Pathological? Paul Ryan Says 1.4 Million Businesses Filed Bankruptcy Under Obama, Turns Out There Were Only 48,000 Filings
The lies of Rep. Paul Ryan, Mitt Romney’s vice presidential pick, are getting out of control. No one will forget the litany of untruths Ryan dropped during his speech at the Republican National Convention. It was so bad that even CNN’s Erin Burnett, who hails from Wall Street herself, said ”there will be issues with some of the facts. But it motivated people.”
The next day, fact checkers from most major publications reamed the speech as being full of lies and falsehoods. So one would think that Ryan would think twice before trying to pull another fast one, right? Wrong.
The seven-term Wisconsin congressman delivered a GOP attack at a rally Charlotte where the Democratic National Convention is being held. During the speech, where he tried to tie Obama to Carter, Ryan let loose a whopper of a lie.
“In 1980, under Jimmy Carter, 330,000 businesses filed for bankruptcy. Last year, under President Obama’s failed leadership, 1.4 million businesses filed for bankruptcy,” Ryan said. “Take a look at people who are having a hard time making their mortgage payments, 77,000 delinquent mortgages by the time Jimmy Carter left office. Under President Obama 3 million.”
According to the American Bankruptcy Institute, there were only 47, 806 business bankruptcies last year, not 1.4 million.
Ryan’s campaign later stepped in to do damage control, saying that their candidate was referencing total bankruptcy filings, not just business filings. So the G.O.P. policy wonk can’t keep his numbers straight?
This also comes on the heels of Paul Ryan lying about his marathon finish time. Ryan said that he finished a marathon in “two hours and fifty something” minutes. That would’ve had Ryan running a 7 minute mile the entire race and was, of course, another Paul Ryan whopper. His campaign later “clarified,” confirming suspicions that Ryan had only run one marathon in his life, and had finished in a little over four hours, not the two hours he’d bragged about.
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