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Latest Fact-Checks In Economy

Clear
John McCain
John McCain
stated on September 26, 2008 the first presidential debate in Oxford, Miss.:
House Republicans "weren't part of the negotiations" on the Wall Street bailout plan.
Mostly False
By Shawn Zeller • September 26, 2008
Barack Obama
Barack Obama
stated on September 24, 2008 a speech in Dunedin, Fla.:
 "I introduced a bill that would’ve helped stop the multimillion-dollar bonus packages that CEOs grab on their way out.. (McCain) opposed that idea."
Mostly False
By Adriel Bettelheim • September 25, 2008
John McCain
John McCain
stated on September 17, 2008:
On whether the government should bail out insurance giant AIG.
Half Flip
By Adriel Bettelheim • September 19, 2008
Barack Obama
Barack Obama
stated on September 16, 2008 Golden, Colo.:
"In January, I outlined a plan to help revive our faltering economy, which formed the basis for a bipartisan stimulus package that passed the Congress."
Mostly False
By Adriel Bettelheim • September 18, 2008
John McCain
John McCain
stated on September 16, 2008 an interview on CNN's "American Morning":
"I said two years ago that the Fannie and Freddie thing was a very serious problem and we had to work on it."
Mostly False
By Adriel Bettelheim • September 17, 2008
Barack Obama
Barack Obama
stated on September 17, 2008 Elko, Nev.:
McCain economic adviser Phil Gramm is "the architect of some of the deregulation in Washington that helped cause the mess on Wall Street."
Half-True
By Angie Drobnic Holan • September 17, 2008
Barack Obama
Barack Obama
stated on September 16, 2008 Golden, Colo.:
John McCain said last year he didn't know of a solution to the mortgage crisis.
True
By Angie Drobnic Holan • September 16, 2008
Barack Obama
Barack Obama
stated on August 28, 2008 Denver:
"The average American family" saw income rise $7,500 under Bill Clinton and decline $2,000 under George Bush.
Half-True
By Angie Drobnic Holan • September 8, 2008
John McCain
John McCain
stated on September 4, 2008 St. Paul, Minn.:
"My opponent promises to bring back old jobs by wishing away the global economy."
False
By Alexander Lane • September 4, 2008
Barack Obama
Barack Obama
stated on August 1, 2008 a town hall in St. Petersburg, Fla.:
"I have repeatedly said that many of the predatory loans that were made in the mortgage system did target African-American and Latino communities."
True
By Angie Drobnic Holan • August 1, 2008
Barack Obama
Barack Obama
stated on July 12, 2008 a conversation with reporters aboard plane:
"I have little doubt that we've moved into recession at this point."
Mostly False
By Alexander Lane • July 25, 2008
MoveOn.org
MoveOn.org
stated on April 5, 2008 an e-mail:
John McCain, "one of the richest people in a Senate filled with millionaires," says the solution to the housing crisis is for people to get a "second job" and "skip their vacations."
Mostly False
By Angie Drobnic Holan • May 22, 2008
Hillary Clinton
Hillary Clinton
stated on March 24, 2008 a speech at the University of Pennsylvania.:
"A year ago, in March 2007, I called for immediate action to address abuses in the subprime market, and I laid out detailed concrete proposals for how to do so."
True
By Bill Adair • May 1, 2008
Hillary Clinton
Hillary Clinton
stated on April 29, 2008 in a television ad:
Hillary Clinton advocates "a freeze on foreclosures. Barack Obama said no."
True
By Angie Drobnic Holan • May 1, 2008
John McCain
John McCain
stated on April 9, 2008 campaign event in Westport, Conn.:
After Reagan took office, "we didn't raise taxes and we didn't cut entitlements. What we did was we cut taxes."
Mostly False
By Shawn Zeller • April 18, 2008
Barack Obama
Barack Obama
stated on April 14, 2008 Associated Press Annual Meeting, Washington D.C.:
"He's promising four more years of an administration that will push for the privatization of Social Security..."
False
By Robert Farley • April 16, 2008
Barack Obama
Barack Obama
stated on April 16, 2008 Democratic debate in Philadephia:
The United States is "seeing greater income inequality now than any time since the 1920s."
True
By Angie Drobnic Holan, Wes Allison • April 16, 2008
Barack Obama
Barack Obama
stated on February 19, 2008 a campaign rally in Houston, Texas:
"When we've got CEOs making more in 10 minutes than ordinary workers are making in a year ... then something is wrong."
Mostly True
By Amy Hollyfield • February 28, 2008
Hillary Clinton
Hillary Clinton
stated on January 31, 2008 Los Angeles, Calif.:
"I want to freeze interest rates for five years."
Half-True
By Angie Drobnic Holan • February 26, 2008
Barack Obama
Barack Obama
stated on February 13, 2008 a flier sent to voters in Ohio:
"Hillary Clinton believed NAFTA was a 'boon' to our economy."
False
By Adriel Bettelheim, Bill Adair • February 25, 2008
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