Statements on Economy
Biden
Mostly true

"John McCain said...in December he was surprised there was a subprime mortgage problem."

Joe Biden on Thursday, October 2nd, 2008 in St. Louis >>Details


McCain
Half-True

"John McCain fought to rein in Fannie and Freddie...but Democrats blocked the reforms."

John McCain on Tuesday, September 30th, 2008 in an advertisement >>Details


McCain
Barely True

House Republicans "weren't part of the negotiations" on the Wall Street bailout plan.

John McCain on Friday, September 26th, 2008 in the first presidential debate in Oxford, Miss. >>Details


Obama
Barely True

 "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."

Barack Obama on Wednesday, September 24th, 2008 in a speech in Dunedin, Fla. >>Details


McCain
Half Flip

On whether the government should bail out insurance giant AIG:

John McCain on Wednesday, September 17th, 2008 in >>Details


Obama
Barely True

"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."

Barack Obama on Tuesday, September 16th, 2008 in Golden, Colo. >>Details


McCain
Barely True
"I said two years ago that the Fannie and Freddie thing was a very serious problem and we had to work on it."

John McCain on Tuesday, September 16th, 2008 in an interview on CNN's American Morning >>Details


Obama
Half-True
McCain economic adviser Phil Gramm is "the architect of some of the deregulation in Washington that helped cause the mess on Wall Street."

Barack Obama on Wednesday, September 17th, 2008 in Elko, Nev. >>Details


Obama
True
John McCain said last year he didn't know of a solution to the mortgage crisis.

Barack Obama on Tuesday, September 16th, 2008 in Golden, Colo. >>Details


Obama
Half-True
"The average American family" saw income rise $7,500 under Bill Clinton and decline $2,000 under George Bush.

Barack Obama on Thursday, August 28th, 2008 in Denver >>Details


Obama
True
"I have repeatedly said that many of the predatory loans that were made in the mortgage system did target African-American and Latino communities."

Barack Obama on Friday, August 1st, 2008 in a town hall in St. Petersburg, Fla. >>Details


Obama
Barely True
"I have little doubt that we've moved into recession at this point."

Barack Obama on Saturday, July 12th, 2008 in a conversation with reporters aboard plane >>Details


MoveOn.org
Barely True
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."

MoveOn.org on Saturday, April 5th, 2008 in an e-mail >>Details


Clinton
True
"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."

Hillary Clinton on Monday, March 24th, 2008 in a speech at the University of Pennsylvania. >>Details


Clinton
True
Hillary Clinton advocates "a freeze on foreclosures. Barack Obama said no."

Hillary Clinton on Tuesday, April 29th, 2008 in in a television ad >>Details


McCain
Barely True
After Reagan took office, "we didn't raise taxes and we didn't cut entitlements. What we did was we cut taxes."

John McCain on Wednesday, April 9th, 2008 in campaign event in Westport, Conn. >>Details


Obama
False
"He’s promising four more years of an administration that will push for the privatization of Social Security..."

Barack Obama on Monday, April 14th, 2008 in Associated Press Annual Meeting, Washington D.C. >>Details


Obama
True
The United States is "seeing greater income inequality now than any time since the 1920s."

Barack Obama on Wednesday, April 16th, 2008 in Democratic debate in Philadephia >>Details


Obama
Mostly true
"When we've got CEOs making more in 10 minutes than ordinary workers are making in a year ... then something is wrong."

Barack Obama on Tuesday, February 19th, 2008 in a campaign rally in Houston, Texas >>Details


Clinton
Half-True
"I want to freeze interest rates for five years."

Hillary Clinton on Thursday, January 31st, 2008 in Los Angeles, Calif. >>Details


Obama
False
"Hillary Clinton believed NAFTA was a 'boon' to our economy."

Barack Obama on Wednesday, February 13th, 2008 in a flier sent to voters in Ohio >>Details


Obama
True
Clinton said "great things about NAFTA until she started running for president."

Barack Obama on Sunday, February 24th, 2008 in Lorain, Ohio >>Details


Romney
True
John McCain has said the economy is "not his strong suit."

Mitt Romney on Friday, February 1st, 2008 in Denver >>Details


Romney
True
"Two-thirds of our economy is a consumer economy."

Mitt Romney on Thursday, January 24th, 2008 in Boca Raton, Fla. >>Details


Clinton
True
"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."

Bill Clinton on Friday, January 25th, 2008 in >>Details


Huckabee
Barely True
Says he was the only Republican candidate at a prior debate who said lower-income workers were being hurt by the economy.

Mike Huckabee on Thursday, January 24th, 2008 in a debate in Boca Raton. >>Details


Clinton
Half-True
"Thanks to President Bush's policies....The income gap is now higher than at any time since the Great Depression."

Hillary Clinton on Monday, November 19th, 2007 in Knoxville, Iowa >>Details


Clinton
True
"Productivity has risen 18 percent ...yet wages have stayed flat... There are 5-million more people in poverty here in our country than there were in 2000."

Hillary Clinton on Wednesday, December 5th, 2007 in New York, N.Y. >>Details


Chain e-mail
Pants on fire!
An anonymous e-mail says that Hillary Clinton advocates communism.

Chain e-mail on Wednesday, December 12th, 2007 in >>Details


Giuliani
False
''The leading Democratic candidate once said that the unfettered free market is the most destructive force in modern America.''

Rudy Giuliani on Tuesday, October 9th, 2007 in Dearborn, Mich. >>Details


McCain
Half-True
"A lot of people don't know that 50,000 Americans now make their living off eBay."

John McCain on Tuesday, October 9th, 2007 in Dearborn, Mich. >>Details


Richardson
Mostly true
"Today New Mexico (has) the sixth-fastest growing economy."

Bill Richardson on Wednesday, September 26th, 2007 in a debate at Dartmouth College in Hanover, N.H. >>Details


Edwards
Mostly true
An estimated 56 million Americans don't have bank accounts.

John Edwards on Thursday, June 21st, 2007 in New York City. >>Details


Clinton
True
"Corporate profits are up, CEO pay is up, but average wages of Americans are flat."

Hillary Clinton on Sunday, July 22nd, 2007 in Washington, DC >>Details


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PolitiFact is a project of the St. Petersburg Times and Congressional Quarterly to help you find the truth in the presidential campaign. Every day, reporters and researchers from the Times and CQ will analyze the candidates' speeches, TV ads and interviews and determine whether the claims are accurate. >> More

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