Posted on 10/15/2012 2:49:23 PM PDT by ColdOne
(CNSNews.com) – President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system."
According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.
“We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,” Obama said in Miami Thursday.
The Congressional Budget Office--based on figures from Obama’s own Office of Management and Budget---gives a different assessment.
“The cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,” said the CBO report, which was released on the same day Obama spoke.
(Excerpt) Read more at cnsnews.com ...
Malarky.
Um NO, Mr Zero. What you did was give them new loans from a different account to pay off the old loans. Now the loans are “off the books” so no one can see what you are doing.
He says the same lie about GM!
Is that what Obama meant by redistribution of income? (From the middle class to the 1 percent ?)
Barry’s such a liar that he has to have a SS agent call his dog to his dinner bowl.
"I pick good investments"....where'd he put it?
But it’s true. He got back ‘every dime’
Now every dollar, ten, hundred and thousand dollar bill, that’s another matter.
“we got back every dime we used to rescue the financial system”
Hmmmm, this must have been edited . It should read “ We got back every dime we used to rescue the financial system. Except of course whatever that white devil Bush lent out”
There, I fixed it.
We got back every dime.
We just didn’t get back any of the dollars.
Ha! Good one. Romney should use it.
obamao: “Mitt Romney is lying... liar... liar... liar.
Then Mitt will use hard cold facts to prove with specifics... when and how obama has lied... and the entire night will have a common theme... obama will be shown to be what he accuses Mitt of being.
LLS
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