Ok... the first quote is accurate, the second is my taking artistic license with what the CBO actually said... sue me:
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.
Will these sorts or reports make a difference to the electorate?
Who knows.
But make no mistake about it.
Mrs. Mo (as in momentum) is squarely, as of this writing, in the camp of Mitt Romney.
It's hope and change to believe in.
Is anyone going to state the obvious - obama did not have anything to do with the bailout in 2008. -- before he took office
Posted by: me | Tuesday, October 16, 2012 at 08:28 PM
Obama you are a liar about your past,your american records and everything else since you became president with the help of all your abortionist friends and all your gay and Hollywood supporters! please respond to these charges!
Posted by: Charles E. Clark | Thursday, October 18, 2012 at 12:02 PM