Mr. President—How could you lie to Whoopi Goldberg? And the rest of us too…In 2010 President Obama appeared on The View and promised we would get all of our money back from the auto bailout.
Today Treasury Secretary Jack Lew announced:
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
The Treasury Department sold its final shares of the Detroit auto giant Monday, recovering $39 billion of the $49.5 billion it spent to save the dying automaker at the height of the financial crisis five years ago.
Now watch the President lie to the ladies of The View: