Treasury Ups Losses On Automotive Bailout To Over $25.1 Billion

The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously thought.

Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday.

That is up from the last quarterly estimate of $21.7 billion.

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dlin - 8/14/2012 10:43:39 AM

+3 Boost

This alone justifies 'CHANGE'.

Agent009 - 8/14/2012 1:35:40 PM

+1 Boost

Before it is all over it will end up costing well over $30 Billion.

LexSucks - 8/14/2012 4:30:21 PM

-1 Boost

"This alone justifies 'CHANGE'."

- Change to what? I get it... Let’s go back to 2008 before Obama was elected. Those were such good times. You had the financial meltdown, the housing crisis, the Auto industry was in worse trouble, the Dow was @ 7000.

Is it worse now? All of the crap that I just mentioned happened before Obama even hit the scene. The U.S.A was going to crap long before Obama. I'm not sure how some people can think that getting rid of Obama will return America back to prosperity.

LexSucks - 8/14/2012 4:31:39 PM

-1 Boost

"when Romney wins"

- Funny. Never happen.

Eyecarehawaii - 8/16/2012 8:11:53 PM

+1 Boost

I personally don't blame our President(s). The root causes of our current economic crisis are much more complex. Here's an older but still relevant article to read from a fairly unbiased source.

Who Caused the Economic Crisis? (FactCheck.Org)
http://factcheck.org/2008/10/who-caused-the-economic-crisis/