1. PANTS ON FIRE

    Romney Ad Named ‘Lie of the Year’

    BOSTON, MA - NOVEMBER 07:  Republican presidential candidate, Mitt Romney, speaks at the podium as he concedes the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney.  (Photo by Joe Raedle/Getty Images)

    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