Video: Obama in ’08 promising “every penny” of TARP would go back to taxpayers
posted at 9:30 am on December 24, 2009 by Ed Morrissey
Breitbart TV and Naked Emperor News captures the expiration date of another Barack Obama pledge, this time on the repayment of TARP funds. In October 2008, then-Senator Obama promised that TARP funds wouldn’t just disappear, but that “every penny” would get returned to the taxpayers. He didn’t want to give President Bush a “blank check.” However, fourteen months later, Obama didn’t mind inheriting one (via Newsalert):
Once government starts confiscating funds, it doesn’t return them unless forced to do so. What’s laughable about this is not so much the reversal on repayment — did anyone really expect the government to honor its word? — but the description of TARP by Obama. It was nothing but free money to the banks (well, almost free) and a blank check for the White House. And when Obama took office, he made it even more so rather than fixing the problem.
Blowback
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You. LIE.
conservative pilgrim on December 24, 2009 at 9:32 AM
It’s amazing to me how much contempt these people have for the American people. The reason America is in trouble in the future is Washington DC. This is a great country, but DC is not why. It is a great country in spite of DC. Merry Christmas.
ThackerAgency on December 24, 2009 at 9:33 AM
That old promise? That expired months ago.
applebutter on December 24, 2009 at 9:34 AM
He abandons his promises faster than his sperm donor abandoned him and his mother!
SouthernGent on December 24, 2009 at 9:34 AM
At least we know our destination.
Detroit.
Or is it Pyongyang?
artist on December 24, 2009 at 9:34 AM
wow, a liberal lied about money. stop the presses.
jbh45 on December 24, 2009 at 9:35 AM
Community organizers say whatever it takes, especially when media covers for them.
petefrt on December 24, 2009 at 9:35 AM
Lie? This goes beyond lying. The truth begins and ends with Obama. We are in a whole new era of truth. It has a 24 hour expiration date and today’s truth will not be tomorrow’s. He really is a god.
ORconservative on December 24, 2009 at 9:35 AM
That was just a hedge in case he lost the election.
BPD on December 24, 2009 at 9:36 AM
President has selective memory.
yoda on December 24, 2009 at 9:36 AM
Oceania has always been at war with Eastasia.
Wethal on December 24, 2009 at 9:37 AM
Orwellian.
fossten on December 24, 2009 at 9:37 AM
I just don’t get it. Why is this traitor still in office and the enemy party still in power? Why am I the only one that seems to be upset about these things? Why is GOP leadership still being nice to this third-world street thug and the criminals who are destroying this nation?
I honestly do not understand how the bastard has managed to get away with all this crap without the “little people” showing up en masse with pitchforks and torches.
highhopes on December 24, 2009 at 9:37 AM
The only silver lining I can see is that a lot of people that voted for this pig wish they could turn the clock back to Oct 08.
elduende on December 24, 2009 at 9:40 AM
My Dad was talking to some mamanement level employee at a bank. That employee told one story how bank A was given TARP money plus a little extra to ensure “success” to buy bank B.
Thanks liberalism. Thanks big government.
WashJeff on December 24, 2009 at 9:40 AM
I can’t decide if Obama is more like Pol Pot or Mugabe.
Cybergeezer on December 24, 2009 at 9:41 AM
I am shocked to find Obama is a LIAR.
tarpon on December 24, 2009 at 9:41 AM
Wile E Coyote
thomasaur on December 24, 2009 at 9:43 AM
Has an scientest ever study how liberals remain trustful of big government when there are overwhelming number of examples of fraud, abuse, and lies produced by big government regardless of which party is at the helm?
There must be some nuero-pathways that are damaged.
WashJeff on December 24, 2009 at 9:43 AM
What I find amazing is that anyone actually believed this guy from the start. I remember crowds of people chanting change we can believe in and all that stuff, but, I never thought they actually beleived him. Wow do they look stupid now.
Johnnyreb on December 24, 2009 at 9:45 AM
Yeah, right, after being filtered through the pockets of our senators.
