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Posts Tagged ‘campaign contributions’

Self Imposed Bans Never Work, GM Back To Giving Campaign Contributions

September 23, 2010

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. Taxpayer dollars used to support more hand picked  politicians.

 

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