Charlie Rose omitted mentioning the continuing high unemployment rate as he interviewed Treasury Secretary Tim Geithner on Tuesday's CBS This Morning. Rose also forwarded a criticism Geithner from the left, that the Cabinet official was "too friendly to the banks, because he knew them from his years at the New York Fed."
The anchor also didn't challenge the Obama administration official's assertion that keeping all of the current tax rates would be a "deeply irresponsible thing to do fiscally and economically now. If you do it, it costs a trillion dollars over ten years - a trillion dollars over ten years, which we don't have and we're not going to go out and borrow from other countries to support in that context."
Ed Whitacre, Chairman of Government/General Motors, took to the Wall Street Journal on Wednesday to crow about repaying a loan (link may require subscription). Note the deceptive headline and its accompanying end-zone dance:
The GM Bailout: Paid Back in Full The investment of U.S. and Canadian tax dollars worked.
Whitacre can try to make a case that the government's loans have been repaid, but unless and until the government's $43 billion equity investment is recouped, the company (and Uncle Sam) have no right to claim that "the GM bailout" has been "paid back in full."
Further, this particular risible rendering in Whitacre's op-ed would lead many a casual reader (and perhaps most journalists, ha-ha) to believe that GM was able to make the repayment out of cash flow:
Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working.