FACT CHECK: Slips on Libya, Syria, auto bailout in vice presidential debate

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The same report says those business owners account for about half of all business income. That supports Ryan.

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RYAN: Notes that there have been four rounds of U.N. sanctions on Iran to deter its nuclear program, three during the Bush administration and one under Obama. “And the only reason we got it is because Russia watered it down and prevented the sanctions from hitting the central bank. Mitt Romney proposed these sanctions in 2007. In Congress, I’ve been fighting for these sanctions since 2009. The administration was blocking us every step of the way.” He also noted the administration has granted 20 waivers to the sanctions.

THE FACTS: The argument that the administration was watering down or delaying sanctions is misleading. For sanctions to work, they need maximum global agreement and cooperation. Russia watered down U.N. sanctions not only under Obama, but also under Bush. And it’s highly unlikely that a Romney administration, particularly led by a candidate who says Russia is the biggest geostrategic threat to the U.S., would be able to get Russia completely on board with what the U.S. wants to — either in Iran or Syria.

The more absolute U.S. sanctions that Ryan and others have pushed in Congress would have punished U.S. allies, including most countries in Europe as well as Japan and South Korea, along with good friends like India and Singapore — without the exemptions that were put in place.

The administration has indeed granted 20 waivers, to countries that made significant reductions in Iranian oil imports. And the sanctions are pinching; Iran has been convulsed over the past week with protests over the collapse of its currency, which most people say is a direct result of the sanctions that the U.S. and others have imposed.

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Associated Press writers Bradley Klapper, Tom Raum, Ricardo Alonso-Zaldivar, Stephen Ohlemacher, Tom Krisher and Matthew Lee contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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