PolitiFact | Economy

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Mostly True

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All Fact-checks for Economy

stated on December 13, 2022 in remarks at the White House

“For the last several months, wages have gone up more than prices have gone up.”

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mostly-true

stated on November 22, 2022 in Public statement

“A lot of the programs (that were) started during the pandemic are still going, even though the pandemic is long over.”

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barely-true

stated on July 14, 2022 in Blog post

“We finally achieved that energy independence… under the Trump administration. President Biden squandered (it) away.”

true

barely-true

stated on October 4, 2022 in a campaign ad

"When I was your governor, we reduced insurance rates by 10%."

true

mostly-true

stated on October 8, 2022 in an Instagram post

The Biden administration has “created” more than double the number of jobs per month, on average, than any other administration going back to George H.W. Bush.

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stated on February 26, 2022 in a video on Facebook

The Great Reset advocates replacing capitalism with an economic system that is “kind of socialism, kind of communism” but “mostly just fascism.”

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false

stated on September 14, 2022 in a tweet

“Iowans are paying $5,000 extra for everyday goods under Biden and Axne’s inflation.”

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half-true

stated on September 14, 2022 in a speech in Detroit

“Incomes are up.”

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barely-true

stated on August 7, 2022 in News release

"Last year the IRS audited Americans earning less than $25,000 a year at five times the rate of other groups."

true

mostly-true

stated on August 16, 2022 in remarks at the White House

The American Rescue Plan “helped create nearly 10 million new jobs.”

true

barely-true

Rebecca Kleefisch

stated on July 6, 2022 in TV ad

“Tim Michels pushed for years to raise (Wisconsin’s) gas tax.”

true

barely-true

stated on July 30, 2022 in a Facebook post

The Atlantic published a story titled “Quiet Courage of Biden’s Negative Growth Economy”

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false

stated on July 24, 2022 in an interview on NBC's "Meet the Press"

"We've cut the deficit by a record $1.5 trillion this year."

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Instagram posts

stated on July 25, 2022 in social media posts

‘The White House is now trying to protect Joe Biden by changing the definition of the word recession.'

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stated on June 23, 2022 in Twitter

“My company was building the Keystone Pipeline when (President Joe) Biden canceled it.”

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mostly-true

stated on June 28, 2022 in Twitter

"Thanks to failed Dem policies, beer is 9.1% more expensive."

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Instagram posts

stated on July 14, 2022 in an Instagram post

Video shows Biden giving the "same exact speech" months apart.

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false

stated on July 7, 2022 in a Facebook post

“Adults over 51 can receive $$$ in additional spending for groceries and expenses.”

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false

stated on June 2, 2022 in 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."

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barely-true

Cavalier Johnson

stated on May 27, 2022 in News conference

The RNC is “a $200 million economic infusion into our communities.”

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half-true

Corporate profits do not drive inflation, but inflation boosts company profits

Corporate profits do not drive inflation, but inflation boosts company profits

By Louis Jacobson • December 9, 2022

Inflation’s effects on the holiday season

Inflation’s effects on the holiday season

By Jeff Cercone • November 22, 2022

Trump says he left Biden a perfect economy, but the facts say otherwise

Trump says he left Biden a perfect economy, but the facts say otherwise

By Matthew Crowley • November 16, 2022

Verificamos el evento de campaña de Donald Trump con Marco Rubio, pero sin Ron DeSantis

Verificamos el evento de campaña de Donald Trump con Marco Rubio, pero sin Ron DeSantis

By Yacob Reyes • November 7, 2022

Fact-checking Joe Biden’s final midterm rallies in Pennsylvania, New York, Florida

Fact-checking Joe Biden’s final midterm rallies in Pennsylvania, New York, Florida

By Louis Jacobson • November 7, 2022

GOP leaders are proposing tax cuts. Could that drive inflation?

GOP leaders are proposing tax cuts. Could that drive inflation?

By Louis Jacobson • November 7, 2022

Fact-checking Trump’s rally with Marco Rubio and Rick Scott, but not Ron DeSantis

Fact-checking Trump’s rally with Marco Rubio and Rick Scott, but not Ron DeSantis

By Yacob Reyes • November 6, 2022

Joe Biden and manufacturing jobs: A closer look

Joe Biden and manufacturing jobs: A closer look

By Louis Jacobson • November 1, 2022

Marco Rubio lanza un ataque engañoso contra Val Demings sobre los impuestos

Marco Rubio lanza un ataque engañoso contra Val Demings sobre los impuestos

By Yacob Reyes • October 31, 2022

In Context: What Stacey Abrams said about the economic aspect of abortion

In Context: What Stacey Abrams said about the economic aspect of abortion

By Madison Czopek • October 26, 2022

¿Charlie Crist redujo las tarifas de seguros de propiedad en un 10%?

¿Charlie Crist redujo las tarifas de seguros de propiedad en un 10%?

By Yacob Reyes • October 20, 2022

Experts say Biden’s achievements are similar to recent presidents. But Democrats aren't touting them

Experts say Biden’s achievements are similar to recent presidents. But Democrats aren't touting them

By Louis Jacobson • October 19, 2022

Fact-checking claims from Iowa's Senate debate on abortion, inflation and the border

Fact-checking claims from Iowa's Senate debate on abortion, inflation and the border

By Liam Halawith • October 12, 2022

The Democrats’ overstated claim that the Inflation Reduction Act curbs debt, inflation

The Democrats’ overstated claim that the Inflation Reduction Act curbs debt, inflation

By Louis Jacobson • August 19, 2022

PolitiFact Wisconsin 'High Five' for July 2022

PolitiFact Wisconsin 'High Five' for July 2022

By D.L. Davis • August 4, 2022

What exactly is a recession? Sorting out a confusing topic

What exactly is a recession? Sorting out a confusing topic

By Louis Jacobson • July 26, 2022

Fact-checking Ted Cruz's 'Real State of the Union'

Fact-checking Ted Cruz's 'Real State of the Union'

By Nusaiba Mizan • March 17, 2022

Ask PolitiFact: Why are gas prices going up?

Ask PolitiFact: Why are gas prices going up?

By Jon Greenberg • March 9, 2022

Russia’s economy and Western sanctions: What you need to know

Russia’s economy and Western sanctions: What you need to know

By Louis Jacobson • February 25, 2022

Tracking Biden's campaign promises, one year in

Tracking Biden's campaign promises, one year in

By Louis Jacobson • January 18, 2022

Latest promises about Economy

Create 1 million auto industry jobs

Create a public credit reporting agency

Put US on a course to net-zero emissions by 2050.

Establish an offshoring tax penalty

Tighten 'Made In America' rules

Create a Public Health Jobs Corps

Use evidence to determine COVID-19 openings and closings

Get bipartisan cooperation on the economy

Use the Defense Production Act to produce personal protective equipment

Make 2 years of community college or a high-quality training program tuition-free

Increase the federal minimum wage to $15/hour

Give disadvantaged communities 40% of spending benefits related to clean energy

Load more promises about Economy