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Friday, June 3, 2011

Obama Lies: "Government is Completely Re-payed (by Chrysler) For Investments Made Under My Watch"

Today President Obama spoke at a Chrysler Plant in Toledo Ohio where he made this statement:

"Today I'm proud to announce that the government has been completely repaid for the investments we made under my watch by Chrysler."

Here is the Video(comment starts at the 4:15 mark):

You just witnessed Obama telling a Bald-Faced Lie.

According to an article on AOL Autos, the Obama administration admitted yesterday that they will never recoup all of the money they invested in the auto bailout. The government has lost a total of $14 Billion Dollars:

"From the very beginning, the Obama administration made it clear that they'd never recoup all of the money they invested in the auto industry bailout. They just didn't know how much they'd lose.

Now they've put a figure on it: The government will lose about $14 billion in taxpayer funds, out of the $80 billion it spent to bail out Chrysler and General Motors in 2009."

Maybe President Obama can explain how the U.S. taxpayers can be completely repaid when they suffered a loss of $14 Billion Dollars.

Or maybe he can explain why he has such little respect for the American taxpayer that he figures he can tell a Lie with a straight face... and think no one will catch him.


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