AYFKM? NOW Award: GM Spins Themselves Silly With TV Spots

Apr 24, 2010 by

GM is receiving the AYFKM? NOW Award for trying to sell America the lie that they are out of danger and are on their way to a total fiscal recovery.  How many of you believe that they paid back their bailout five years ahead of time?  How many?  How many knew it was a lie when it came out of the CEO’s mouth?

It appears that GM has read the elitists’ “the unwashed masses are stupid” memo and has jumped on the insult bandwagon along with the District of Criminals by trying to sell the appearance of prosperity while they are still on life support. GM just used Nancy’s “we have to pass the bill to find out what’s in it.” formula.

What kind of mental midgets do not realize that America, once the most prosperous nation in the world (and will be again), was built by intelligent, hard working people that are now fully awake and watching government and industry’s every move?

GM Could Be in Hot Water With FTC Over Truth in Advertising

FOXNews.com

General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers “in full.” But the claim isn’t standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was able to repay the bailout money only by dipping into a separate pot of bailout funds.

General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers “in full.” But the claim isn’t standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was able to repay the bailout money only by dipping into a separate pot of bailout funds.

The TV spot may land GM in hot water with the Federal Trade Commission over its truth-in-advertising laws, which prohibit ads that are “likely to mislead consumers.”

“We have repaid our government loans in full — with interest — five years ahead of the original schedule,” says Ed Whitacre, chairman and CEO of General Motors Company, asking Americans to give the bankrupt company another look.

But a top Senate Republican has accused GM of misleading taxpayers about the loan repayment, saying the struggling auto giant was able to repay a $6.7 billion bailout loan only by using other bailout funds in a special escrow account.

Iowa Sen. Chuck Grassley’s charge was backed up by the inspector general for the bailout — also known as the Trouble Asset Relief Program, or TARP. Watchdog Neil Barofsky told Fox News, as well as the Senate Finance Committee, that General Motors used bailout money to pay back the federal government.

“It appears to be nothing more than an elaborate TARP money shuffle,” Grassley, the ranking Republican on the Senate Finance Committee, said in a letter Thursday to Treasury Secretary Timothy Geithner.

Every single time I see a picture like this, I have to believe that the elitists hold the Office of the Presidency in such low esteem compared to us regular Americans. After all these months it is still painfully insulting to think such a lying, snake oil salesman is sitting at that desk, weaving webs, and hatching schemes to forward ‘social justice’ and stay in power. All the while, we pay for the rape, pillage, and unintended consequences of their actions.

Ready for the next installment in “Who Is The Biggest Liar?”?

Obama says auto bailouts have paid off

(Editor’s Note: Not to be confused with GM paying off their bailout)

ASHEVILLE, North Carolina (Reuters) – President Barack Obama said on Saturday taxpayer-funded bailouts of the auto industry that he approved had paid off, in what amounted to a rejection of conservative arguments against such government help.

In his weekly radio and Web address, Obama kept up the pressure for an overhaul of U.S. financial regulations, saying the promising news from the auto industry had not reduced the need for Wall Street changes.

Government bailouts of Wall Street, begun by then-President George W. Bush in 2008 and continued by Obama, have come under heavy criticism from conservatives who feel the government is spending too much money and that big firms should be allowed to fail.

General Motors Co and Chrysler both reported progress this week in their government-financed turnarounds, but the Obama administration still forecasts some loss on the taxpayer bailout of both companies to help them recover from the economic slump and a steep drop in auto sales.

Obama used a great deal of his weekly address as a justification for why the bailouts were necessary to prevent an even worse economic calamity and to say the emergency programs were ending and would cost taxpayers “a fraction of what was originally feared.”

“This is a direct result of the careful management of the investments made by the American people so that we could recoup as many tax dollars as possible — and as quickly as possible,” Obama said.

What happened to Joe Biden’s theorem that every time we spend a dollar, we make a dollar and a half?

The issue is likely to be among those debated in the run-up to congressional elections in November in which Democrats are seeking to defend their strong majorities in the U.S. House of Representatives and the Senate. Polls point toward gains by the Republicans.

By hammering away at Wall Street, Obama seeks to reassure Main Street he understands Americans’ concerns and convince them of the need for action. His healthcare overhaul remains unpopular with a sizable segment of Americans despite the best efforts of the White House to sell it.

I hope Ford keeps kicking Barry and Government Motor’s a**es!

7 Comments

  1. AYFKM? NOW Award: GM Spins Themselves Silly With TV Spots – http://b2l.me/q5cww (via @LogisticMonster)

  2. AYFKM? NOW Award: GM Spins Themselves Silly With TV Spots – http://b2l.me/q5cww (via @LogisticMonster)

  3. California Patriot

    A bunch of criminal psyochos are running the whole damn country including the media!

  4. no-nonsence-nancy

    GM is getting Americans back to work? Wht a lie! I haven’t seen any reports of vast amounts of new jobs being created by GM.

  5. red lemur

    no no especialy the media,

  6. AYFKM? NOW Award: GM Spins Themselves Silly With TV Spots – http://b2l.me/q5cww (via @LogisticMonster)

  7. Rene

    just found out, but the commercialmentary last night in conjunction with the bank of america was kinda full of it, if you know what I mean.

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