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Alert! GM Lies in New Ad on Its Repayment of Bailout Money
Conservative Examiner ^ | 4/23/2010 | Anthony G. Martin

Posted on 04/23/2010 3:14:57 AM PDT by Welshman007

The ads are running at least once per hour on all of the major network, cable, and satellite TV outlets. General Motors claims it has repaid its bailout from the taxpayers in full.

Only one big problem stands in the way of this grand announcement being taken seriously. It is simply not true.

Through a deft sleight of hand technique, the automaker used taxpayer bailout funds it had stored in a separate account to repay its loan from the taxpayers. Simply put, GM used bailout money to pay back bailout money, and then claimed it had 'repaid its loan from the federal government.'

When the ad first began running it was obvious to those who had followed the news concerning GM that something was amiss. General Motors still has not turned a profit. Sales are still in decline compared to other automakers such as Ford, Honda, and even the beleaguered Toyota.

Thus, the ad begged the question, how on earth did GM, which is still reeling from massive losses, repay in full all of its taxpayer funded loans?

(Excerpt) Read more at examiner.com ...


TOPICS: Government; Politics
KEYWORDS: bhofail; gmbailout; governmentcorruption; governmentfraud

1 posted on 04/23/2010 3:14:57 AM PDT by Welshman007
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To: Welshman007

.....Odumbo told them to lie, because the truth doesn’t fit the agenda....of course when you have government flunkies running things,getting the truth is difficult.


2 posted on 04/23/2010 3:20:44 AM PDT by Doogle (IT'S THAT TIME AGAIN....PLEASE donate, because it's the RIGHT thing to do)
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To: Welshman007

GM did not repay a dime to the federal government because it is run by the federal government!


3 posted on 04/23/2010 3:34:52 AM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: Welshman007
Repaid ahead of schedule with interest yet! But wait, there's more behind the Sham Wow curtain! Tell’em Vince!

“We even have a few million left over for ads. How cool is that? Listen, folks, there's more. You pay for two cars and we'll throw in one. That's two for one, wadda ya want? O.k., we'll make three for one but that's it!! and you thought you'd never own a hundred thousand dollar car.
Now get in that Tarpmobile and enjoy life.”

Sham and Wow!

4 posted on 04/23/2010 3:38:15 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: Welshman007

GM sent me a special e-mail to tell me the lie. I fired back at them hard.


5 posted on 04/23/2010 3:45:01 AM PDT by bmwcyle (Free the Navy Seals)
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To: Welshman007

I was wondering how GM could suddenly pay billions back.


6 posted on 04/23/2010 3:59:17 AM PDT by Maelstorm (Some want to enslave your body others your soul.)
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To: Welshman007

GM? Not in MY driveway...ever.


7 posted on 04/23/2010 4:00:10 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: bmwcyle

So did I. And when word gets out about all the leaking heads on the 5.3 truck motors I hope it does them in!


8 posted on 04/23/2010 4:01:50 AM PDT by snuffy smiff (imagine if the GOP grew a brain-and threw all RINOs OUT! But that would also require a spine *sigh*)
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To: who knows what evil?

“GM? Not in MY driveway...ever.”

Yeah, I guess I’m abandoning my vague dreams of a Corvette...


9 posted on 04/23/2010 4:08:04 AM PDT by PLMerite (Ride to the sound of the Guns - I'll probably need help.)
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To: PLMerite

There are still PLENTY of classic Corvettes floating around out there from the pre-Obama GM days... :-)


10 posted on 04/23/2010 4:11:55 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: PLMerite
Yeah, I guess I’m abandoning my vague dreams of a Corvette...

Mrs. jimfree earlier craved a Saturn Sky. Now the target is a Mustang convertible.

11 posted on 04/23/2010 4:24:00 AM PDT by jimfree (In 2012 Sarah Palin will continue to have more relevant quality executive experience than B. Obama.)
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To: Welshman007

During times of universal deceit, telling the truth becomes a revolutionary act.

George Orwell


12 posted on 04/23/2010 4:28:26 AM PDT by WLR (Remember 911 Remember 91 Iran delinda est.)
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To: Welshman007

Of course they’re lying.

The company has been nothing but a failure for a while now and only a moron would believe that they managed to pay the money back.


13 posted on 04/23/2010 4:31:14 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Maelstorm

Who would’ve thought ?
The General practices the Big Lie technique.


14 posted on 04/23/2010 4:34:01 AM PDT by Eric in the Ozarks (Impeachment !)
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To: count-your-change

Always good to start the morning with a smile. Your post is very entertaining. Thank you.


15 posted on 04/23/2010 4:37:59 AM PDT by tarpit
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To: Welshman007

CONSUMER GROUPS SHOULD FILE SUIT TODAY!

LLS


16 posted on 04/23/2010 4:40:38 AM PDT by LibLieSlayer ( WOLVERINES!)
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To: PLMerite

Corvette will survive... GM will not. Toyota will buy the plant in Kentucky.

LLS


17 posted on 04/23/2010 4:41:56 AM PDT by LibLieSlayer ( WOLVERINES!)
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To: PLMerite

I’d stll go for a ‘66 427 convertible. The blue metalic I think. GM was paid for it long ago.


