Obama File: "We Got Back Every Dime" Lie


Last week Obama lied again, when he stated:

We got back every dime we used to rescue the financial system, but we also passed a[n] historic law to end taxpayer-funded Wall Street bailouts for good.

That is not what the Congressional Budget Office (CBO) reported:

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.

Released on the same day Obama provided more propaganda for his reelection.
As of this writing, CBO reports that TARP funds remain $65 billion in the red.
The same lie he told about the GM (auto industry bailout). 

SOURCES and REFERENCES:
Obama: “We Got Back Every Dime”Right Coast Conservative
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