16 October 2012

He looks you right in the face...

...and he lies...

“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,” Obama said in Miami.

According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.

CBO reported that as of now $65 billion in TARP funds remain outstanding.
It gets better.

Yet another of Obama's green projects dies a horrible, expensive death...
In 2010, President Barack Obama invited the CEO of A123 to the Rose Garden to tout the impact of green jobs and he said the company would add more than 3,000 jobs by the end of 2012.

Founded in 2001, A123 has lost about $600 million since 2008 and its stock price has fallen more than 90 percent over its 52-week high amid questions that it would run out of cash.
How many more of these Solyndra-like disasters are waiting in the wings?

RELATED: Ah, yes... the debate
"Well, the teleprompterless Obama is supposed to 'come out swinging' tonight. Every third word is supposed to be BainBainBain! as Obama seeks to exploit the gap between the haves and have-nots. As a lifelong have-notter, I'll be eagerly anticipating all of the reasons why rich people should immediately be liquidated - I mean, their estates should be liquidated and distributed among us 350 million poor people so that we may all be $4.51 richer. I'm planning on spending my new-found wealth on a McDonald's hamburger."
Of course, it's a little discouraging to realise that the most politically-informed voters will have the least impact...
"While most would, at first glance, write this off as gossip, it's the latest instance of an evolving trend that jeopardizes President Obama's chance at winning the White House."

"Lohan, by all accounts, is a typical low-information voter. And low information voters, like it or not, will decide this election."
What a screwed up world.


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