During the Fox News Debate on December 15th, The Gov was asked by moderator Neil Cavuto of Fox News
“as Texas agriculture commissioner, you oversaw a loan guarantee program that, as the Austin American-Statesman reported at the time, had so many defaults that the state had to stop guaranteeing bank loans to start-ups in the agribusiness, and eventually bailed out the program with the taxpayer money, so aren’t you guilty of the same behavior you rail against as a presidential candidate?”
The Gov replied: “Number one, don’t believe everything you read in the Austin American-Statesman. And the second side of it is, we had that program put in place, and the state did not bail out, those programs worked as they were supposed to work. Just like in any bank or any business, you are going to have some that fail.”
Read Politifact’s reasons for their “Pants on Fire” rating.