Another HUGE failure for Obama. And he wants MORE money? Get a clue!
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.
In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.
The Viking wrote: Another HUGE failure for Obama. And he wants MORE money? Get a clue!
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.
In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.
You forgot to mention this fact... "Matt Anderson, a spokesman for the Treasury Department, said, "Both TARP and the auto industry rescue are still on track to cost a fraction of what was originally expected during the dark days of the financial crisis." I love this... it's like saying we got screwed, but for a fraction of the amount we expected to get screwed for. Of course, we are suppose to be stupid enough to listen to this and say "Whew... almost bit the bullet on that one... wow" and then genuflect to Messiah Obama.
The Viking wrote: Another HUGE failure for Obama. And he wants MORE money? Get a clue!
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.
In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.
You forgot to mention this fact... "Matt Anderson, a spokesman for the Treasury Department, said, "Both TARP and the auto industry rescue are still on track to cost a fraction of what was originally expected during the dark days of the financial crisis." I love this... it's like saying we got screwed, but for a fraction of the amount we expected to get screwed for. Of course, we are suppose to be stupid enough to listen to this and say "Whew... almost bit the bullet on that one... wow" and then genuflect to Messiah Obama.
Yeah just like Pelosi coming out and saying that we MIGHT have been at 15% had they not done the stimulus package. Made up numbers like jobs saved mean nothing to most educated Americans.
