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FactChecking the GOP Response
Last edited by dadoprso; 01-28-2011 at 06:36 AM.. |
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| 01-28-2011, 06:17 AM | |
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the bailout cost IS $700 B....the net cost they mention is an ESTIMATE...the only thing we know for a fact is that we dished out $700B..and I doubt we will see any large portion of it back....I just dont see AIG being able to repay the $100B+ we have sunk into them...ditto with the car companies..and who knows what else...
and just to illustrate their bias, read factcheck's "fact check" of Obama's speech [factcheck.org]...this quote should tell you all you need to know:
Holy whitewash Batman!!!compare that to what they had to say about the GOP response, already quoted above: "wrong", "false", etc etc. really, their bias is to be expected...they are funded by liberals, by a liberal Annenberg Foundation, on which Obama was a board member, along with the terrorist Bill Ayres [deathby1000papercuts.com]....how much 'unbias' can you expect with those credentials?? not much
Last edited by Radeck; 01-28-2011 at 06:54 AM.. ![]() The American people will never knowingly adopt socialism.But under the name of 'liberalism',they will adopt every fragment of the socialist program,until one day America will be a socialist nation,without knowing how it happened - Norman Thomas,6-time presidential candidate for the Socialist Party of America The federal government has taken too much tax money from the people,too much authority from the States,and too much liberty with the Constitution - R. Reagan |
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Regarding the AIG numbers--remember, those TARP funds incurred significant interest/preferred dividends--so even if we don't collect 100% of what was funded, the income from the other $$ that was funded can make up for the losses.
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http://www.usfederalbailout.com/program_details |
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The site does well to include what we are on the hook for with Freddie and Fannie as well, up to $6T+ |
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