"The bloom falls from Ryan's rose" by Steve Benen at the Maddow Blog

[applegrove]

The bloom falls from Ryan's rose

by Steve Benen at the Maddow Blog

http://maddowblog.msnbc.com/_news/2012/09/04/13658125-the-bloom-falls-from-ryans-rose#.UEYU-pHInwM.reddit

"SNIP........................................


Mr. Ryan also cited bankruptcy numbers to make the point that failing businesses mean fewer jobs. "In 1980 under Jimmy Carter, 330,000 businesses filed for bankruptcy," he said. "Last year, under President Obama's failed leadership, 1.4 million businesses filed for bankruptcy."

At a certain level, the comparison itself is idiotic -- there was no global economic crash in 1980 or the years leading up to it. But just as important is the fact that Ryan's figures are simply wrong.

The Republican vice presidential candidate told voters 1.4 million businesses filed for bankruptcy. The actual number is 47,806 -- a number that happens to be steadily improving as the economy continues to slowly recover.

In other words, Ryan -- hailed by the media as an honest "wonk" who loves facts and figures -- was off by a factor of 29. (Kudos to the New York Times, by the way, for telling readers the truth, rather than just publishing Ryan's falsehood because he said it.)

..........................................SNIP"

[applegrove]

1. Not to mention over the last 30 years most industries have been deregulated,

or are being deregulated, which gutts the mid sized corporations and creats many more small businesses. That is where all the risk is. That is why there are more bankrupcies.

[qwlauren35]

2. How could that kind of lie fly?

Ryan may as well just say he has breasts and a vagina... and act like it's true.

We assume that the candidates will tell the truth. This is really out of hand.