While it's certainly not unusual for big companies like GM to spend on political campaigns, GM is a company majority-owned by the U.S. government, roughly 61%, thanks to the handout (oops, I mean bailout) from the US taxpayers.
According to company spokesman Greg Martin:
"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," Mr. Martin said. He called GM's political action committee is "an effective means for our employees to pool their resources and have their collective voice heard."So, let me get this straight, we bailout GM, they sell cars and then they contribute to the political campaigns that voted to bail them out with taxpayer money ! What am I missing here ?
Mr. Martins justification for the donations doesn't hold water. First, GM already benefited from the political process, they received US taxpayer dollars to bail them out, via Congress, and now they just donated some of that money back to the very politicians that voted to give it to them !
Second, the GM's political action committee is "an effective means for our employees to pool their resources and have their collective voice heard" statement calls on me to question what the UAW is for, after all they represent the auto workers.
What a country, Congress bails out companies with US taxpayer money and those companies contribute some of that money back into the politician's tills, only in America !
Read More Here: GM Resumes Political Giving-WSJ.com