PolitiFact | Economy

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Mostly True

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All Fact-checks for Economy

stated on August 5, 2023 in a speech in South Carolina

“During Biden’s first 30 months in office, just 2.1 million new jobs were created, and by contrast, during my first 30 months in office we created 4.9 million new jobs.”

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false

stated on July 28, 2023 in a speech in Maine

"Wages are up after being adjusted for inflation."

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half-true

stated on July 30, 2023 in an interview on NBC's "Meet the Press"

“Consumer confidence is the highest it’s been in years.”

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barely-true

stated on June 28, 2023 in a speech in Chicago

Says that under his presidency, the unemployment rate has “been below 4% for the longest stretch in 50 years in American history.”

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mostly-true

stated on June 21, 2023 in a Fox News town hall

“Median income in this country is … $35,000 a year. Because of Joe Biden's inflation, the average monthly expenses have increased by $500, almost.”

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half-true

stated on May 22, 2023 in his presidential announcement speech

“The share of working-age men choosing to work is the lowest it has ever been.”

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half-true

stated on May 14, 2023 in a TikTok post

This video shows empty shelves at a Florida grocery store because truckers said “they were not delivering anything to Florida !!!”

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false

stated on April 22, 2023 in a Facebook post

FedNow is a new “monetary system” that’s “going to cost you.”

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false

stated on April 21, 2023 in an interview with Noticias Telemundo

"Latino small businesses are 1 in 4 new businesses, but only 1% of venture capital funding goes to Latino businesses."

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mostly-true

stated on April 11, 2023 in una publicación en Facebook

La Reserva Federal “presentó su nuevo sistema de pagos que va a sustituir al sistema bancario actual".

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false

stated on April 13, 2023 in a speech

Florida has “the second lowest tax burden per capita in the United States.”

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mostly-true

Instagram posts

stated on March 27, 2023 in an Instagram post

Video shows Kenya’s president saying he will “get rid of U.S. dollar.”

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false

Instagram posts

stated on April 6, 2023 in an Instagram post

Cash App founder Bob Lee’s death is connected to FedNow.

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false

stated on March 31, 2023 in una publicación en Facebook

El presidente Joe Biden dijo, “estamos quebrados, completamente quebrados. Agarren su dinero del banco, sáquenlo, sáquenlo ya”.

true

pants-fire

stated on February 26, 2023 in a video

DO Black credit card is part of a government plot to control people’s lives.

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false

stated on March 24, 2023 in an interview with Fox Business' Maria Bartiromo

“We have a national debt the size of our nation’s economy for the first time since World War II.”

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half-true

stated on January 24, 2023 in Twitter

"Wisconsin has seen over 63 billion dollars of federal pandemic-related funding funnel into our state over (Gov. Tony Evers') tenure."

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mostly-true

stated on January 30, 2023 in A speech in Baltimore

“We used to rank No. 1 in the world in research and development, now we rank No. 9. China used to rank No. 8, now it ranks No. 2.”

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barely-true

stated on February 3, 2023 in a speech in Philadelphia

“We created more new jobs in two years than any president did in their entire term.”

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half-true

stated on January 3, 2023 in Senate address

"In 2010, (Wisconsin Republicans) inherited a multi-Billion dollar deficit … Today we are looking at a projected surplus approaching 7 Billion."

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mostly-true

Pregúntale a PolitiFact: ¿Por qué el gobierno excluye de las cifras de desempleo a ciertas personas?

Pregúntale a PolitiFact: ¿Por qué el gobierno excluye de las cifras de desempleo a ciertas personas?

By Maria Briceño • August 4, 2023

Ask PolitiFact: Why are millions of Americans not working but excluded from the ‘unemployed’ rate?

Ask PolitiFact: Why are millions of Americans not working but excluded from the ‘unemployed’ rate?

By Maria Briceño • August 4, 2023

Under Joe Biden, is inflation coming down or are prices much higher? Both

Under Joe Biden, is inflation coming down or are prices much higher? Both

By Louis Jacobson • July 31, 2023

Joe Biden gets some good news on inflation, but challenges remain

Joe Biden gets some good news on inflation, but challenges remain

By Louis Jacobson • July 13, 2023

Florida Gov. Ron DeSantis enters the 2024 presidential race

Florida Gov. Ron DeSantis enters the 2024 presidential race

By Louis Jacobson • May 24, 2023

Ron DeSantis is running for president in 2024. How accurate are his recent statements?

Ron DeSantis is running for president in 2024. How accurate are his recent statements?

By Amy Sherman • May 24, 2023

Ron DeSantis se postula para la presidencia del 2024. ¿Qué tan ciertos han sido sus discursos?

Ron DeSantis se postula para la presidencia del 2024. ¿Qué tan ciertos han sido sus discursos?

By Amy Sherman • May 24, 2023

As Ron DeSantis kicks off his presidential bid, how has Florida fared economically on his watch?

As Ron DeSantis kicks off his presidential bid, how has Florida fared economically on his watch?

By Louis Jacobson • May 24, 2023

Why are banks like First Republic and Silicon Valley failing? And how unusual is this?

Why are banks like First Republic and Silicon Valley failing? And how unusual is this?

By Louis Jacobson • May 3, 2023

Joe Biden anunció su campaña de reelección. ¿Qué tan ciertos han sido sus discursos recientes?

Joe Biden anunció su campaña de reelección. ¿Qué tan ciertos han sido sus discursos recientes?

By Louis Jacobson • April 25, 2023

As Joe Biden announces his reelection bid, how has the economy fared on his watch?

As Joe Biden announces his reelection bid, how has the economy fared on his watch?

By Louis Jacobson • April 25, 2023

President Joe Biden will run for re-election in 2024. How accurate are his recent claims?

President Joe Biden will run for re-election in 2024. How accurate are his recent claims?

By Louis Jacobson • April 25, 2023

Here’s why social media panic over digital currency is overblown

Here’s why social media panic over digital currency is overblown

By Jeff Cercone • April 17, 2023

Fact-checking 6 claims in Joe Biden’s budget speech on the economy, taxes and Medicare

Fact-checking 6 claims in Joe Biden’s budget speech on the economy, taxes and Medicare

By Louis Jacobson • March 10, 2023

Fact-checking Donald Trump’s 2023 CPAC speech about elections, immigration, economy

Fact-checking Donald Trump’s 2023 CPAC speech about elections, immigration, economy

By Matthew Crowley • March 6, 2023

Fact-checking Sarah Huckabee Sanders’ Republican response to Joe Biden’s 2023 State of the Union

Fact-checking Sarah Huckabee Sanders’ Republican response to Joe Biden’s 2023 State of the Union

By PolitiFact Staff • February 8, 2023

The state of the US economy under Joe Biden, in 15 charts

The state of the US economy under Joe Biden, in 15 charts

By Louis Jacobson • February 6, 2023

Joe Biden is halfway through his term. Here's how many campaign promises he's kept so far.

Joe Biden is halfway through his term. Here's how many campaign promises he's kept so far.

By Louis Jacobson • January 19, 2023

PolitiFact’s top 10 stories of 2022

PolitiFact’s top 10 stories of 2022

By Maria Ramirez Uribe • January 2, 2023

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

Latest promises about Economy

Rebuild health stockpiles to be ready for crises

Lower cost of prescription drugs

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

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

Load more promises about Economy