Govt to lose $14B of auto bailout funds

The Boston Globe reports:

The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.

In a report from the president's National Economic Council, officials said that figure is down from the 60 percent the Treasury Department originally estimated the government would lose following its $80 billion bailout of Chrysler and General Motors in 2009.

Just think, looting the taxpayers for inefficient car makers is called a success by democratic socialists!