Quote:
Originally Posted by **********
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The automakers never paid anything back.
The govt. took stock from the company in return for the bailout and then sold the stock over time to recover money.
The "bailout" was really the federal govt. theoretically taking taxpayer money (but actually just printing money because we are so far in debt) and buying stock in the automakers.
Also...if you read that link you posted to politifact (which I'm guessing that you didn't as usual)...you will see that the auto bailout began under Bush and continued under Obama.
So Obama (as usual) cooked the books and is only counting the amount that the federal govt. gave the auto makers under his watch.
The FACT is that when you count the ENTIRE auto bailout...the feds lost several billion dollars.
Try reading the article you linked to instead of just the headline.