EDITOR'S NOTE _ This is the latest in an ongoing Associated Press series that examines statements by political figures and how well they adhere to the facts. The findings and arguments presented here are AP's.

WASHINGTON (AP) — To hear some Republican presidential candidates tell it, the president's pen is a magic wand that can make "Obamacare" vanish in one day and sweep in cheaper health care, economic growth and lots of jobs in businesses freed from the health care law's heavy hand.

But there is no such fairy dust in Washington.

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