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Team Obama: Rep. Ryan 'false' in convention speech

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Obama's campaign responded defensively, charging that Ryan's budget plan also cut from Medicare, that the GM plant closed or began the process of closing under former President George W. Bush, and that the Wisconsin congressman voted against the Bowles-Simpson plan and requested stimulus funds for two Wisconsin companies.

"Paul Ryan: Wrong for the middle class," the video concludes in text.

“It’s not surprising the President and his team don’t like people talking about his failed policies," Ryan campaign spokesman Brendan Buck said in a statement. "Instead of admitting that his policies have led to record unemployment, debt that puts our economy at risk, and programs that have grown government at the expense of the private sector, President Obama continues to double down on the same false attacks and policies that have done nothing to fix our economy. The American people deserve better. Mitt Romney and Paul Ryan have a plan to help grow the economy, bring jobs back, and get the country on the right track again.”

Mitt Romney supporters and aides defended Ryan's speech. Senior Romney aide Eric Fehrnstrom addressed the Obama campaign's charges on CNN's "Starting Point" on Thursday, saying that when Ryan disagreed with Bowles-Simpson, he presented an alternative budget plan. Fehrnstrom said Ryan "met his obligation" by doing so.

On the the Janesville plant, Fehrnstrom pointed out Ryan did not say Obama closed the plant. 

"He didn't talk about Obama closing the plant. He said Candidate Obama went there in 2008," Fehrnstrom said. 

Ryan, in his speech, quoted then-Sen. Obama's (Ill.) campaign speech at the plant and concluded: "Well, as it turned out, that plant didn’t last another year." 

"Four years later it's still shuttered," Fehrnstrom said. "I think it's a symbol of the recovery that hasn't materialized for the people of Janesville, Wisconsin, just as it hasn't materialized for people all over the country."

—Updated at 10:29 a.m.