It's early, but already we have contestant for the biggest lie of the year 2009.
No big surprise: General Motors. According to The New York Times last week, "General Motors vowed on Wednesday that its latest request for federal aid would be the last."
Actually the sentence continues after the word "last" to say "it would need to carry it through the biggest reorganization in its history." If "reorganization" is another word for "collapse" or "demise" then fine, otherwise, two big lies in one sentence.
The bigger question is how long the American public is willing to throw money down the dark Detroit hole and how many billions the U.S. is willing to throw down before the federal government gives up and writes off its own self-created toxic asset. Your guess?
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