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Latest Fact-Checks In Economy

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Viral image
Viral image
stated on July 30, 2022 a Facebook post:
The Atlantic published a story titled “Quiet Courage of Biden’s Negative Growth Economy”
False
By Andy Nguyen • August 1, 2022
Janet Yellen
Janet Yellen
stated on July 24, 2022 an interview on NBC's "Meet the Press":
"We've cut the deficit by a record $1.5 trillion this year."
Half-True
By Louis Jacobson • July 28, 2022
Instagram posts
Instagram posts
stated on July 25, 2022 social media posts:
‘The White House is now trying to protect Joe Biden by changing the definition of the word recession.'
False
By Louis Jacobson • July 27, 2022
Tim Michels
Tim Michels
stated on June 23, 2022 Twitter:
“My company was building the Keystone Pipeline when (President Joe) Biden canceled it.”
Mostly True
By Kelly Smits • July 21, 2022
Ron Johnson
Ron Johnson
stated on June 28, 2022 Twitter:
"Thanks to failed Dem policies, beer is 9.1% more expensive."
Half-True
By Laura Schulte • July 18, 2022
Instagram posts
Instagram posts
stated on July 14, 2022 an Instagram post:
Video shows Biden giving the "same exact speech" months apart.
False
By Yacob Reyes • July 15, 2022
Facebook posts
Facebook posts
stated on July 7, 2022 a Facebook post:
“Adults over 51 can receive $$$ in additional spending for groceries and expenses.”
False
By Andy Nguyen • July 14, 2022
Liberal Groups
Liberal Groups
stated on June 2, 2022 Public statement:
"Milwaukee’s hotels and restaurants are already filled during the summer. The RNC convention will simply replace those who normally visit our city."
Mostly False
By Vanessa Swales • July 12, 2022
Cavalier Johnson
Cavalier Johnson
stated on May 27, 2022 News conference:
The RNC is “a $200 million economic infusion into our communities.”
Half-True
By Vanessa Swales • July 8, 2022
Nikki Haley
Nikki Haley
stated on July 4, 2022 a tweet:
The cost of a Fourth of July cookout in 2022 increased by 67.2% because of inflation.
False
By Louis Jacobson • July 5, 2022
Abigail Spanberger
Abigail Spanberger
stated on June 16, 2022 an op-ed.:
“The four big meat packers are raking in record profits … ”
True
By Warren Fiske • June 30, 2022
Lawrence Summers
Lawrence Summers
stated on June 17, 2022 an interview with Barron's:
“When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”
Mostly False
By Louis Jacobson • June 23, 2022
Joe Biden
Joe Biden
stated on June 16, 2022 an interview with the Associated Press:
“In every other major industrial country in the world … inflation is higher.”
Half-True
By Louis Jacobson • June 22, 2022
Viral image
Viral image
stated on June 17, 2022 a post on Facebook:
An image shows gas prices on Jan. 6, 2021.
False
By Grace Abels • June 21, 2022
Ted Cruz
Ted Cruz
stated on June 4, 2022 a tweet:
"The impact of President Biden being beholden to the Green New Deal radicals in his party has electricity costs through the roof in Texas."
False
By Nusaiba Mizan • June 21, 2022
Karine Jean-Pierre
Karine Jean-Pierre
stated on June 13, 2022 a press briefing:
When Joe Biden “walked into this administration … 20 million people were on unemployment insurance benefits.”
False
By Louis Jacobson • June 14, 2022
Glenn Grothman
Glenn Grothman
stated on May 21, 2022 Newsletter:
"Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people.
Half-True
By Laura Schulte • June 10, 2022
Zach Wahls
Zach Wahls
stated on May 31, 2022 an end-of-year Senate Democrats newsletter:
“There are fewer Iowans working today than when Gov. Reynolds took office.”
Mostly True
By Lyle Muller • June 9, 2022
Facebook posts
Facebook posts
stated on May 11, 2022 a Facebook post:
The U.S. government’s inaction over buffalo killing that harmed Native American populations in the 1800s shows it is now “is creating food shortages” so that Americans are more “dependent on the government.”
False
By Madison Czopek • May 19, 2022
Nancy Pelosi
Nancy Pelosi
stated on May 15, 2022 an interview on ABC's "This Week":
“When unemployment goes down, inflation goes up.”
Mostly False
By Louis Jacobson • May 17, 2022
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