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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
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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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