President Obama told a Chrysler plant in Toledo, Ohio, today: “Chrysler has repaid every dime and more of what it owes the American taxpayer from the investment we made during my watch.” That is just not true. Here is the math.

Chrysler received the following loans from the federal government:

January 2009: Chrysler receives $4 billion loan from TARP

January 2009: Chrysler financial receives $1.5 billion from the Treasury Department

May 2009: Chrysler receives a $1.9 billion debtor in possession loan from the Treasury Department

June 2009: Chrysler receives a $6.6 billion loan from the Treasury Department

Total loaned to Chrysler: $14 billion