because he expected the tax payers to lose much more. and he kept the unions happy.
“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.”
From The Detroit News: http://www.detroitnews.com/article/20120813/AUTO01/208130392#ixzz24123vaYe
Unfortunately, he’s so pleased with it he wants to continue buying up other industries.
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