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Friday, August 03, 2012

But What About That Ad That Said GM Is Back?

Oh.  Wait.  That was Obama trying to get reelected.

Guess he's willing to say anything.

In truth?

General Motors is Imploding — and Team Obama is Lying About It

I knew this from several days ago wasn't a good sign:

GM Ramps Up Risky Subprime Auto Loans To Drive Sales

That's right. Those subprime loans that crashed the home mortgage market and sent our economy into a tailspin, out of which it has never climbed back, are raising their ugly heads again. This time in the auto loan business.

Only difference?

General Motors has already crashed.

Another fine mess ...