Kissmygrits on December 24, 2009 at 9:48 AM
Hey, up there on the podium……. you….. yeah, you….. the one surrounded on all sides by the TelePrompTers…… hey pay attention you Constitution-usurping, armed-revolution-fomenting, Marxist Dictator In Training Pants……..
How long do we have to wait before you apologize for yourself ?
E T Cartman on December 24, 2009 at 9:48 AM
Leave Barack alone, you racists!
Bruce in NH on December 24, 2009 at 9:49 AM
But if those involved don`t think its a lie and no one makes them accountable for the lie, is it a lie?
To Obama perhaps lying is a new form of leadership.
Example: He believes that path Z is the way to go on a program.
But the public thinks path A is the way to go.
Obama “knows” Path A is the wrong way; but in order to get the people to back him he agrees to do Path A.
But, using his “leadership”, he instead does Path Z; announcing it is the better way.
The only grumbling heard is from bloggers and comments to to the blogs. Obama does not have to worry about the press or any other group holding him accountable for his lie.
albill on December 24, 2009 at 9:49 AM
Nebraska got some back.
Ronnie on December 24, 2009 at 9:49 AM
The issue here is NOT the President’s memory but OUR’s!
Democrats hold Americans as a group in cynical contempt because it’s our memory that fails, not theirs. If they can take Nicolo Machiavelli’s advice and do their worst early in their reign, the people will forget by the time the next decision point comes along. We’ll count up our 30 pieces of silver and vote again for the kleptocrat that robbed our neighbors to get it for us.
Americans as a group have been bought off too many times before. Democrats know that we’ll sell our freedom for a little more security, and then whistle on down the road paying lip service to the corpse that once was America every 4th of July.
No, the problem isn’t Obama or any other “Rock Star” celebrity politician; it’s the Americans – us! If we don’t stand up and have the courage to be a free people, then we don’t DESERVE anything better.
Lew on December 24, 2009 at 9:50 AM
Hell, TARP hasn’t even bought the “troubled assets” for which it was supposed to be the “relief program.” Why should we believe the lying SOB when he says TARP will go back to us?
Sekhmet on December 24, 2009 at 9:52 AM
I think there have been studies of the how and why of brainwashing.
These people are pathetic creatures, but after several decades of dumbing down of educational standards by mentally ill liberals, its not really surprising.
Itchee Dryback on December 24, 2009 at 9:54 AM
YOU LIED!
NoFanofLibs on December 24, 2009 at 9:54 AM
I love your user name! :)
ladyingray on December 24, 2009 at 9:54 AM
Comrade Obama needs that money to destroy opposition to redistributing the wealth of business and working people you silly people. Get with the program.
Your friend in Communism,
Comrade crr6
darwin on December 24, 2009 at 9:56 AM
This guy makes me pine for the days of Bill Clinton. At least when he lied, he really didn’t expect you to believe him nearly as much as this clown.
Clinton also seems practically conservative in comparison, although that was partially (mostly?) because he was tied down by a Republican Congress that hadn’t yet decided to get extra spendy.
Red Cloud on December 24, 2009 at 9:57 AM
What everyone forgets is ‘telling the truth and keeping one’s word” are not admired traits where obama comes from…the gangsta world of Chicago glorifies the opposite…it’s cool to put one over on the homies…and that is all he is a Chicago gangsta…with a deep voice.
winston on December 24, 2009 at 9:57 AM
BTW, how apropo is that picture? Both of the outright socialists from the Senate of the 110th Congress!
Red Cloud on December 24, 2009 at 9:58 AM
This maggot POS lied on the election trail but is now telling the truth. Does that clear everything up now?
royzer on December 24, 2009 at 9:59 AM
We are standing up … the problem is they’re ignoring us.
Resistance is one step at a time. We must exhaust each step before we move onto the next one.
darwin on December 24, 2009 at 9:59 AM
Ben Nelson was a troubled asset.
Ronnie on December 24, 2009 at 10:00 AM
OT: Can someone explain why this a**hole and his family are jetting out of DC to Hawaii at our expense for the holidays? He hasn’t lived there in years. I thought his hometown was Chicago.
Sorry, I just continue to believe he doesn’t connect with the heart of this country.
