G.M. Uses Taxpayer Money to ‘Payback’ Government Loan
posted by Josiah Garber on July 27, 2010
in Economics, Politics
Anyone remember seeing ads about General Motors paying back their Government Loan early? As it turns out G.M. decided to get special permission from the government to use taxpayer money to pay it off.
Sometimes I find it hard to believe just how much deception goes on right under our noses. Pretending that your company returned to profitability enough to repay taxpayers their money, when in reality you used taxpayer’s money to repay taxpayers is just downright deceptive.
Let’s put the blame where most of it should lay: The U.S. Government for taking ridiculous actions of bailing out unprofitable companies who waste resources in the first place.
Read More about the G.M. ‘repayment’
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