Posted by: arnegrim | September 22, 2010

Contributions conflict of interest?

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.”…

…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…”

http://sweetness-light.com/archive/gm-has-resumed-campaign-contributions

Wall Street Journal – http://blogs.wsj.com/washwire/2010/09/21/gm-resumes-campaign-contributions/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: