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Latest Fact-Checks In Economy

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Lainey Melnick
Lainey Melnick
stated on April 23, 2010 an e-mail blast
Says U.S. Rep. Lamar Smith supported the $700 billion Wall Street bailout in 2008, "but now he is standing in the way of reforms that would assure these bailouts would never happen again."
Mostly False
By W. Gardner Selby • May 19, 2010
George Will
George Will
stated on May 9, 2010 a roundtable discussion on ABC's This Week
Sen. Robert Bennett, R-Utah, cast votes for TARP, the stimulus, and an individual mandate for health care.
Mostly False
By Louis Jacobson • May 12, 2010
George Will
George Will
stated on May 9, 2010 a roundtable segment on ABC's This Week
Greece "has a GDP the size of the Dallas-Fort Worth Metroplex."
True
By Louis Jacobson • May 12, 2010
Ed Whitacre
Ed Whitacre
stated on April 21, 2010 a TV ad
GM has "repaid our government loan, in full, with interest, five years ahead of the original schedule."
Half-True
April 27, 2010
Sherrod Brown
Sherrod Brown
stated on April 25, 2010 an interview on "This Week."
"Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."
True
By Angie Drobnic Holan • April 27, 2010
Sherrod Brown
Sherrod Brown
stated on April 25, 2010 an interview on ABC's This Week
The financial services bill will end "too-big-to-fail."
Mostly False
By Louis Jacobson • April 26, 2010
House Natural Resources Committee Republicans
House Natural Resources Committee Republicans
stated on April 5, 2010 a news release posted on his website.
"Obama did not open new lands to offshore drilling – all of these areas were already open for drilling once Congress and President Bush lifted the moratorium in 2008. Instead, President Obama yesterday announced what areas he would CLOSE to offshore drilling."
Mostly False
By Catharine Richert • April 23, 2010
Paul Ryan
Paul Ryan
stated on March 31, 2010 a speech to the Oklahoma Council of Public Affairs
In 2004, "20 percent of U.S. households were getting about 75 percent of their income from the federal government. ... Another 20 percent were receiving almost 40 percent."
Mostly False
By Catharine Richert • April 21, 2010
Mitch McConnell
Mitch McConnell
stated on April 14, 2010 a press conference
New financial regulation "actually guarantees future bailouts of Wall Street banks."
False
By Angie Drobnic Holan, Louis Jacobson • April 20, 2010
Bill Clinton
Bill Clinton
stated on April 18, 2010 an interview on ABC's This Week
Passage of Clinton budget bill in 1993 "led to an enormous flowering of the economy in America."
Half-True
By Louis Jacobson • April 19, 2010
Richard Shelby
Richard Shelby
stated on March 25, 2010 a letter to Treasury Secretary Timothy Geithner
"The bill reported out of committee sets up a $50 billion slush fund that, while intended for resolving failing firms, is available for virtually any purpose that the treasury secretary sees fit."
False
By Catharine Richert • April 16, 2010
Lindsey Graham
Lindsey Graham
stated on March 24, 2010 an appearance on the Fox News show "On the Record" with Greta Van Susteren
"The average student will be spending $1,700 to $1,800 more during the life of their loan because of this surcharge."
False
By Catharine Richert • March 30, 2010
Marco Rubio
Marco Rubio
stated on March 28, 2010 a U.S. Senate primary debate on FOX News Sunday
"Since that famous day in February where the governor campaigned with Barack Obama on behalf of the stimulus program, 211,000 Floridians have lost their jobs."
True
March 28, 2010
Barbara Cargill
Barbara Cargill
stated on March 11, 2010 a State Board of Education meeting
"The Federal Reserve system has presided over about a 95... percent decline in the U.S. dollar."
Mostly False
March 22, 2010
Annise Parker
Annise Parker
stated on March 10, 2010 a newspaper article
"For years now, we have spent more money than we have taken in."
Half-True
March 21, 2010
Citizens for Lower Taxes and a Stronger Economy
Citizens for Lower Taxes and a Stronger Economy
stated on March 10, 2010 an Internet ad.
Because of a local version of Amendment 4, "the taxpayers of St. Pete Beach have had to pay hundreds of thousands in legal bills."
True
By Aaron Sharockman • March 17, 2010
Charlie Crist
Charlie Crist
stated on February 17, 2010 a news release
Rubio admitted he "would have accepted the stimulus money."
Mostly True
By Lukas Pleva • March 16, 2010
Virginia Foxx
Virginia Foxx
stated on March 9, 2010 a speech on the House floor
"The economy began its nose dive when Democrats took control of Congress in January 2007."
Pants on Fire!
By Louis Jacobson • March 15, 2010
Charlie Justice
Charlie Justice
stated on December 18, 2009 a news release
"The Florida Legislature raised taxes and fees by almost $2 billion" in the 2009 session.
True
By Lee Logan • March 8, 2010
Nancy Pelosi
Nancy Pelosi
stated on February 25, 2010 a statement at the health care summit
The health care bill will "create 4 million jobs, 400,000 jobs almost immediately."
Half-True
By Catharine Richert • March 8, 2010
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