Obama We Got All Our Bailout Money Back; CBO: We Lost $24 Billion

Barack Obama at the White House

Liars Lie:

(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 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.

We’ve got a president so narcissistic that he thinks he can lie as much as he wants and nobody will call him on it. Speaking for myself I’d rather have leaders that see reality as it is rather than as they wish it to be.

I'm a Grand Forks native and alumni of North Dakota. I want to be Rob Port when I grow up.

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  • $8194357

    Whats a 24 billion slush fund among leftist friends?

  • Harold

    Obama is a compulsive liar and probably doesn’t even know that he’s lying, or maybe he does and just doesn’t have conscience and doesn’t care. Either way he’s a very flawed person.

  • JustRuss

    This also doesn’t include things like forgiving taxes for GM in almost exactly the amount of the loan.

  • Thresherman

    “We’ve got a president so narcissistic that he thinks he can lie as much as he wants and nobody will call him on it”
    No, it is a FACT that they media WILL NOT call him on it. With that assurance on their part, he obviously sees no reason why he should tell the truth when a lie will work better.

  • kevindf

    Black Presidents don’t come cheap, you know!

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