I figured this guy was so pot-committed by the river that he almost couldn't fold, but apparently he didn't think so. Should I have raised less on the river? He only had $70 left at that point.

PokerStars Game #2042612262: Hold'em No Limit ($1/$2) - 2005/07/06 - 01:42:22 (ET)
Table 'Etheridgea' Seat #4 is the button
Seat 1: jga1635 ($187.85 in chips)
Seat 2: Lotsa Leaks ($195 in chips)
Seat 3: dsaxton ($209.40 in chips)
Seat 4: mcontard ($75 in chips)
Seat 5: moneymkr68 ($147.20 in chips)
Seat 7: pablohoto ($200 in chips)
Seat 8: SpaceMonkey3 ($183 in chips)
Seat 9: igotabeergut ($77.75 in chips)
moneymkr68: posts small blind $1
pablohoto: posts big blind $2
*** HOLE CARDS ***
Dealt to dsaxton [8h 8d]
SpaceMonkey3: folds
igotabeergut: folds
jga1635: raises $2 to $4
Lotsa Leaks: calls $4
dsaxton: calls $4
mcontard: folds
moneymkr68: calls $3
pablohoto: folds
*** FLOP *** [2c Ad 8s]
moneymkr68: checks
jga1635: bets $8
Lotsa Leaks: folds
dsaxton: raises $8 to $16
moneymkr68: folds
jga1635: raises $16 to $32
dsaxton: calls $16
*** TURN *** [2c Ad 8s] [2s]
jga1635: bets $24
dsaxton: raises $24 to $48
jga1635: calls $24
*** RIVER *** [2c Ad 8s 2s] [3c]
jga1635: bets $32
dsaxton: raises $93.40 to $125.40 and is all-in
jga1635: folds
dsaxton collected $239 from pot
dsaxton: doesn't show hand
*** SUMMARY ***
Total pot $242 | Rake $3
Board [2c Ad 8s 2s 3c]
Seat 1: jga1635 folded on the River
Seat 2: Lotsa Leaks folded on the Flop
Seat 3: dsaxton collected ($239)
Seat 4: mcontard (button) folded before Flop (didn't bet)
Seat 5: moneymkr68 (small blind) folded on the Flop
Seat 7: pablohoto (big blind) folded before Flop
Seat 8: SpaceMonkey3 folded before Flop (didn't bet)
Seat 9: igotabeergut folded before Flop (didn't bet)