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 U.S.-financed bankruptcy restructuring last year.
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.).
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.
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.
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6 comments:
Taxpayers bailed out the UAW pensions and benefits, are stuck with the defecit and now the taxpayer is contributing to primarily the democrat party unknowingly and unwillingly. Thank you Obama voters for destroying this country and our personal freedoms.
The elites simply don't care what we might think about their criminal activities. Our country is gone.
The corporations have taken over the government. This is called Facism.
2:23 I believe Fascism is when government takes over the corporations.
No wonder ES has a reputation of being populated with idiot rednecks.
Obama is using GM as a money laundering front and the tax payers money as a slush fund to bank role Democrats running for office.
Saw on tv where Chrysler workers were drinking & doing pot while supposedly working. How's those union wages workin' for the rest of the country?...NOT (So now we know why american cars aren't as much quality wise.)
Fred,
Until now Facism has been the government taking over the corporations.
However, now we have the reverse.
The results are the same.
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