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Latest Fact-Checks In Economy

Clear
National Association of Manufacturers
National Association of Manufacturers
stated on December 2, 2010 a statement
Says the CBO estimates that fully extending the Bush tax cuts would add 600,000-1.4 million jobs in 2011 and 900,000-2.7 million jobs in 2012.
Half-True
By Louis Jacobson • December 3, 2010
Todd Staples
Todd Staples
stated on November 11, 2010 a Web post.
In "the fall of 2009, only 21 percent of Texas high school graduates enrolled in a four-year public university."
Half-True
By W. Gardner Selby • December 3, 2010
Glenn Beck
Glenn Beck
stated on November 22, 2010 his radio broadcast
"This town (Wilmington, Ohio) hasn’t taken any money from the government. They don’t want any money from the government."
Pants on Fire!
By Mark Naymik • December 3, 2010
Eric Cantor
Eric Cantor
stated on November 3, 2010 a TV interview.
Letting the Bush tax cuts expire would raise taxes on small businesses.
Mostly False
By Warren Fiske • November 26, 2010
Virginia Tea Party Patriots
Virginia Tea Party Patriots
stated on November 15, 2010 a letter to Congress.
Since the Fed was created in 1913, "the U.S. Dollar has lost 98% of its purchasing power." 
Half-True
By Wes Hester • November 24, 2010
Bobby Scott
Bobby Scott
stated on November 16, 2010 in a news release.
The health care reform law "reduces the deficit by nearly $1.2 trillion over the next two decades." 
Half-True
By Wes Hester • November 23, 2010
Sherrod Brown
Sherrod Brown
stated on November 11, 2010 a news release
More than 10 years of free trade "has brought a $2 billion per day trade deficit."
Mostly True
By Stephen Koff • November 22, 2010
Sheldon Whitehouse
Sheldon Whitehouse
stated on September 27, 2010 a speech on the Senate floor.
"The law, right now, permits companies that close down American factories and offices and move those jobs overseas to take a tax deduction for the costs associated with moving the jobs to China or India or wherever."
True
By C. Eugene Emery Jr. • November 21, 2010
Pari Sabety
Pari Sabety
stated on November 4, 2010 a presentation at a conference
"The (Ohio) economy is on the mend. … It is in better shape than it was when we took office."
Half-True
By Aaron Marshall • November 19, 2010
Virginia Tea Party Patriots
Virginia Tea Party Patriots
stated on November 15, 2010 a letter to Congress.
The dollar "has fallen over 44% since Bernanke began pumping money into the system beginning back in 2002."  
Half-True
By Wes Hester • November 19, 2010
Atlanta Sports Council
Atlanta Sports Council
stated on October 1, 2000 a study
The economic impact of Atlanta's 2000 Super Bowl was $292 million.
False
By Willoughby Mariano • November 19, 2010
John Boehner
John Boehner
stated on November 10, 2010 a news conference
"It’s gotten to a point where the average federal worker makes twice as much as the average private sector worker."
False
By Sabrina Eaton • November 18, 2010
Rick Perry
Rick Perry
stated on November 4, 2010 on an episode of Fox & Friends
"Since the first of the year, 153 businesses at last count had moved out of California to Texas."
Half-True
November 18, 2010
Rick Perry
Rick Perry
stated on November 2, 2010 in "Fed Up! Our Fight to Save America from Washington"
"The (federal) debt is growing by more than $4 billion a day."
True
November 17, 2010
Marvin Pratt
Marvin Pratt
stated on November 2, 2010 a TV interview
Milwaukee’s problems include "52 percent black male unemployment."
False
November 17, 2010
Chain email
Chain email
stated on October 7, 2010 e-mail and blog postings
The cap-and-trade bill before Congress "prevents you from selling your home without the permission of the EPA administrator."
Pants on Fire!
By C. Eugene Emery Jr. • November 17, 2010
Kent Conrad
Kent Conrad
stated on November 14, 2010 an interview on ABC's "This Week with Christiane Amanpour"
Federal spending is "the highest it's been as a share of our economy in 60 years (and) revenue is the lowest it's been as a share of our economy in 60 years."
True
By Louis Jacobson • November 15, 2010
Rand Paul
Rand Paul
stated on November 14, 2010 an interview on CBS' "Face the Nation"
"We now consume at the federal level 25 percent of the gross domestic product. Historically we were at 20 percent. So we've taken 5 percent away from the private sector."
True
By Louis Jacobson • November 15, 2010
Lincoln Chafee
Lincoln Chafee
stated on November 3, 2010 a news conference
Experts say the property tax "is the most harmful to economic growth and . . . the sales tax is least harmful."
Mostly False
By C. Eugene Emery Jr. • November 14, 2010
Bob McDonnell
Bob McDonnell
stated on November 2, 2010 a TV interview
Has created 60,000 net new jobs since taking office.
Mostly True
By Warren Fiske • November 12, 2010
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