Skip to comments.Alert! GM Lies in New Ad on Its Repayment of Bailout Money
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 ...
.....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.
GM did not repay a dime to the federal government because it is run by the federal government!
“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!
GM sent me a special e-mail to tell me the lie. I fired back at them hard.
I was wondering how GM could suddenly pay billions back.
GM? Not in MY driveway...ever.
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!
“GM? Not in MY driveway...ever.”
Yeah, I guess I’m abandoning my vague dreams of a Corvette...
There are still PLENTY of classic Corvettes floating around out there from the pre-Obama GM days... :-)
Mrs. jimfree earlier craved a Saturn Sky. Now the target is a Mustang convertible.
During times of universal deceit, telling the truth becomes a revolutionary act.
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.
Who would’ve thought ?
The General practices the Big Lie technique.
Always good to start the morning with a smile. Your post is very entertaining. Thank you.
CONSUMER GROUPS SHOULD FILE SUIT TODAY!
Corvette will survive... GM will not. Toyota will buy the plant in Kentucky.
I’d stll go for a ‘66 427 convertible. The blue metalic I think. GM was paid for it long ago.
Uh oh, you're on "the list"......
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.
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