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GM Has Resumed Campaign Contributions

From the Wall Street Journal:

GM Resumes Campaign Contributions

September 21, 2010

General Motors Co. has resumed contributing to political campaigns, lifting a self-imposed ban on political spending adopted during the auto maker’s bankruptcy restructuring last year.

GM gave $90,500 to candidates running in the November elections, Federal Election Commission records show.

The beneficiaries include midwestern lawmakers, mostly Democrats, who have traditionally supported the industry’s legislative agenda on Capitol Hill, including [Democrat] Sen. Debbie Stabenow and [Democrat] Rep. John Dingell of Michigan and [Democrat] Sen. Sherrod Brown of Ohio.

That would be $90,500 of taxpayers’ money – being given “mostly to Democrats.”

What a shock, huh?

The list also includes House Republican Whip Eric Cantor (R., Va.), who would likely assume a top leadership post if Republicans win control of the House in November.

How clever of them to throw the GOP a bone, so that no one will notice their partisanship.

While it’s hardly unusual for big companies like GM to make political contributions, GM’s situation is different because it is majority-owned by the U.S. government

We wonder just how many laws and regulations this is breaking. But then again, when has the law ever stood in the way of crony capitalism.

GM spokesman Greg Martin said the company stopped making political contributions in spring 2009 to focus on its taxpayer-financed bankruptcy reorganization.

That was why they stopped? And not because it might look bad for GM to give Democrats campaign money that is straight from the taxpayers’ pockets?

In fact, in many cases, GM is giving money to the same Democrats who got them the taxpayers’ money in the form of a ‘bailout’ in the first place.

But, after all, giving to Democrat candidates is a much better use of GM’s money than paying back the taxpayers for their loan.

“As we’ve emerged as a new company, we’re not going to sit on the sidelines as our competitors and other industires [sic] who have PACs are participating in the political process,” Martin said

No, we can’t allow the UAW to lose its political clout. That would be terrible.

Besides, the auto bailout is ancient history. Most Americans will have forgotten all about it by now.

And it’s not like GM is one of those evil corporations that Mr. Obama and the Democrats insist should be prevented from contributing to political campaigns.

GM is owned by ‘the workers.’

This article was posted by Steve on Wednesday, September 22nd, 2010. Comments are currently closed.

5 Responses to “GM Has Resumed Campaign Contributions”

  1. Rusty Shackleford says:

    Anyone who buys a new GM or Chrysler product is an utter fool.

  2. Douglas says:

    Recently Moveon and their proxies attacked Target corporation for donating to the Republican candidate in Minnesota. I wonder if they’ll attack GM with the same stunts?

  3. untrainable says:

    I’m still trying to figure out who the unions will complain to now that they have ownership in the company. When business is bad and the money stops flowing because Americans don’t want to buy a car that runs on 3 9 volt batteries and a small rodent on an exercise wheel with a round trip of 8 miles per charge, can they turn to the government for yet another bailout? Answer : YES THEY CAN!, and they will. And if these dumb-o-crats are still in power, they’ll get it again. Can we afford to let them fail? YES WE CAN! and we should. If they’re going to spend taxpayer money on buying politicians, the decisionmakers and the politicians who’ve been bought should not only be fired, they should be prosecuted to the full extent of the law.

    Thank god for Mcain Feingold eh?

  4. NoNeoCommies says:

    They are trying to create perpetual motion.
    Elected officials give money to the unions and the unions give it back to keep them in office so they can give more money to the unions.

  5. AcornsRNutz says:

    They aren’t throwing cantor a bone, the dems demanded a contribution to a republican so they can continue to paint them as the party of crony capitalists in league with big business to screw the little guy etc etc. These guys are always thinking of their next campaign move, and seemingly little else.

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