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Discussion Starter #1
WTF? :crazy:


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. GM is planning to return to the public stock markets later this year, allowing the U.S. to begin to sell off its roughly 61 percent stake in the company.
 

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You'll never be able to confuse this with Faux & Kocktopus contributions to Palin and the Tea Party ...

:buhbye:
 

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You'll never be able to confuse this with Faux & Kocktopus contributions to Palin and the Tea Party ...

:buhbye:
It's coming ... I can Feel it. :laughing:
 

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Discussion Starter #6
So the left has no problem with a government owned company spending the profits towards political motives?:crazy:

But Heaven help us if somebody puts up a cross on government property in respect for sombody who died:lookinup:
 

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So the left has no problem with a government owned company spending the profits towards political motives?:crazy:

But Heaven help us if somebody puts up a cross on government property in respect for sombody who died:lookinup:
Let's take a look at the link you suspiciously didn't want to post ...


http://online.wsj.com/article/BT-CO-20100921-713224.html


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.



It is not 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.
GM is planning to return to the public stock markets later this year, allowing the U.S. to begin to sell off its roughly 61% stake in the company.

GM spokesman Greg Martin said the company stopped making political contributions in spring 2009 to focus on its taxpayer-financed bankruptcy reorganization.
"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," Martin said.

He said the company's political action committee is "an effective means for our employees to pool their resources and have their collective voice heard."




He said the company has supported members of both parties who "approach issues thoughtfully" and "support a strong auto industry."
 
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