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GM donates $41,000 to lawmakers' pet projects

Renae

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By T.W. Farnam
Thursday, August 5, 2010; A15

When General Motors went through bankruptcy last year, it suspended its political donations. Now that it's owned by the U.S. government, it's donating to lawmakers' pet projects again.

The carmaker gave $41,000 to groups associated with lawmakers, the vast majority of it -- $36,000 -- to the Congressional Black Caucus Foundation, the company reported on a disclosure form last week. The CBC Foundation is a charity with 11 members of the Congressional Black Caucus on its board.

(Interactive Element: 2nd quarter fundraising totals)

"We've always given to the Congressional Black Caucus Foundation as far back as anyone can remember," said Greg Martin, GM spokesman. "Our commitment remains unabated, and we continue to be a proud supporter of their work to advance economic development in communities throughout the U.S."

According to its disclosure forms, the company did not give any money to honor lawmakers in 2009, the year of its bankruptcy filing. The U.S. government now has a 60 percent stake in the reformed company.

"By anyone's definition that was an extraordinary time for the company," Martin said. "We did suspend giving for that particular time."

GM donates $41,000 to lawmakers' pet projects

So the Gov't owns 60% of GM, out tax dollars propped it up and NOW they are giving money to the politicians that saved them.

Gee, does anyone ELSE see a problem with this?
 

Jetboogieman

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GM donates $41,000 to lawmakers' pet projects

So the Gov't owns 60% of GM, out tax dollars propped it up and NOW they are giving money to the politicians that saved them.

Gee, does anyone ELSE see a problem with this?

SSDD

You guys want an end to this crap?

Then you gotta scrap your entire political system.

This one is too corrupt. Your model for government as far as congress goes, simply isn't working anymore.
 

texmaster

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i don't. non-story, imo.

You've got to be kidding me. How is this a non story? Its a government controlled company giving out political donations.
 

MaggieD

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You've got to be kidding me. How is this a non story? Its a government controlled company giving out political donations.

I don't think it's government controlled. The gvmt owns a majority of the stock, but that's a different thing. Day-to-day business decisions? I don't think so.

I think it's a story -- I agree with you. It shows such poor common sense that one has to wonder what they were thinking. Regardless of intent, perception is reality. It was a stupid thing to do.
 

zimmer

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GM donates $41,000 to lawmakers' pet projects

So the Gov't owns 60% of GM, out tax dollars propped it up and NOW they are giving money to the politicians that saved them.

Gee, does anyone ELSE see a problem with this?

So long as they are a government funded and run entity they should be forbidden to donate to political campaigns. This should have been for Freddie and Fannie too.

.
 

zimmer

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i don't. non-story, imo.
ROTFLOL... that might be the funniest post of the year.


SSDD

You guys want an end to this crap?

Then you gotta scrap your entire political system.

This one is too corrupt. Your model for government as far as congress goes, simply isn't working anymore.

LOL... that should end every socialist medical scheme... including the failing Kanuckistani mess.

.
 
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liblady

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So long as they are a government funded and run entity they should be forbidden to donate to political campaigns. This should have been for Freddie and Fannie too.

.

they are not "run" by the gov't. if you have a gov't backed loan, should you be able to vote?
 

WingsOfDesire

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A non-story? Yeah, I'm sure the majority of Americans would agree with you.
 

texmaster

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I don't think it's government controlled. The gvmt owns a majority of the stock, but that's a different thing. Day-to-day business decisions? I don't think so.

The government owns 60% of the stock. They appointed the CEO so yes its government controlled.

I think it's a story -- I agree with you. It shows such poor common sense that one has to wonder what they were thinking. Regardless of intent, perception is reality. It was a stupid thing to do.

Agreed. For either party.
 

Orion

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They are just lobbying the government with their financial "gifts" like all big corporations do.

The fact that the state has a majority share in their company doesn't have much to do with it.
 
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