Paul Ryan: GM repayment claims a “shell game”

(By Ed Morrissey; Hot Air) - Last week, General Motors began airing ads claiming that they had repaid the money used to bail them out of their deep financial distress. Barack Obama and his supporters seized on the announcement to declare the bailouts a success. Only after careful scrutiny did it come to light that GM had paid off one set of taxpayer loans with another line of taxpayer credit — in effect, moving bailout funds from one account to another. Rep. Paul Ryan (R-WI) wants a full accounting of GM’s status and their claims, and “an end to crony capitalism”:



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