The article I’m about to write may give you one of two reactions:
1. You may shrug your shoulders and see nothing wrong with it.
Or 2. You may burst a blood a vessel.
The Wall Street Journal reports that General Motors has lifted their self imposed ban on political contributions since their bankruptcy. Well, it is a little improper to spend taxpayer money to influence tax payers’ representatives. During the current election cycle, Federal Election Commission records show that GM has spent $90,500 on candidates running. The beneficiaries named so far were Sen. Debbie Stabenow, Sen. John Dingell and Sen. Sherrod Brown. What do all these people have in common? That’s right. They are all Democrats. They are all members of the party who helped organize the government sponsored bankruptcy of GM. There was one Republican who benefited, Eric Cantor, but as the WSJ said “…the House Republican Whip, who would likely assume a top leadership post if Republicans win control of the House in November.” It is good practice to hedge one’s bets. GM spokesperson, Greg Martin, defended the actions by saying “as we’ve emerged as a new company, we’re not going to sit on the sidelines as our competitors and other industries who have PACs are participating in the political process.”
Now I don’t claim to be a Michael Moore or a Jesse Ventura activist, but something doesn’t sit right with me. A government owned company using taxpayers’ money to “contribute” to politicians to help them get re-elected and the main beneficiaries are the people who saved your company with more taxpayer money.