BuckeyeSam on December 24, 2009 at 10:00 AM
The idiot is on his way to Hawaii for Christmas vacation? Does he not have any friends or relatives in his thug state Illinois that loves him?
royzer on December 24, 2009 at 10:03 AM
I hope someone is saving these political achieves as the MSM will destroy all they can as time goes on. Its what they do rewrite the facts. Evil begets evil.
bluegrass on December 24, 2009 at 10:03 AM
He meant “every penny” of the bill right…?
ted c on December 24, 2009 at 10:07 AM
I see they also managed to raise the debt deiling again before they left. Guess its time to open the books now and see if the Chinese are stupid enough to loan us MORE that we can not pay or if Bambi cranks up the printing presses again.
bluegrass on December 24, 2009 at 10:07 AM
All of them are in jail or the White House.
Dire Straits on December 24, 2009 at 10:07 AM
I have milk in my fridge that lasts longer than one of Obama’s promises.
There is a war in this country to redefine the truth. The liberals in Congress and the the media have formed a shell around Obama to protect him from the public discovering his outrageous lies. Truth to him is like sunlight to a vampire. They have no choice but to go all in on this guy as they have tied their future to him. When he goes down they all go down and they know it.
As far as the culture war goes, this is Stalingrad.
NeoKong on December 24, 2009 at 10:09 AM
Technically, they should have done it before now but Harry didn’t want governing to get in the way of grabbing. To have not raised the limit would have meant that all Congress would have to come back and figure out how to finance all this stuff. The last thing DC needs is all these criminals in town for another month.
highhopes on December 24, 2009 at 10:10 AM
I hope the RNC has kept a copy of all of these videos. Broken promises-compliments of the president would be a great reminder 2010 & 2012. I suggest they get on this now and start using these against the encumbent Dems who have supported this president lock step and remind the voters that these Democrats have supported a president who has consistently lied to America and broken his word with the citizens. Make Obama and the dems eat their unwavering unquestioning support of this president while they steal power,freedom, and rights. May it hang like the chains of Jacob Marley.
canditaylor68 on December 24, 2009 at 10:12 AM
This is the final result of the 24 hr. news cycle. Every thing from yesterday, is washed away by the news media, and we begin the new day, with a fresh clean Obama.
No scandal or misstep in this administration lasts but 24 hrs. Behold, as from Jan. 20th, 2009, steps the President of the United States. Ready to do ” hope and change ” to the American people all over again.
Good lord! Groundhog Day rewind.
donh525 on December 24, 2009 at 10:28 AM
Well he did say tax payers should be “treated like investors“.
forest on December 24, 2009 at 10:36 AM
Obama is beginning to show cracks. It’s pretty obvious. At some point he’s going to have to stop sending out Rahm and Davie to do his dirty work and start doing it himself. The House and especially the Senate are starting to make him and his Party look very, very bad. At some point the polls are going to drag him down to the level of those on the hill. It’s started already. The nibbles and bites of ethical lapse so openly and unapologetically demonstrated by Harry Reid will, if they have not already, come to rest on Obama. I await with mixed glee.
jeanie on December 24, 2009 at 10:36 AM
We need to quit electing people that don’t have honesty as one of their basic values. Most people, even those that lie, feel guilty about it. It is obvious that Obama sees nothing wrong with lying, I’m sure he feels no remorse over this.
zmdavid on December 24, 2009 at 10:37 AM
If the whole story of the financial meltdown from 2006-2008 ever gets told, there will be arguments as to whether the book belongs in the fiction aisle, because people won’t believe it. I know a big chunk of it, but not all of it.
Glad to see Wells Fargo saying FU to Obama and repaying its TARP loan, which it never needed to begin with. Now we might actually see some economic recovery beginning as these banks get out from under the government’s thumb and start taking some risks again.
rockmom on December 24, 2009 at 10:38 AM
The RNC should spend whatever it takes to run these ads nonstop the day before, day of, and day after the State of the Union address.
rockmom on December 24, 2009 at 10:39 AM
Also, maybe it’s me, but the last few times I have seen Michelle Obama on TV, I thought her usual big grin seemed a little forced and her heart not in it. But, maybe that’s just wishful thinking on my part. Things not going as planned?
jeanie on December 24, 2009 at 10:43 AM
You’re not the only one who thinks this way, though I fear there aren’t as many of us as there should be.
