Poison Pero is RIGHT!

Saturday, December 22, 2012

Barack Obama Jackass Quotes of the Year - 8

Note: This list is in chronological order.
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Barack Obama (Fibber-in-Chief)

"We got back every dime we used to rescue the financial system."

Really?

"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." - Congressional Budget Office

This CBO report was released the same day Obama made his fib...The CBO report is only an estimate of projected losses, too.  At this time there are still $65 billion in unpaid TARP funds.

That said, who can blame Obama for thinking TARP has broken even?  He's not used to such 'small' numbers as billions when it comes to wasted taxpayer money; he's used to trillions...So maybe he figures these billions are just rounding-errors.

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