- Aug 26, 2007
- Reaction score
- San Antonio Texas
- Political Leaning
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?