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Is this what happens when Big Government owns over 50% of a company? They both lie?

G.M. crowed about its loan repayment in a national television ad and the United States Treasury also marked the moment with a press release: “We are encouraged that G.M. has repaid its debt well ahead of schedule and confident that the company is on a strong path to viability,” said Timothy F. Geithner, the Treasury secretary.
Taxpayers are naturally eager for news about bailout repayments. But what neither G.M. nor the Treasury disclosed was that the company simply used other funds held by the Treasury to pay off its original loan.

Answer Question

Asked by Anonymous at 12:01 PM on May. 3, 2010 in Politics & Current Events

Answers (5)
  • Maybe their *boss* told them to say that people would feel more confident about the company and buy more of their product, and thereby funnel more $$ to the *boss*.

    Answer by Anonymous at 12:32 PM on May. 3, 2010

  • Such BS, and people believe those stupid commercials. They used the bailout funds to pay the loan, so GM never actually paid a thing. They still owe $42 BILLION dollars to the US, and BILLIONS more to Canada.

    This kind of crap keeps people thinking the bail-out was a huge success.

    Answer by mancosmomma at 12:55 PM on May. 3, 2010

  • Exactly Mancos!

    Answer by grlygrlz2 at 12:58 PM on May. 3, 2010

  • Guess who funds many, many politicians and their campaigns? Big Business. Guess where many of those businesses are head quartered? OFF SHORE. Guess who many of those businesses employ? foreigners (often times minors). Guess how much US tax those businesses pay? Goose eggs. Big business and politicians (aka the government) have been in bed together for a long time.


    Answer by Sisteract at 12:59 PM on May. 3, 2010

  • It worked so well when Obama was campaigning. Of course lying works. With the medias help a lie is the new truth.

    Answer by itsmesteph11 at 6:47 PM on May. 3, 2010

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