through the nose for electricity that’s fueled by foreign oil, at prices that are skyrocketing."
Pants on Fire!
By Peter Lord • March 27, 2011
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