18 posted on 04/23/2010 4:52:38 AM PDT by AFreeBird
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To: bmwcyle
GM sent me a special e-mail to tell me the lie

Uh oh, you're on "the list"......

19 posted on 04/23/2010 5:09:21 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: who knows what evil?
GM? Not in MY driveway...ever.

Nope, and I won't rent one either. I had to rent a car for a day when we were on a trip to Colorado in February. I refused to rent a GM vehicle from one place because that was all they had. I went elsewhere and I wound up renting a Ford F-150 crew cab from Avis. Very nice truck.

20 posted on 04/23/2010 5:13:46 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AFreeBird

Yup, the tri power 435hp job. Of course it needs 103 octane fuel unfortunately!

That car, dark blue black interior, rag top, with chrome side pipes is my favorite vette. Not sure if the sidepipes were an after market as they were offered only one year I believe as an option.


21 posted on 04/23/2010 5:16:36 AM PDT by Mouton
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To: Maelstorm
I was wondering how GM could suddenly pay billions back.

They still owe 45 Billion.......

22 posted on 04/23/2010 5:18:14 AM PDT by sniper63 (Bang,Bang, Maxwell's Silver hammer........)
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my reminder to read all later


23 posted on 04/23/2010 5:25:41 AM PDT by Gun142 (Where Will You Be When You Get Where You're Going? -- Jerry Clower)
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To: Welshman007

Gummint Motors lies????? How can that be???


24 posted on 04/23/2010 5:35:33 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: Carley

I have been warning my son that if he continues lying, he might end up as President of the United States of America!


25 posted on 04/23/2010 5:51:54 AM PDT by Redleg Duke (RAT Hunting Season started the evening of March 21st, 2010!)
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To: Welshman007

Just another fabrication from the commies.

“You Lie!”


26 posted on 04/23/2010 5:53:04 AM PDT by meyer (It's time...)
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To: Welshman007
Have you seen the new GM commercial? The one with Ed walking around saying how great everything is. Do you get the subliminal message on how GM is trying to distance itself from the obama administration? Watch again...almost all of the “extras” in the background are...white. I saw one black guy walking around in the background. That was it. Take a look at the very end of the commercial. You'd swear that GM was in violation of the EEOC. I'm not sure it will work, but I understand why GM would want to do this.
27 posted on 04/23/2010 5:55:34 AM PDT by ILS21R
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To: Welshman007

It’s still Government Motors, and I’ll not buy another one.


28 posted on 04/23/2010 6:01:57 AM PDT by JimRed (To water the Tree of Liberty is to excise a cancer before it kills us. TERM LIMITS, NOW AND FOREVER!)
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To: Welshman007
So I'm watching the video of the commercial and I see the epitome of the common man, Mr. Ed the Talking CEO, doing his power walk through the friendly confines of a GM building.

Except, the very tall, patrician-looking Mr. Ed the Talking CEO doesn't look at all like the common man.....and he's lying through his perfect set of pearly whites.

It used to be that used-car salesmen were lowest on the totem pole of most trusted people. Who'da thunk that one of their bosses from the ranks of the elite, highly-educated, highly-paid nabobs of automotive commerce and industry, would work his way down to the very nadir of trustability....even below the smooth-talking sales promoters in the grubby cubicles of the auto showrooms.

Well, it looks like the aristocratic Mr. Ed the Talking CEO, in an epic faustian deal, sold his soul to Mr. O'Mephistopheles, and his soul and reputation will forever rot in the netherworld along with those of others who fall for the blandishments or blackmail employed by the Satan in the Oval Office.

Mr. Ed, I wouldn't buy a used car from you if it cost me $10, nor will I buy a new one from you either. I would even bring a taster along if I were invited to tea and a slice of devil's food cake at your private estate.

Leni

29 posted on 04/23/2010 6:25:19 AM PDT by MinuteGal
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To: All

Mephistophelian bump....shiver....((( )))


30 posted on 04/23/2010 6:45:12 AM PDT by MinuteGal
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To: tarpit

This stuff just writes its self.


31 posted on 04/23/2010 7:32:03 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: sniper63

Apparently they did it by slashing their workforce down to 70,000. Government (US and Canada) still owns almost 70% of the company - as you said, about $45 billion. The Canucks still hold an $8 billion stake...the US share $61 billion. The company is losing money though, $3.4 billion in the last quarter of ‘09. The article I got this from shows that the cult of Obama is putting heavy pressure on the company to produce ‘green’ vehicles. Obviously they don’t intend to be a silent partner. I’m all for increasing fuel efficiency to make us less dependent on foreign oil but I’m uncomfortable with it being accomplished by government takeovers and fiat (unintended pun, but I’ll use it). What will happen to choice and innovation?

http://finance.yahoo.com/news/Gas-in-the-tank-GM-repays-81B-apf-1077915316.html?x=0&.v=33


32 posted on 04/23/2010 8:48:36 AM PDT by shadowland
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To: All
Car bumpers....

Leni

33 posted on 04/23/2010 10:11:39 AM PDT by MinuteGal
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