Showing posts with label GM. Show all posts
Showing posts with label GM. Show all posts

Thursday, September 23, 2010

Government Motors donating to Democrats with Taxpayer Money

GM Resumes Political Giving
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!