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Latest Fact-Checks In Economy

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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
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 • 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
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
Barack Obama
Barack Obama
stated on February 24, 2008 Lorain, Ohio
Clinton said "great things about NAFTA until she started running for president."
True
By Angie Drobnic Holan • February 25, 2008
Mitt Romney
Mitt Romney
stated on February 1, 2008 Denver
John McCain has said the economy is "not his strong suit."
True
By Angie Drobnic Holan • February 4, 2008
Mitt Romney
Mitt Romney
stated on January 24, 2008 Boca Raton, Fla.
"Two-thirds of our economy is a consumer economy."
True
By Angie Drobnic Holan • January 30, 2008
Bill Clinton
Bill Clinton
stated on January 25, 2008
"The 1990s were a time of prosperity. We created more than 22-million new jobs, moved 8-million people out of poverty, and turned our economy around."
True
January 25, 2008
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