Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Wednesday, April 28, 2010

Government Motors Has a Truth Problem

I guess the FTC and FCC won't be investigatng GM as that would only anger the Boss and the Unions that helped to get him elected. What a load of horses*it we are getting fed. My question is why isn't this frontpage news in the Washington Post and NY Times I guess they are too busy sucking up to the President to do their job.

Still Government Motors
Shikha Dalmia, 04.23.10, 03:40 PM EDT
GM is paying back Uncle Sam to shake him down for more money.

GM CEO Ed Whitacre announced in a Wall Street Journalcolumn Wednesday that his company has paid back its government bailout loan "in full, with interest, years ahead of schedule." He is even running TV ads on all major networks to that effect--a needless expense given that a credulous media is only too happy to parrot his claims for free. Detroit Free Press' Mike Thompson, for example, advises bailout proponents to start "warming up their vocal chords" to jeer their opponents with chants of "I told you so."

But before belting out their victory aria, GM-boosters ought to hear the whole story--not just the fairytale version about Government Motors' grand comeback that Mr. Whitacre is feeding them.


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