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Rattner: "GM may have SLIGHTLY ELASTICIZED the reality of things" regarding loan repayment

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posted on May, 12 2010 @ 08:56 AM
OK this really gave me a laugh for the day. Rattner was Obama's car czar last year so he is certainly culpable in the auto bailout mess. Rattner actually coined a new phrase the other day that gives new meaning to telling a LIE.

General Motors Co. Chairman and Chief Executive Ed Whitacre may have stretched the truth in a commercial saying the automaker had repaid its federal obligations, former autos czar Steve Rattner said today.

GM "may have slightly elasticized the reality of things," Rattner told reporters ahead of a speech today.

Did you catch that "GM may have SLIGHTLY ELASTICIZED the reality of things"
Wow that's a good one. Just remember this:

GM touted its repayment of $6.7 billion in federal loans -- but downplayed the fact that the taxpayers are still on the hook for $43 billion in aid that was swapped for a 61 percent majority stake in GM.

A conservative think tank filed a complaint with the Federal Trade Commission over GM's ads touting its repayment that have since stopped running. Many Republicans have also criticized the decision -- noting GM used unused government loans to repay the government.

I'm now going to slightly elasticize the reality of my recent spending spree on mountain bike parts to my wife!

[edit on 12-5-2010 by jibeho]

[edit on 12-5-2010 by jibeho]

posted on May, 12 2010 @ 10:36 AM
I think this is worth a star and flag. And yet another reason why I will never buy a GM-made vehicle ever again.

They can't manage their business, they fail to change their strategy with consumer demand and they continue over-paying their union workers until they face bankruptcy, so they make the American taxpayer pay for it. I say to hell with them.

posted on May, 12 2010 @ 11:25 AM
Expect the government sock puppets to be elastisizing much more.

posted on May, 12 2010 @ 11:29 AM
I never heard a lie referred to as being "SLIGHTLY ELASTICIZED ".
Funny stuff.

posted on May, 12 2010 @ 11:31 AM
When you get too big to fail maybe you will understand better the need for elasticity.

posted on May, 12 2010 @ 11:42 AM
Do they still owe money to the government? The answer is a resounding no. They never claimed the government had gotten all their money back that they invested just that they no longer owe the government any money. Nothing false at all in their statement.

posted on May, 12 2010 @ 11:52 AM
I have been elasticizing the costs of guns and ammo to my wife for a couple years now...

(She'll thank me when it brings food to the table one day)

posted on May, 12 2010 @ 11:56 AM
The economy is doing better and we are on a upswing.
Marijuana is a dangerous drug and hemp is in no way shape or form a product that could be used for 1000's of things.
The government is Constitutional and operates within the confines of said Constitution.
The US dollar is real.
Libertarians are Anarchists.
Death is life.
Taxation of labor is not theft.
The bankers and other financiers have not stolen anything from the public.

Just a liberal use of elasticity in my writing.

posted on May, 12 2010 @ 11:57 AM
reply to post by jibeho

It's just a new way of saying that GM, stretched the truth, = lied.

Coining a new phrase doesn't make me chuckle, it actually pisses me off!

They should be forced to do new commercials, telling the public how they cooked the books!

posted on May, 12 2010 @ 12:07 PM
Obama is not a puppet.
Obama has the interests of the citizenry at heart.
Obama is way different than Bush.
Obama is not a cronie capitalist/socialist/fascist pig.
Obama has been transparent.
Obama is not part of the two headed snake from hell.
Obama is not a teleprompter junky and can speak intelligently without one.

More liberal use of elasticity in my writing.

posted on May, 12 2010 @ 12:09 PM
reply to post by Blanca Rose

I hear you! Unfortunately, GM answers to no one any longer. There is no longer any transparency within their operation. Just like our current WH administration.
GM does not have to reveal anything to anyone.

Oddly, GM is claiming a first quarter profit after year after year of painful losses. I wonder how much of this 'profit' is connected to operations outside of North America? Or perhaps they are including all of the tens of millions in interest income that resulted from them sitting on an immense amount of cold hard govt. cash.

I don't buy it for one bit. It's impossible to do what the claim based on their standard North American operations.

posted on May, 12 2010 @ 12:16 PM
reply to post by jibeho

Yeah well, I think when a lot of people wake up and smell the coffee over this one, they will not buy a GM.

Heck, I'm in the market for a new vehicle, and am thinking about a Toyota!
Even it the recall stuff was bad, at least they are solvent enough to cover their own damages!

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