A Project of The Annenberg Public Policy Center

General Motors’ Debt

Q: Did General Motors repay its TARP loan from the Treasury with other TARP money?
A: Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest. It used TARP money it had already received but hadn’t spent. And taxpayers are still stuck with GM stock that isn’t worth what was paid for it.

Hitting Grassley With Inflated Numbers

Two liberal groups, the Progressive Change Campaign Committee and Democracy for America are airing an ad that faults Iowa Sen. Chuck Grassley for not supporting a "public option" as part of any proposed health care legislation. But their ad uses inflated figures.

Grassley has spoken out against including a "public option" as part of a health care bill. The ad implies that he’s done so because he’s "taken over $2 million dollars from the big health and insurance industries that oppose reform."