It’s been a while since I’ve been able to post. Being 8 months pregnant, my world is full of preparations for Baby Karras these days, leaving me following politics from the sidelines, but without much concentration or wit to comment on the stories of the day.
But, this I had to share for anyone that missed it. And because it boggles the mind so much that I needed to memorialize the back-handedness of this company and our government that owns it.
As I was watching 60 Minutes yesterday night, a commercial for GM came on, starring Ed Whiteacre, the CEO of General Motors. Mr. Whiteacre proudly claimed that GM has “repaid [their] government loan, in full, with interest, five years ahead of schedule.” Hmmm, I wondered, scratching my head. How did GM do this? They couldn’t possibly have recovered and sold that many cars in such a short period of time? My husband and I gave each other that look that says, I’m afraid to find out the answer to that question. What kind of sketchy accounting scheme did they use to accomplish that?
Well, I said that in jest, but it turns out to be absolutely true. Ed Morrissey of Hot Air picked up on the story and pointed out that GM repaid its government loan with other TARP funds that were available to it. Yes, I know it’s outrageous and confusing all in one. Here’s the story. And in case you missed it, the bogus commercial.

