The following assertions, for instance, are true:

• Obama did cut over $700 billion from Medicare to fund Obamacare.
• The stimulus was a case of political patronage, corporate welfare and cronyism.
• The Janesville, General Motors plant was closed down under Obama (though Ryan made a more nuanced assertion that we’ll cover below)
• Obama did blow off the bipartisan debt commission.
• Obama’s waivers do allow for the relaxing of work requirements in welfare reform.