GM ad glosses over the reality | detnews.com | The Detroit News
In a TV ad that is generating the kind of publicity you don’t want, GM CEO Ed Whitacre strides across the screen saying the federally controlled automaker paid back its "loan, in full, with interest, years ahead of schedule." What he doesn’t tell viewers is that a) the repayment of $4.7 billion came from taxpayer funds advanced to GM and b) that the feds still hold 61 percent of GM — valued at something like $43 billion.
A half truth is worse than a lie.
However, what else would you expect from an Obama appointee and sycophant like Government Motors CEO Ed Whitacre?
The simple fact is that the first requirement for anyone who works for Obama is that they must be (as is he) a convincing, congenital, pathological liar who has a complete disdain for the truth.
Jim's Cathartic Space 