Yesterday, some HA commenters were slappin’ me around for being so “negative” and “depressing” when I suggested that a) we had been royally screwed, b) that the steaming pile of dung the traitors call “health care” was going to pass, and c)the White House and halls of congress are currently filled with America-hating criminals who should be removed from their positions, indicted and tried for a variety of illegal acts, including the violation of their oaths of office.
It’s different today. I’ve read dozens — hundreds? — of comments suggesting that the outrage is settling in at last.
Perhaps the true picture of Osama Obama is finally sinking in. You would think it wouldn’t take three years of lies, evasions, and anti-American acts and rhetoric to get the point across, but better late than never.
We can still save the nation. It’s harder now, and may get ugly. But it can be done.
MrScribbler on December 24, 2009 at 10:43 AM
This banker also mentioned how they have been requiring 40% dow for home loans. Canceling lines of credits for business. NOt renewing building loans after the term (e.g., 5 year balloon loan) expire [I have one of those loans on a building in Chicago]. Not giving loans to build new buildings…they may give you a loan when the building is done.
But the banks are loaning money…to the government. If Obama wants the banks to loan money to business, he would slash the deficit, thus reducing the creation of bonds. The bank would have little alternative than to loan to business to make their money work.
WashJeff on December 24, 2009 at 10:44 AM
I agree with you completely. That story has never, been told completely and almost never in the MSM. I do not take any papers anymore. I gave up on my local one last year when all we got were puff pieces about Obama. McCain never stood up and fought as he said he would do. I just had a feeling that he wouldn’t do it, but Sarah would have. I had very little knowledge as to what they meant by corruption. I suspected it, but when I saw the Democrats scooping out money for relatives out of the TARP bill, a light went on. I only know surface things like you said. It is probably rotten to the core. I am assuming nothing good goes on in DC anymore. That can of worms needs to be opened up and the stench let out forever. It’s time to demand it.
BetseyRoss on December 24, 2009 at 10:48 AM
If the RNC would actually commit to doing this, they might get people like me, to donate to them. Right now, their pleas for donations go in the wastebasket.
One would think, judging by comments on this blog, that the RNC doesn’t have a lot of extra cash right now.
Their past ineptitude is appalling!
donh525 on December 24, 2009 at 10:49 AM
You and Highhopes have always exemplified my way of thinking on this present situation.
Would we call it “a tea party state of mind”?
donh525 on December 24, 2009 at 10:55 AM
And right about now His Majesty is jetting half-way around the world to vacation in Hawaii. Isn’t it comforting to know that several million more of YOUR dollars are being spent to jet the rock star and his family everywhere in the world, while you sit at home and wonder how you’re going to make next months mortgage payment?
Next month he’ll preach the “deficit reduction emergency” speech.
GoldenEagle4444 on December 24, 2009 at 10:56 AM
I would splice video of all of the expired promises into one video message and have to broadcast AFTER The One’s SOTU speech as the GOP response.
PackerBronco on December 24, 2009 at 10:56 AM
Another day, another bold faced LIE! Does anyone believe a damned thing Barry says anymore?
GarandFan on December 24, 2009 at 11:09 AM
‘jetting half way around the world’ Well now, doesn’t he need a vacation. Look how actively and directly involved he was in passing Obama care. Why he sat in the oval office(he doesn’t seem to spend much time there) and paced and ‘supervised’ while Rahm and his minions phone called, cajoled, bribed, blackmailed and promised and connived. I mean, that’s tiring work not to mention the effort it takes to remain above the fray and maintain the image. Poor Barack!
jeanie on December 24, 2009 at 11:19 AM
I agree, but would add that the biggest reason America is in trouble is because DC does not fear the American people.
