TAMPA, Fla. - Paul Ryan's acceptance speech at the Republican convention contained several false claims and misleading statements. Delegates cheered as the vice presidential nominee: Accused President Obama's health care law of funneling money away from Medicare "at the expense of the elderly." In fact, Medicare's chief actuary says the law "substantially improves" the system's finances, and Ryan himself has embraced the same savings. Accused Obama of doing "exactly nothing" about recommendations of a bipartisan deficit commission - which Ryan himself helped scuttle. Claimed the American people were "cut out" of stimulus spending. Actually, more than a quarter of all stimulus dollars went for tax relief for workers. Faulted Obama for failing to deliver a 2008 campaign promise to keep a Wisconsin plant open. It closed less than a month before Obama took office. Blamed Obama for the loss of a AAA credit rating for the U.S. Actually, Standard & Poor's blamed the downgrade on the uncompromising stands of both Republicans and Democrats. And when he wasn't attacking Obama, Ryan was puffing up the record of his running mate, Mitt Romney, on taxes and unemployment.