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General Motors Criticized for Television Ads

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IT'S NOT SO MUCH THE ADS AS THE LIES
"A senior Republican criticized General Motors Co. decision to run television advertisements featuring the company's CEO that tout its repayment of $6.7 billion in government loans," according to the Detroit News. "Rep. Darrell Issa, R-Calif., the ranking member of the House Oversight and Government Reform Committee, said in a letter obtained by The Detroit News today to GM chairman and CEO Edward Whitacre Jr. that the company "has come dangerously close to committing fraud and that you might have colluded with the U.S. Treasury to deceive the American public."

"GM's ads featured Whitacre touting that fact that GM "repaid our government loan in full, with interest, five years ahead of the original schedule."

SOURCE:   Detroit News

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