HadithHarry on December 24, 2009 at 11:25 AM
That’s the problem when you’re just reading “words, just words” off a teleprompter which someone else probably wrote. It’s hard to remember what you said because it wasn’t sincere
OxyCon on December 24, 2009 at 11:27 AM
Obama made that speech not once, but at least twice. Once on the campaign trail and then on the Senate floor (virtually word for word)……
kringeesmom on December 24, 2009 at 11:27 AM
It’s coming.
chemman on December 24, 2009 at 11:30 AM
Worse still is all non-essential air traffic is grounded for the duration of his visit. This right in the middle of their busiest tourist time of the year.
chemman on December 24, 2009 at 11:34 AM
I find myself recalling Cindy M’s comment “Don’t they realize we can see and hear them?”(sorry if I mangled it Cindy). I don’t figure what makes them tick either? They are a strange, somewhat insane lot. What on earth drives them to make such asses of themselves!!
jeanie on December 24, 2009 at 11:36 AM
I’m shocked by this lie. I mean….Obama is such an upstanding, honest, transparent, noble, truthful being, that just reeks of integrity. NOT!!!!!!!!!!
capejasmine on December 24, 2009 at 11:40 AM
I’ve seen longer expiration dates on a gallon of milk…
Kafir on December 24, 2009 at 11:41 AM
He Lied, his lips were moving and he is a politician…but I repeat myself.
JIMV on December 24, 2009 at 11:46 AM
highhopes on December 24, 2009 at 9:37 AM
There are many of us out there doing something as with the Patriots Corner Club challenging Americans from our Freedom Corners to Stand up for Freedom or the Sheepdogs in Southern Chester County, PA ding the same. But the vast majortiy sit on their couches and yell at their TVs. Highhopes, do you go out and picket your senators’ or rep’s offices if they are following the socialist path. I see a lot of complaining on the Web, but little calls to follow what one is actually DOING. Leadership does not have to come from the top.
All that is necessary for the triumph of evil is that good men do nothing; and there are many good men and women doing nothing! One night a week standing on a busy corner for two hours with a sign calling for people to Stand Up For Freedom doesn’t require much sacrifice; certainly not the sacrifice our men and women face in Afghanistan and other places defending our freedom.
amr on December 24, 2009 at 11:59 AM
How can we expect the Republic to survive when we allow our elected officials to defraud us like this?
petefrt on December 24, 2009 at 12:02 PM
We can’t expect it, frankly.
Midas on December 24, 2009 at 12:09 PM
Does anybody believe this SOB? How can the media ignore these things?
PattyJ on December 24, 2009 at 12:15 PM
I would vote for the worst Repub long before I will ever vote for a Democrat again in life. I would prefer Independent candidates on all levels, including local. I have NEVER seen so much corruption and lies in all my life, most of it as a Democrat, as I have seen with this Congress and Pres. What the hell were people thinking when they let this bunch of sharks into the pool?
elclynn on December 24, 2009 at 1:08 PM
YOU LIE!
evergreen on December 24, 2009 at 3:59 PM
I want to wish you, Allahpundit, and Michelle a wonderful holiday season.
Alana on December 24, 2009 at 5:44 PM
Say it with me: One term and flush them all back to their Chicago cesspool!
shov74 on December 24, 2009 at 6:00 PM
It’s such a shame that Obama and the rest of the Democrats have HotAir to go back and remind all of us of the expanding string of lies and false promises that have come from the Left!
ToddonCapeCod on December 24, 2009 at 6:31 PM
Some of us never believed it in the first place… And couldn’t believe that the rest of the country was falling for it hook, line and sinker…
We must vote them out of office at first opportunity, starting with the primaries if possible; losing their personal and majority power is the ONLY THING they understand…
Khun Joe on December 25, 2009 at 8:13 AM
As usual another lie that unfortunately for U.S. came true.
Let U.S. keep our promise and turn out at the poles to insure a brighter future for U.S. and our allies around the World.
MSGTAS on December 25, 2009 at 9:36 AM
HISTORIC…..UNPRECEDENTED!!!!
A politician lied on Capitol Hill?
STOP THE PRESSES!!!!
PappyD61 on December 25, 2009 at 8:00 PM
thomasaur on December 24, 2009 at 9:43 AM
You forgot another possible mentor of President Obama, “Baby Doc”
MSGTAS on December 27, 2009 at 9:05 AM