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On the day he entered the Republican campaign for president, Texas Gov. Rick Perry said at a New Hampshire house party that the Obama administration has made life more difficult for oil companies in Louisiana and Texas while being overly generous to energy projects in other countries.
"This president goes to Brazil and delivers $2 billion to that country to help them with their offshore drilling projects," Perry said. "What are they thinking?"
But as we drilled down into this statement, we found an empty well. Obama didn't "deliver" any such thing during his visit to Brazil, and Obama had no connection to a much smaller loan guarantee that a Brazilian company ultimately got from the U.S. Export-Import Bank. Experts we interviewed said Perry was distorting the truth and wrongly characterizing what happened. Our ruling? Pants on Fire.
See Truth-O-Meter item.