FactCheck.org covers President Obama when he said Chrysler Paid in Full?. "Notice the president — sounding very much like a used-car salesman — used the phrases "during my watch" and "under my watch" when describing the TARP loans as being "completely repaid." That's because Chrysler received $4 billion on Jan. 2, 2009, (18 days before Obama took office) and $8.5 billion on April 30 (when Obama was president), according to this Government Accountability Office report (page 9) on TARP. The Obama administration claims that its investment in Chrysler has been "completely repaid" because the $10.6 billion repaid is larger than the $8.5 billion loan the company received while Obama was in office. "
Sigh, he really shouldn't resort to this crap. Saying they repaid 85% wouldn't have been good enough?
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