Misleading people about how fast you can run a marathon is bad enough, but wildly overstating bankruptcy numbers by mixing apples and oranges to make President Obama look bad is a flat-out dirty trick:
The Washington Post's Ezra Klein has the correct figures:
“Simply put, the Jimmy Carter years look like the good old days compared to where we are right now,” Paul Ryan quipped to a crowd at East Carolina University on Sunday night.
As ABC News has found, some of the data Ryan invoked to support this conclusion is just wrong. Ryan said in 1980, 330,000 businesses filed for bankruptcy; it was more like 44,000.
He said that 1.4 million businesses filed for bankruptcy in 2011; it was about 48,000. The numbers Ryan used were personal bankruptcy figures, which he passed off as business bankruptcies.