Posted by
Rich from NW Indiana on Thursday, April 22, 2010 6:48:44 PM
You may have seen the ads from GM that are running now. The ones with the new chairman saying that they are paying back the government loans five years early. One problem, they are using other bailout money from the government to pay these loans back. That isn't noted in the ads.
Grassley Slams GM, Administration Over Loans Repaid With Bailout Money.
It's not even GM's own operating funds, just other government money. Figures!
I was wondering how GM was going to repay loans period, let alone early. GM is still losing big money, with the end of loses nowhere is sight.
So they really aren't.
We aren't getting our money back!
Just some more fuzzy math the Obama regime is becoming famous for.
On a side note, we are three days from the final 1000 days of the Obama regime, provided we aren't stupid enough to reelect this joker!
Hoping for Real Change!
The Obama Clock:
Countdown To When America Could Regain Real Leadership! Congress
2010! President 2012! Will America Step Up and Do It Right This Time?
Check out my other blogs
Americans Against Government Motors
Americans Against Government Medicine