I dont have to go into long, qurky, spinning explanations to show how Ryan lied in his speech. Here are some fun quick examples:
"The first troubling sign came with the stimulus. It was President Obamas first and best shot at fixing the economy, at a time when he got everything he wanted under one-party rule. It cost $831 billion the largest one-time expenditure ever by our federal government."
ARRA was not a $831 billion expenditure. As of today, ARRA consists of:
Costs:
Tax benefits 297.8B
Grants,contracts,loans 240.4B
Entitlements 232.3B
arguing that 472.7B is expenditure might be more correct with an additional 297.8B going towards tax credits.
which is actually 770.5B not 831B. (Understanding that 831B is the Authorized dollar for ARRA not actual Delivered dollars) If anything, 831B is Obligated dollars under the Recovery Act.
http://www.recovery.gov/Pages/default.aspx
Here is another:
"It went to companies like Solyndra, with their gold-plated connections, subsidized jobs, and make-believe markets. The stimulus was a case of political patronage, corporate welfare, and cronyism at their worst. You, the working men and women of this country, were cut out of the deal."
When he says "You" Im assuming he means private sector, right?
Here is what one private sector company got for ONE project from ARRA funds:
$2,242,617.00 awarded to Granite Construction Company
www.fresno.gov/councildocs/agenda6.18.2009/1a.pdf
That is just one example of many where the private sector got paid out of ARRA money.
one last example of Ryans lies:
"Maybe the greatest waste of all was time. Here we were, faced with a massive job crisis so deep that if everyone out of work stood in single file, that unemployment line would stretch the length of the entire American continent. You would think that any president, whatever his party, would make job creation, and nothing else, his first order of economic business.
But this president didnt do that. Instead, we got a long, divisive, all-or-nothing attempt to put the federal government in charge of health care."
Read more:
http://www.politico.com/news/stories/0812/80423.html#ixzz25EAnnY6M
ARRA was signed into law Feb 17, 2009.
ACA was signed into law March 23, 2010.
I could go on...its like every other statement contained some sort of half truth, implied lie, lie by omission or just flat out lies.