Monday, August 13, 2012


So Obama wants to shine the magic he presided over the auto bailout to other industries.

 If we had an honest media, he wouldn't be bragging about that now..........  

The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast. 

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update. 


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