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Latest Fact-Checks In Economy

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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
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
Johnny Isakson
Johnny Isakson
stated on March 11, 2011 a Twitter post
"Since President Obama took office, gas prices have gone up 67 percent."
Half-True
By Eric Stirgus • March 23, 2011
Paul Ryan
Paul Ryan
stated on March 18, 2011 a private briefing to Members of Congress
"The Congressional Budget Office has this economic model where they measure the economy going forward, and they are now telling us that the entire economy crashes in the year 2037 because their computer simulation can't conceive of any way in which the U.S. economy can continue."
Half-True
By Louis Jacobson • March 21, 2011
Organizing for America
Organizing for America
stated on March 14, 2011 a Tweet.
The GOP budget plan "would cut nearly a million jobs."
Half-True
By Jacob Geiger • March 21, 2011
Steve LaTourette
Steve LaTourette
stated on March 4, 2011 a newspaper interview
"If you look at the jobs lost in the private sector as opposed to the job gains in the public sector, it's out of whack. The government's growing and the private economy's shrinking."
Half-True
By Tom Feran • March 21, 2011
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