Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion

Discussion in 'Politics' started by Vel, Oct 16, 2012.

  1. Vel
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    Vel Gold Member

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    So which is it? Is Obama straight up lying to the public or is he too incompetent to understand our finances and what know what we're really spending? Either way shows him not capable of doing the job of POTUS.
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    Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion
    By Matt Cover
    October 15, 2012

    (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.

    “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.
     
  2. SniperFire
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    SniperFire Senior Member

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    Barry is a lying sack of ..... Obama.
     
  3. SniperFire
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    SniperFire Senior Member

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  4. Katzndogz
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    Katzndogz Diamond Member

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    A123 Battery just filed for bankruptcy after their 249 million stimulus money was gone.
     
  5. Claudette
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    Claudette Gold Member

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    No surprise there.

    Oh wait. I thought that stimulus money created loads of jobs.

    Guess not.
     
  6. VaYank5150
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    VaYank5150 Gold Member

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    And how about that whole Romney/Ryan tax cut idea? The CBO says it is not mathematically possible to do without increasing our deficit. Do you agree with the CBO on that?
     
  7. SniperFire
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    SniperFire Senior Member

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    Well.. yeah, but I bet they partied like a rock star with the grandkid's money before they went down!
     
  8. blastoff
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    blastoff Undocumented Reg. User

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    Y'all can make fun of the failed stimulus all you want but I don't think it's funny at all. I'd gone out and bet the ranch on a ton of stock in Amalgamated United American Shovel Company, and lost my ass.
     
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  9. SniperFire
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    SniperFire Senior Member

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    Hmm. The shovels weren't quite ready, afterall.
     
  10. TakeAStepBack
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    TakeAStepBack Gold Member

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    You mean you actually thought that stimulus would work so you bet the ranch on it? :lmao:
     

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