The Detroit company gave $90,500 to candidates running in the current election cycle, 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 Sen. Debbie Stabenow (D., Mich.), Sen. Sherrod Brown (D., Ohio) and Rep. John Dingell (D., Mich.).
It isn't unusual for big companies like GM to spend on political campaigns, but complicating GM's situation is that the company is majority-owned by the U.S. government. GM is planning to return to the public stock markets later this year, allowing the U.S. to begin to sell off its roughly 61% stake in the company.
This isn't illegal but it should be. It's an outrage that GM is making political contributions with tax payer money!
This is not uncommon, as the research by the founders of iCaucus has shown. Acorn, Unions, AIG, and Walmart and other all know that donating to a member of Congress is a good return on investment, because they will get more out of it then you put in. That first donation just primes to pump, after that all the other money donated to the incumbent's campaign comes from the money these groups and businesses get from the Government, directly or indirectly.
ReplyDeleteIt is for this reason that iCaucus formed it's citizen vetting process. A process that is built on YOU, the citizen, interviewing, caucusing and then voting on the candidate. They want to make sure that the principled, fiscally conservative candidates they endorse not only support the Constitution, but also have the support of those they represent.
If you want to find out more about iCaucus and the over 80 endorsed candidates that we have, you can check us out at www.icaucus.org or contact me directly @ reg7ic@gmail.com. I live in the Richmond area and would be willing to come and talk to any group in VA about iCaucus, what we believe in and how our vetting process works.
Thank you
Freddy Boisseau