Friday, April 30, 2010

Video: Paul Ryan Takes Obama Administration to Task on GM “Shell Game”

Rep. Paul Ryan (R-WI) calls BS on the Obama administration and GM claim they have paid back taxpayers.

Paul Ryan Disputes GM Repayment Claims: "It's Time to Put an End to Crony Capitalism"

Transcript from YouTube:
You may have read reports from the Obama Administration or seen ads on TV claiming that General Motors has fully paid back what it owes you the American taxpayer.

These claims struck me as odd and misleading. The federal government still owns over 60% of this auto company. This so-called repayment is actually a transfer of $6.7 billion from one taxpayer-funded bailout account to another.

As this is your money, I think you deserve some clarity on this shell game....

Paul Ryan for President anyone?

No comments: