OSUGT Posted May 1, 2010 Report Share Posted May 1, 2010 I thought the ads touting the payback of the loan ahead of schedule were a bunch of hype. Here is why: http://www.forbes.com/2010/04/23/general-motors-economy-bailout-opinions-columnists-shikha-dalmia.html Cliffs: The loan referred to in commercials is for 6.7B. Total bailout and taxpayer liability is closer to 50B Loan given to GM at below market interest rates. GM paying back out of government funded escrow account. They have yet to turn any sort of profit. They are touting the "payback" to get another loan from Dept of Energy to retool plants. Bottom line is that they are using bailout money to "pay back" their loan. Its a total PR stunt to calm down consumers angry about the bailout. Nice try, GM. Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted May 1, 2010 Report Share Posted May 1, 2010 Yep, been covered heavily in the media since the morning after the first commercial. While nothing they say in their ads are lies, they def. stretch the facts... like all car companies. Quote Link to comment Share on other sites More sharing options...
OSUGT Posted May 1, 2010 Author Report Share Posted May 1, 2010 Been living in a bubble this week and haven't seen much on TV. When I first saw the commercial, it really got me thinking about how it was possible. Quote Link to comment Share on other sites More sharing options...
Guest Removed Posted May 1, 2010 Report Share Posted May 1, 2010 Been living in a bubble this week and haven't seen much on TV. When I first saw the commercial, it really got me thinking about how it was possible. since toyota is failing ...gm is trying to use it the best they can.... still wont touch ford at this point, but its government motors still Quote Link to comment Share on other sites More sharing options...
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