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Our ship production is just fine

Welcome to ThinkProgress’ live coverage of the final presidential debate, hosted by Lynn University, in Boca Raton, Florida.

We’ll fact-check both candidates’ claims in real time and offer a wide range of multimedia content. Tonight’s debate is moderated by Bob Schieffer, host of CBS’ Face the Nation, and will focus on foreign policy. This is the 23 (and final) debate of the 2012 election.

9:43 pm

Our ship production is just fine

Romney would like to bring ship production for the American Navy back up to the levels it was at toward the end of the Cold War. Reduction in the number of ships produced is not a policy of the Obama administration, it’s a trend. During George W. Bush’s presidency, in fact, fewer ships were produced than under Obama:

Obama mocked Romney’s widely debunked Navy claim during the debate, noting, “Well, Governor, we also have fewer horses and bayonets.” Watch it:

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