Archive of posts tagged office of management and budget

Obama Lie: “We got back every dime” of Bailout Money – CBO Says $65 Billion Still Unpaid

Obama Lie: "We got back every dime" of Bailout Money - CBO Says $65 Billion Still Unpaid

Obama Lie: “We got back every dime” of Bailout Money – CBO Says $65 Billion Still Unpaid

We can expect more all-out lying from Obama for the rest of the campaign, and beyond if re-elected.

Obama claims that the United States “got back every dime we used to rescue the financial system”, but this is a lie, and the CBO tells a MUCH different story.

The non-partisan Congressional Budget Office says that over $65 billion still needs to be repaid, and that the government will end up losing about $24 billion on Obama’s failed bailout.

We would bet to say that at least 90% of what comes out of Obama’s mouth is a blatant and calculated lie.

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,”

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Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning – Knew Company Would Fail

The corrupt and brain-dead Obama administration were forewarned by an Office of Management and Budget program manager that Solyndra had a “severe liquidity crisis”, but Jack Lew did nothing to block the Department of Energy from restructuring their loan.

Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning - Knew Company Would Fail

Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning – Knew Company Would Fail

Jack Lew personally allowed US Taxpayers to lose $ billions of taxpayer money, and now Jack Lew is Obama’s White House chief of staff. More lies and crony capitalism, and corruption from team Obama.

Who else thinks that the Obama administration knew that Solyndra was going to fail before the initial loan was ever handed out?
We believe 100% that the Obama administration allowed much of the wasteful spending to happen as a shady way to allow Obama to keep lining his friends and supporter’s pockets with taxpayer money.

A top White House adviser received clear notice that solar panel maker Solyndra Inc. faced a “severe liquidity crisis” even before a controversial restructuring allowing investors to recoup money from the now-bankrupt company before taxpayers, documents released Thursday show.

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Obama’s Anti-Recovery White House Against Spending Cuts

Obama and the other idiots on the left do not really want to fix our economy, balance the budget, fix the housing market, or lower gas prices. They don’t want to cut the spending of the government, or actually fix the problems we’re currently faced with. In fact, they want just the opposite. Obama wants nothing more than to keep the size of our government exploding, while making sure that as many people as possible are dependent on the government, which will in turn keep our nation’s economy in a tailspin.

Now Obama says that he will veto the new GOP legislation designed to “cut, cap and balance” spending and the budget.
At least Republicans are coming up with plans to try and fix things. All the job-killing Democrats can do is attack the right’s plan, without any real plan of their own, other than “Tax the rich”.

Even if the brain-dead liberals took every penny made by the upper level rich people, it would still not even make a dent in the debt because the Democrats won’t stop spending …

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