Second Presidential Debate: Fact vs. Fiction

A fact check from Obama and Romney's town hall debate.
3:00 | 10/17/12

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Transcript for Second Presidential Debate: Fact vs. Fiction
With half of college kids graduating this year. Without a college -- without a job and without a college level job that's just unacceptable so here's what I've done since I've been -- We have increased oil production to the highest levels in sixteen years natural gas production is the highest it's been. In decades. We have seen increases in coal production. And -- employment in the last four years you cut permits and licenses on federal land in federal waters in half not -- around. I want to make sure we keep our -- great -- pell grant program growing. We're also gonna have our loan program so that people are able to afford school we have a president talking about someone's plan. It in a way that's completely. Foreign to a -- real plan is. And then we have his own record which is we have four consecutive years where he said when he was running for office he would cut the deficit in half. Instead he's doubled it. We've gone from ten trillion dollars in national debt. To sixteen trillion dollars in national debt if the president were reelected we go to almost twenty trillion dollars of national -- this puts us on a road degrees. -- expanded pell grants for millions of people including millions of young women all across the country we did it by taking sixty billion dollars there was going to bank acts. And lenders as middleman for the student loan program and we said. Let's just get out the -- let's get the money directly to students and as a consequence we've seen millions of young people be able to afford college. And that's gonna make sure that young women are going to be able to compete in that marketplace. I know he keeps saying he wanted to take you try bankrupt while the president took Detroit bankrupt you took General Motors bankrupt. You took -- -- bankrupt so when you say that I wanted to take the auto industry bankrupt you actually did. And and I think it's important to know that that that was a process that was necessary to get those companies back on their feet. So they could start hiring more people that was precisely what I recommended and ultimately what happened. The day after the attack governor. I stood in the Rose Garden. And I told the American people in the world. That we -- gonna find out exactly what happened. But this was an act of terror. And I also said we're -- hunt down those who committed this month.

This transcript has been automatically generated and may not be 100% accurate.

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