Topic: The New, 'Improved' GM ...
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Sat 05/15/10 06:55 AM
That's right, boiz 'n grrls ... If you thought GM (a/k/a 'Government Motors') has paid off that humongous gift of OUR money they received 'cuz they were NON-COMPETITIVE in the FREE MARKET, well, take another think at that one ...

http://www.youtube.com/watch?v=1gq7J71VsDM&feature=player_embedded

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Sat 05/15/10 07:42 AM
As of March 31, 2010, the U.S. Treasury had committed approximately $52.4 billion to GM.

http://www.politifact.com/truth-o-meter/statements/2010/apr/27/ed-whitacre/ceo-says-gm-has-repaid-government-loans-full/

"rated as a half truth"...

You see, that loan doesn't exist anymore so in that regard, yes it has been paid off.

"the loans were repaid not with GM earnings (in fact, SEC filings show GM expected to have negative net cash flows in the fourth quarter of 2009) but rather from GM tapping into a multi-billion-dollar TARP-funded escrow account."

The commercial makes me want to slap the fool....but I use the
remote.