Obama Claims ‘We Got Back Every Dime’ of Bailout Money on Same Day CBO Reports $24B Loss

0 Posted by - October 15, 2012 - Career & Business, Conspiracies & Scandals, Economics, Money

0730 detroit auto bailout obama full 600 300x200 Obama Claims We Got Back Every Dime of Bailout Money on Same Day CBO Reports $24B LossPresident 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.

CONTINUED at CNS News. Video at link.

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