Monday, May 3, 2010

GM To Answer Some Tough Questions

Reason TV called out Ed Whitacre earlier here. Soon, Whitacre may have to answer to Congress.

Now Whitacre is not a dumb guy, nor are there any ethics scandals in his previous record as a very successful CEO at AT&T. He was even the national head of the Boy Scouts of America, so why all of a sudden is he making a transparently false statement in a GM TV spot?

Three Republican members of Congress are asking the same question and they are also demanding some answers from Secretary of the Treasury Timothy Geithner, who oversees the TARP program and who issued a statement endorsing the GM claim and citing the repayment as evidence that the government's bailout effort is working.

Be sure to read the entire thing.

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