GM to pay off government debt?

I saw a commercial the other day by GM touting that they had payed off all their taxpayer bail out money in an effort to attract public support and, most importatnly, buyers. However, upon closer examination, did they actually use their own money to do so?

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/GM-pays-back-government-loans-with-TARP-funds-91915624.html

"GM seems to be using TARP funds from an escrow account at Treasury to make the debt payments", according to the article. So in effect, they have used taxpayer money to pay off tax payer debt. LOL

Of course, this type of advertisement regarding GM paying back taxpayer is understandable considering that Ford is doing such a great business currently. Why? I think one of the reasons is they did not take a government hand out from the taxpayrs. In fact, I know of a few people who bought Ford cars/trucks just because of this fact. So what should those same people be doing today? They should be ignoring GM's false advertisements and continue to buy Ford.

I just wonder when the government will bail out GM a third time.

Originally posted by whodey
I saw a commercial the other day by GM touting that they had payed off all their taxpayer bail out money in an effort to attract public support and, most importatnly, buyers. However, upon closer examination, did they actually use their own money to do so?

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/GM-pays-back-government-loans-w and continue to buy Ford.

I just wonder when the government will bail out GM a third time.

How much taxpayer money do you think the government has given Ford IN THE PAST?

Do you think it's close to the amount they gave enron? Exxon? Worldcom? Haliburton?? etc etc etc

How comes americans only focus on banks and the auto sector but not on any other sector? the oil sector is highly subsidized and yet not a peep.

suggest you google "united states corporate welfare" in google and read on.


I leave you with this little teaser...just for the flavour

http://www.nytimes.com/2005/01/30/opinion/30sun1.html

Originally posted by uzless
How much taxpayer money do you think the government has given Ford IN THE PAST?

Do you think it's close to the amount they gave enron? Exxon? Worldcom? Haliburton?? etc etc etc

How comes americans only focus on banks and the auto sector but not on any other sector? the oil sector is highly subsidized and yet not a peep.

suggest you google "unite little teaser...just for the flavour

http://www.nytimes.com/2005/01/30/opinion/30sun1.html

You are barking up the wrong tree. I have repeatidly said that Big government and Big business are in bed together. That is why they US government took all our tax money and gave it to coporate America. In short, these corporations become little governments all their own as they swap deals with those in Washington. In reality, it is small business and the average Joe who are the whipping dogs of both Big Brother and his miniuns in corporate America. So what heads rolled after the credit crisis? Any in corporate America? Any in government? Nope.

As for Ford, I give them credit for not taking tax payer money this go round. They should be recognized. In addition, GM should be called out for not only taking tax payer money, they should be called out for lying about paying it back.