Over at Campaign Trail Report I noted how Barry wants to do replicate his success with the auto bailout in every sector of the American economy:
I noted there how it wasn’t so much a bailout for the company as it was a bailout for the unions.
Here, I’ll note how much it wasn’t a success as it was a crap sammich:
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.
The report may still underestimate the losses.
Being a complete incompetent in one arean of business isn’t good enough for our President. No siree! He wants to be a complete failure in every square inch of the private sector.
And there are people out there who still chant, “Yes We Can” and “Four More Years.”