GM CEO Says Bailout Repayment Could Take Years

New General Motors CEO says not to expect the IPO to pay back taxpayer bailout money. Also, the sky is blue. [CNBC]

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Didn't they already air a commercial that said "We've paid back the taxpayers, blah blah blah."

I'm just giddy with excitement waiting for GM to get a little sniff of balance sheet daylight...followed by Bob King coming down from Mt. Olympus to demand 150k/year for guys to run a paint sprayer.

(tip my political hand...much?)