Government Motors Repayment Fraud

GM

Government Motors

Before you start turning cartwheels over the early bailout repayment by GM, understand the shell game; take unspent money from ONE government loan to repay ANOTHER government loan. Then do a polished TV commercial touting the company’s speedy recovery and thanking America for giving GM “another chance.”

Previously unreleased documents supplied to The Washington Times reveal that GM specifically used funds it received from the Troubled Asset Relief Program to pay off the government loan.

Despite misleadingly rosy propaganda fed to the press, the sad saga of General Motors’ transformation into Government Motors continues. As a ward of the state, GM has to do the bidding of its Washington masters and stay in lock step with the Democrats’ claims about the company’s condition. The truth is that GM’s condition remains poor.

Sounds like “community organizing” to me. How about you?

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