The White House Does Not Like Ford’s Ad. Did It Apply Pressure to Get the Ad Yanked?
UPDATE: Ford is now out saying it was not “coerced” into pulling the ad and that the ad campaign will continue. Wonder whatever gave the Michigan news media a contrary impression? ——————————————- I told you a week ago that the White House and General Motors coordinated on GM’s ad campaign it rolled out before the 2010 general election designed to highlight the government auto bailout | Read More »
Is The Administration Going to Use GM to Distract from Solyndra?
Many people call it Government Motors these days. General Motors has been a government slush fund to reward unions and other Democratic loyalists since the Obama Administration arrived in Washington. Now there are signs the Obama campaign and DNC intend to use GM to distract from Solyndra. If you’ll remember back in 2010, General Motors rushed out an ad campaign that claimed it had paid | Read More »
GM Did Not Really Pay Back Its Loan
If you own a GM vehicle and they have your email address, you’ve gotten a nice email in the past few days that they paid back their bailout loan from the federal government. A lie. Well, technically true, but a lie. Turns out they took money out of one pocket and put it into the other. More precisely, GM took TARP money to pay off | Read More »
GM Will Use Bailout Money to Help Brazil’s Economy
The Latin American Herald Tribune reports General Motors (GM) plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker. According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and | Read More »
A Hill To Die On: Let GM Die
We were, around these parts, fairly divided on the original bailout. Some of us thought it needed and some of us thought it perhaps needed, but a terrible idea and a road we should not travel. Well, now we know. The bailout gave Hank Paulson a pile of cash that he is spending on his friends on Wall Street without very little accountability — the | Read More »