False Advertising Complaint Filed against GM

When General Motors two weeks ago released a new commercial bragging that it had "repaid its government loan in full," it's a safe bet the automaker believed the ad would boost consumer confidence in the company.

It may have done that, but it has also generated a serious backlash in Washington.

A libertarian think tank today filed a formal complaint with the Federal Trade Commission, urging the agency to investigate the automaker's "deceptive advertising."

In the complaint, the Competitive Enterprise Institute argued that the ad, which ended its run last week, "gives the false impression that GM has used its own funds to pay back all the bailout money that it received from the federal government. In fact, GM has only repaid a fraction of those funds -- barely 10 percent. Moreover, GM apparently repaid its own loan by using other federal funds." - ABC News Story