Posted by Jeff Id on September 29, 2010
Well GM, a company now owned primarily by the US federal government, a company which received billions in bailout money which ended up being payoffs to democratic party supporting unions, has now decided to invest back in the politicians which supported them. From here:
WASHINGTON (Dow Jones)–General Motors Co. has begun to once again contribute to political campaigns, lifting a self-imposed ban on political spending put in place during the auto maker’s bankruptcy restructuring last year.
The Detroit auto maker 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.). The list also includes Virginia Rep. Eric Cantor, the House Republican Whip, who would likely assume a top leadership post if Republicans win control of the House in November.
Seriously, our current government is more corrupt than anything we’ve seen in our short history. The politicians vote to take our money as tax, use our money to pay off and take over one of the biggest companies in the world, and then receive money back in their own pockets. This is not a normal US business any more folks, this is a government owned business. How stupid are we to continue to elect these criminals.
No chance I’ll ever by a GM car again.