Quote: "in July 1980 the unemployment rate was 7.8 percent and for the past 42 months it's been above 8 percent under Barack Obama's failed leadership."
Result: FIB. While the statement is technically true, Ryan fails to mention that under Bush Jr unemployment was at 9.4% and even higher under Ronald Reagan, at 9.8%.
Quote: "In 1980, 330,000 businesses filed for bankruptcy. Last year, under President Obama's failed leadership, 1.4 million businesses field for bankruptcy."
Result: LIE. In 1980, a total of 331,264 businesses and non-businesses combined filed for bankruptcy according to the American Bankruptcy Institute.
Quote: "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."
Result: TRUTH. The Mortgage Bankers Association reports that there were 76,885 delinquent mortgages when Jimmy left office, with 3,107,247 mortgages being late in the 2nd quarter of this year.
Brendan Spaar is sure to check all of the facts.