That's kind of a trick question. He uses just one lie, but repeats it six times.
"The American people are tired of runaway federal spending, borrowing and bailouts. The legislation being considered by the Senate, which passed the House, is nothing but a permanent bailout and House Republicans are determined to oppose it. Last week, some Democrats said there wasn't a permanent bailout in this bill. Other Democrats, by the end of the week, said there was a permanent bailout fund in the bill. This may be one of those instances where the left hand doesn't know what the left hand is doing.
"The truth is, the American people are not deceived here. They see that what's being passed under the cloak of financial services reform is nothing more than making permanent the Wall Street bailouts that passed, a year and a half ago, in the form of the TARP. House Republicans are determined to bring about financial services reform that begins with ending the era of bailouts. Through bankruptcy code reform and others, protecting consumers without putting taxpayers on a permanent hook for financial institutions who act in a financially irresponsible way."
Mr. Pence needs to listen to his Republican colleague on the other side of the Hill, Bob Corker, when he says "this fund that’s been set up is anything but a bailout." Or he could read PolitiFact (which, given that it has the word "Fact" in its name does make that unlikely) which ruled the bailout claim "false."
In ruling on McConnell's statement, that financial reform "actually guarantees future bailouts of Wall Street banks," we base our ruling primarily on the legislation. It clearly states that the intention is to liquidate failing companies, not bail them out. To do that, it creates a fund with contributions from financial firms, not from taxpayer funds. We do not see any element of the bill that expressly permits ongoing, "endless" outlays from the federal treasury. Is it possible that liquidation may cost the government money, potentially more money than is allowed for in the bill? Yes. But even so, McConnell is using seriously overheated rhetoric. Nothing in the bill "guarantees" future bailouts of Wall Street banks. We rate his statement False.
We know that once these guys get their hands on a Luntz script, they have a hard time wavering from it. Even, or maybe especially, when it's a lie.