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Latest Fact-Checks In Economy

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Mark Sanford
Mark Sanford
stated on April 30, 2009 a commentary piece:
"Our government has now 'spent, lent, or committed' $12.8 trillion in its attempt to blunt the recession."
True
By Robert Farley • May 15, 2009
George Will
George Will
stated on March 24, 2009 a column published by the Washington Post and other news organizations.:
"Congress shoveled $700 billion into the Troubled Assets Relief Program, $325 billion of which has been spent without purchasing any toxic assets."
True
By Bill Adair • April 9, 2009
Michele Bachmann
Michele Bachmann
stated on March 25, 2009 a press release.:
"Secretary Geithner has left the option on the table" of abandoning the dollar for a multinational currency.
False
By Alexander Lane • April 1, 2009
Barack Obama
Barack Obama
stated on March 22, 2009 a television interview:
"Warren (Buffett) still does support me."
True
By Alexander Lane • March 23, 2009
Chris Dodd
Chris Dodd
stated on March 19, 2009 a CNN interview.:
On whether he wrote a provision that allowed AIG to dole out bonuses.
Full Flop
By Alexander Lane • March 23, 2009
Mike Pence
Mike Pence
stated on March 17, 2009 a TV interview:
"Tens of billions of dollars (from taxpayer-funded bailouts) ... flowed straight through AIG into the coffers of foreign corporations and foreign banks."
True
By Robert Farley • March 20, 2009
National Republican Senatorial Committee
National Republican Senatorial Committee
stated on March 18, 2009 a fundraising e-mail.:
"Senator Chris Dodd, chairman of the Senate Banking Committee, placed an amendment in the ‘stimulus’ bill that allowed for banks bailed out with taxpayer money — including AIG — to hand out huge bonuses."
Half-True
By Alexander Lane • March 20, 2009
Elijah Cummings
Elijah Cummings
stated on March 16, 2009 in a TV interview:
AIG "said they were giving $57 million (in retention payments) to people who were being terminated."
True
By Robert Farley • March 18, 2009
Ron Wyden
Ron Wyden
stated on March 17, 2009 an interview on The Rachel Maddow Show:
"We had bipartisan legislation that got through the Senate" that would have prevented bonuses like AIG's "and then somehow mysteriously disappeared."
Mostly True
By Alexander Lane • March 18, 2009
Christina Romer
Christina Romer
stated on March 15, 2009 an interview on Meet the Press.:
"Last week the Blue Chip Economic Indicators came out that surveys lots of private forecasters. Almost all of them are predicting a turnaround in the third quarter and positive growth in the fourth quarter."
True
By Alexander Lane • March 17, 2009
Joe Biden
Joe Biden
stated on March 5, 2009 a speech in Miami Beach, Fla.:
"The average CEO makes $10,000 more every day ... than what the average worker makes every year."
Half-True
By Robert Farley • March 6, 2009
Bobby Jindal
Bobby Jindal
stated on February 22, 2009 an interview on "Meet the Press.":
Louisiana is turning down $100 million "that would require us to change our unemployment law, that would have actually raised taxes on Louisiana businesses."
Mostly True
By Angie Drobnic Holan • February 24, 2009
Jim DeMint
Jim DeMint
stated on February 5, 2009 a speech on the Senate floor.:
There is a provision in the economic stimulus plan that means that "students cannot meet together in their dorms, if that dorm has been repaired with this federal money, and have a prayer group or a Bible study."
False
By Robert Farley • February 13, 2009
Michael Steele
Michael Steele
stated on January 31, 2009 a speech to House Republicans:
"You and I know that in the history of mankind and womankind, government — federal, state, local, or otherwise — has never created one job."
Pants on Fire!
By Angie Drobnic Holan • February 10, 2009
Pat Roberts
Pat Roberts
stated on February 5, 2009 remarks made in the Senate:
The Congressional Budget Office "estimates that only 15 percent of this stimulus package will be spent in 2009" and only 37 percent in 2010.
Mostly False
By Angie Drobnic Holan • February 9, 2009
Barack Obama
Barack Obama
stated on February 3, 2009 interview with CBS News:
On attacks by Republicans that various programs in the economic stimulus plan are not stimulative, "If you add all that stuff up, it accounts for less than 1 percent of the overall package."
Half-True
By Robert Farley • February 9, 2009
Fred Smith
Fred Smith
stated on February 5, 2009 appearance on ABC's This Week:
"The average bonus [on Wall Street] is about $100,000...The bonuses on Wall Street are down 44 percent."
Mostly True
By Alexander Lane • February 6, 2009
Mike Pence
Mike Pence
stated on February 3, 2009 a speech:
The stimulus bill contains "$20 million for the removal of small to medium-sized fish passage barriers" and "$25 million to rehabilitate off-roading trails for ATVs."
True
By Angie Drobnic Holan • February 4, 2009
Robert Gibbs
Robert Gibbs
stated on February 2, 2009 a comment at the daily White House press briefing.:
"There are no earmarks" in the stimulus bill.
False
By Bill Adair • February 4, 2009
Mitch McConnell
Mitch McConnell
stated on February 1, 2009 appearance on CBS's "Face the Nation":
To give the proposed economic stimulus plan some perspective, "if you started the day Jesus Christ was born and spent $1 million every day since then, you still wouldn’t have spent $1 trillion."
True
By Robert Farley • February 3, 2009
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