Would he concede this is a good faith effort to try to keep state employees hired?

WHITEHOUSE: Press Briefing

"I want to try to be successful in the America's Cup, and this is a good opportunity, " he said.

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Giving players the ability to try before you buy is always a good thing, but in this case especially, because the game has such an unusual flavor, it could provide vital information.

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And so that is one of the reasons why it was so important to look at General Motors and say, this company really matters, and if its stakeholders are prepared to do the tough stuff, then it is a good investment to try to help them.

WHITEHOUSE: Press Briefing