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 TARPs 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.
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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 TARPs 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.