May 13, 2010 8:41AM 

# GM Ads and the FTC: Fred Smith Responds 

By [Walter Olson](https://www.cato.org/people/walter-olson) 

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Last week in this space [I criticized](https://www.cato.org/2010/05/05/the-ftc-and-those-gm-ads/) my friends at the Competitive Enterprise Institute for siccing the Federal Trade Commission on General Motors over its misleading “we repaid our bailout money” ads. Now CEI founder/​president (and old friend) Fred Smith gives his side of the story in a lengthy [response](http://www.openmarket.org/2010/05/12/ceis-ftc-complaint-against-gm-a-response-to-walter-olson/). And a new report from Fox News [covers the whole controversy](http://www.foxnews.com/politics/2010/05/12/obamas-ex-auto-czar-says-gm-stretched-truth-loan-repayment/).

##### Related Tags 

[Constitutional Law](https://www.cato.org/constitutional-law), [Robert A. Levy Center for Constitutional Studies](https://www.cato.org/robert-levy-center-constitutional-studies) 

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