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Should GM be punished for false advertising?

The Competitive Enterprise Institute today filed a formal complaint with the Federal Trade Commission, arguing that General Motors misleadingly claimed in a national TV ad that the company has paid back taxpayer bailout loans.

In the complaint, CEI urges the FTC to investigate the GM ad campaign entitled “GM Repaid Government Loan Ahead of Schedule.” The ad features GM’s Chairman and CEO, Ed Whitacre, who declares that “we have repaid our government loan in full, with interest, five years ahead of the original schedule
http://cei.org/news-release/2010/05/04/general-motors-deceptive-advertising-challenged-watchdog-group-ftc-filing

Answer Question
 
Anonymous

Asked by Anonymous at 10:30 PM on May. 11, 2010 in Politics & Current Events

Answers (5)
  • They should have to tell the truth on TV!
    usmom3

    Answer by usmom3 at 10:57 PM on May. 11, 2010

  • if you really delve into it, most companies lie on their advertising. GM is not the first.
    Jademom07

    Answer by Jademom07 at 11:06 PM on May. 11, 2010

  • Yes, they should be punished. But any punishment we give them will just cost tax payers more money, since taxpayers still own the damn company.

    dandydiane

    Answer by dandydiane at 11:16 PM on May. 11, 2010

  • Yes. Their lie is HUGE.
    mancosmomma

    Answer by mancosmomma at 11:19 PM on May. 11, 2010

  • Absolutely. And we have the power to do so. Simply don't buy their products.
    May-20

    Answer by May-20 at 1:57 AM on May. 12, 2010

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