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…”

Wall Street Journal –


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