It was with great fanfare yesterday that General Motors announced that it was repaying some $4.7 billion of $6.7 billion in loans it received from the federal government. And, with even bigger fanfare, it was announced that this partial repayment was being made some five years earlier than expected. Welcome RedState readers. Stop by between 10 a.m. and noon ET for the big radio show. Check out the update at the bottom of this post. Too good to be true? Well, it is. What you weren’t told was that GM was able to repay the money by drawing down on...