The obama lies are reaching an all time high, I pity the people who are buying them and who have put their trust in the Liar in Chief…
LIE…Obama is now saying he got back every dime he used to rescue the financial system
TRUTH… CBO said the government will lose 24 billion on the bailout…
LIE…We passed a historic law to end taxpayer funded Wall Street bailouts for good
TRUTH…CBO shows figures from Obama’s own management and Budget “the cost to the federal government of TARP’s transactions shows amounts to 24 billion, CBO released these numbers on the same day obama gave his speech in Florida.
CBO said that the cost of TARP “stems largely from assistance to American International Group (AIG), aid to the automotive industry, and grant programs aimed at avoiding home mortgage foreclosures,” noting that the losses will be so large they will eclipse the financial gains the government will realize from bailing out other large financial institutions.
In fact, CBO reported that as of now $65 billion in TARP funds remain outstanding.