Jacobson did a remarkable bit of research in a very short period of time. However, I did think his questions to me were leading. Remember, Mr. Jacobson asked “(2) What context does this ignore (changing/more lethal technology, changed geopolitical needs, etc)?,” which both assumes and implies to the interviewees that Romney ignored those specific contexts.
Additionally, in his final few paragraphs, Jacobson refers to Romney’s statements as “meaningless,” “glib,” “preposterous,” and “ridiculous.” To be frank, I’m a little surprised by that wording, especially in writing for a site that strives for objectivity.
My opinion, for what it is worth, is that since Romney’s base statement was factually accurate when it came to most numerical metrics, it would seem that he could be given credit for a half-truth, even if the context complicates the matter.
In any event, that is how PolitiFact worked in this case.