“Inflation has gone up every month of the Biden presidency and just hit another 40-year high.”
PolitiFact rated this: Mostly True
Economy and jobs
1,152 claims on this topic checked by other fact-checking organisations. Topics are sorted by the words in each claim and cover English-language checks.
“Recent news of NITI Aaayog VC comments ‘India’s economy is in worst phase in 70 years’”
FACTLY rated this: MISLEADING
FACTLY says: Back in August 2019, NITI Aayog VC Rajiv Kumar made these comments speaking about the economic slowdown. Addressing a summit, Rajiv Kumar said, ‘this is an unprecedented situation for Govt from last 70 years have not fa…
“After their massive tax giveaway to the superwealthy and giant corporations in 2017, congressional Republicans now want to raise taxes on middle class families”
Washington Post rated this: Three Pinocchios
Washington Post says: The idea was proposed by Sen. Rick Scott (R-Fla.), and no other congressional Republicans support it.
“Claim: misleading shared that Lankan fuel prices higher than India”
Fact Crescendo rated this: FALSE
“... when we compare the Howard years with the Rudd-Gillard years, both — all governments spent 1.7 per cent to 1.8 per cent of GDP [on defence] on average.”
RMIT ABC Fact Check rated this: Fair call
RMIT ABC Fact Check says: Mr O'Connor's claim is a fair call. Fact Check extracted defence spending figures from the Defence Portfolio Estimates Statements and Defence Annual Reports. The figures showed the Howard government spent an annual aver…
“While the initial increase in oil prices resulted in a near instantaneous increase in gas prices for consumers, the subsequent decrease in crude oil prices has failed to meaningfully provide relief for Georgia's families at the pump.”
PolitiFact rated this: Mostly True
PolitiFact says: When oil prices rise rapidly, the costs at the pump go up rapidly. When the oil prices decline, the costs at the pump go down more slowly than consumers would like.
“If Wisconsin Gov. Tony Evers "had passed his (gas) tax increases ... fuel prices would be at least a dime higher.”
PolitiFact rated this: Mostly True
“News clip stating World Bank has removed the developing nation tag of India”
FACTLY rated this: MISLEADING
FACTLY says: This is an old news which dates back to 2016, when the World Bank changed the nomenclature of classification of countries. World Bank stopped categorising countries as developed and developing countries. Instead World B…
“What people don’t know is that 70 percent of the increase in inflation was the consequence of Putin’s price hike because of the impact on oil prices. Seventy percent.”
Washington Post rated this: Needs context
Washington Post says: Biden is referring to the impact of energy on monthly inflation
“A secret backroom deal" gave "away hundreds of millions of tax dollars to a Soros-owned company.”
PolitiFact rated this: Mostly False
PolitiFact says: Outlines of the proposed deal, including some state incentives, have been announced. Once negotiations are complete, more details of the proposal will be announced. The company involved is not owned by George Soros.
“Claim: Indian oil not issued this warning on fuel tank fill”
Fact Crescendo rated this: FALSE
“Claim: misinformation spreading that petrol price is low in bjp ruling states”
Fact Crescendo rated this: FALSE
“John D. Rockefeller coined the term “fossil fuel” to trick people into thinking that his product was scarce and drive up the price when fossil fuels are actually “the second most abundant liquid on the planet.”
PolitiFact rated this: False
PolitiFact says: John D. Rockefeller was not responsible for coining the term “fossil fuel.” It was first used by German chemist Caspar Neumann in the 1700s.
“Claim: sbi not writes off adani groups 12770 crore worthy loan”
Fact Crescendo rated this: FALSE
“India’s debt to GDP ratio figures is in line with that of Sri Lanka.”
FACTLY rated this: MISLEADING
FACTLY says: While it is true that Sri Lanka’s total debt as a percentage of GDP is high and even surpassed 100%, India’s total national debt as a percentage of GDP figures is not as high as claimed in the post. From 2016-17 to 2020…
“Sandro Marcos proposed to impose taxes on seafarers, nurses and other high-income Filipino earners based abroad”
Vera Files rated this: Fake
“The economy was "dead in the water when we got here. Virtually no jobs created.”
PolitiFact rated this: Mostly False
PolitiFact says: The job creation record under Biden has been impressive, exceeding 424,000 in 14 out of the 15 months he’s been in office. However, the economy didn’t turn suddenly when he took office; it was already improving.
“Says Gov. Tony Evers "tried to make us pay even more at the pump by hiking the gas tax.”
PolitiFact rated this: Half True
“Unemployment data for Jan-Mar 2020 is compared with the unemployment rates of July-Sept 2021”
FACTLY rated this: MISLEADING
FACTLY says: Though the data provided in the post is true to an extent, the comparison is not appropriate. The data for the quarter Jan-Mar 2020 (the quarter before the COVID-19 lockdown) is compared to the July-Sept 2021 quarter, w…
“Claim: nirmala sitharaman not commented this on fuel price hike”
Fact Crescendo rated this: FALSE