An excellent IBD editorial, "Speaking of Misinformation," takes a point-by-point look at President Obama's health care speech. When the President's statements are so easily shown to be misleading, it no longer a matter of simple misrepresentation, but one of outright deception.
The Cato Institute provides a 5 minute video with another set of counterpoints.
Facts are important, but more important is the context within which the facts exist. It is this context that President Obama ignores: that this is a country of liberty based on individual rights and the very idea of government-controlled health care is in direct violation of all three of those rights: life, liberty and the pursuit of happiness-- a pursuit which occurs through the use of one's own honestly earned private property.