1. PANTS ON FIRE

    Romney Ad Named ‘Lie of the Year’

    Joe Raedle / Getty Images

    Well, at least he won something. Mitt Romney’s presidential campaign was awarded “Lie of the Year” on Wednesday by fact-checking website PolitiFact. The Pinocchio moment: the claim that Barack Obama “sold Chrysler to the Italians who are going to build Jeeps in China.” The idea that Jeep was moving U.S. production to China originated with a conservative blogger and was quickly shot down by Jeep itself. But Drudge Report ran with it, Romney mentioned it at an Ohio event, and the line was placed in a campaign TV ad. The line was “brazenly false,” PolitFact says.

    Read it at PolitiFact