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

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Wed, 17 Oct 12 7:54 AM | 35 view(s)
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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.

“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 r

http://cnsnews.com/news/article/obama-we-got-back-every-dime-bailout-cbo-bailout-will-lose-24-billion




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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