Wednesday, October 13, 2010

The trifecta!

Perhaps they just should have called it the BTU instead...

First, they hosed the secured creditors in favor of the unions during the bankruptcy cramdown proceedings.

Then, they lied and lied some more with respect to where they got the money to pay off the TARP loan.

And now we are finding out that the General Motors Volt electric car really isn't as electric as they originally led us to believe.

Our blog buddy, Harrison, over at Capitol Commentary has the goods including a run down of the hundreds of millions of dollars that have been poured into General Motors in the form of TARP loans, grants and subsidies both here and abroad to foreign companies to help, in part, produce this fraud of a vehicle.

1 comment:

Harrison said...

Thanks for the link!