"I will never be prouder than when American Government officials adopt my propagandist methods!"
Posted on 04/28/2010 9:17:26 PM PDT by SmithL
One taxpayer pocket to the other...
I need to get me a taxpayer packet!
/s
I love your graphic!
Too true...
Actually this is a common practice in business. It’s known as a “rollover” or loan renewal. Companies (and Nations) often renew a loan or borrow the amount owed and use proceeds of new loan to retire the old debt thereby keeping the loan current and paying interest only
That doesn’t change the fact: the loan was not in fact paid off, it was merely continued. The statement is patent false advertising and intended to mislead the consumer.
bump
And what about this "in full, with interest" that the schill says, what about the other $40+ billion? Is that amount being "waived?"
Is there a way for citizens to file a complaint with the FCC about those false and misleading ads?
What about a complaint with the SEC?
Or, the convicted and incarcerated felon says he didn’t do it. Even the newspaper “funnies” are ridiculing The Marxist Onada’s usurped regime. Think Beatle Bailey. First cel shows the general’s secretary and the female sergeant talking outside the general’s office. Laughter and celebration can be heard from within. The female soldier asks what’s going on. Second cel shows the general dancing around whooping it up and drinking champaigne.
Secretary responds to female soldier: “Their celebrating the economic recovery-——again.”
Actually this is a common practice in business. It’s known as a “rollover” or loan renewal. Companies (and Nations) often renew a loan or borrow the amount owed and use proceeds of new loan to retire the old debt thereby keeping the loan current and paying interest only
sales - cost of goods sold = gross profit (before expense)
There are profits and there are profits.
There are half truths and there are lies
I agree the media lied. What else is new and did you really expect the truth from these scumbags after all this time
It may be proper but remember, we were told in the news they paid off the loan with PROFITS...............
Yeah, well maybe. But it doesn’t sound like a rollover to me:
“Allison did not say whether GM, in its ads touting the loan repayment, should have disclosed that it was repaying the government with government funds or that GM is still sitting on about $50 billion in taxpayer money that was originally a loan but later converted mostly to stock.”
Read more: http://www.sfgate.com/cgi-bin/blogs/pender/detail?entry_id=62415&tsp=1#ixzz0mSmRG7Em
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