Barney Frank: Gov’t Lost Money on Obama’s Auto Bailout While Bush’s Bank Bailout Earned

‘We got all the money back plus $32 billion’

Barney Frank: We Lost Money on Obama's Auto Bailout But Made Money on Bush's Bank Bailout (Newsbusters)

Most of America’s media think President Obama's 2009 bailout of General Motors and Chrysler was a huge success.

Former Massachusetts Democratic Congressman Barney Frank threw cold water on this meme on NBC’s Meet the Press Sunday correctly informing viewers that the auto bailout lost money for the federal government. By contrast, we made money from George W. Bush's 2008 bank bailout.

 

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