Friday, May 14, 2010

GM Follow Up-I was right

As the always suave Nick Gillespie explains in this short video from, GM did not pay back their loan for real.  General Motors was given a 50 billion (that's right, 50 BILLION) dollar TARP loan.  It turns out only a mere 6 billion dollars was an actual "loan". The rest was a generous gift from you and me and your grandmothers.  That loan was paid back from an ESCROW account set up for them.  They paid the loan back with money loaned to them from the government.  So next time you you see that ad, raise your clenched fist in disgust!

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