'Government Motors' Fills Political Coffers

So much for GM’s self-imposed ban on political contributions. According to The Washington Post:

General Motors reported making $47,000 in contributions to lawmakers and congressional candidates in July, the first it has made since November 2008. The company stopped giving through its political action committee just as it began to seek government assistance to stay in business.

The U.S. government provided support but also steered the company through bankruptcy. Today, the Treasury owns a 60 percent stake in the company, which recently announced plans to go public with a stock sale.

GM earlier gave $41,000 to groups and causes associated with lawmakers. The latest contributions were made directly to lawmakers’ campaigns.

The Post notes the fact that GM is spreading the wealth around to both political parties: $26,000 to Republicans and $21,000 to Democrats. Below is the list of GM PAC recipients from the Federal Election Commission:

Recipient’s Name	Date	Amount	Image Number
CONTRIBUTIONS
BLUNT, ROYVIA FRIENDS OF ROY BLUNT	07/30/2010	5000.00	10991095182
BROWN, SHERRODVIA FRIENDS OF SHERROD BROWN	07/30/2010	2000.00	10991095183
BUILDING RELATIONSHIPS IN DIVERSE GEOGRAPHIC ENVIRONMENTS PAC (BRIDGE PAC)	07/30/2010	1000.00	10991095181
CAMP, DAVID LEEVIA DAVE CAMP FOR CONGRESS 2010	07/30/2010	5000.00	10991095182
CANTOR, ERICVIA CANTOR FOR CONGRESS	07/30/2010	2000.00	10991095181
COATS, DANIEL RVIA DAN COATS FOR INDIANA	07/30/2010	5000.00	10991095181
DINGELL, JOHN D. MR.VIA JOHN D. DINGELL FOR CONGRESS	07/30/2010	5000.00	10991095183
KILPATRICK, CAROLYN MS.VIA KILPATRICK FOR UNITED STATES CONGRESS	07/30/2010	1000.00	10991095183
KLOBUCHAR, AMY JVIA KLOBUCHAR FOR MINNESOTA 2012	07/30/2010	1000.00	10991095184
PEOPLE FOR ENTERPRISE TRADE AND ECONOMIC GROWTH (PETE PAC)	07/30/2010	2000.00	10991095184
PETERS, GARYVIA PETERS FOR CONGRESS	07/30/2010	2000.00	10991095184
PORTMAN, ROBVIA PORTMAN FOR SENATE COMMITTEE	07/30/2010	5000.00	10991095185
REPUBLICAN PARTY OF WISCONSIN	01/31/2009	-1000.00	29991044396
SCHUMER, CHARLES EVIA FRIENDS OF SCHUMER	07/30/2010	5000.00	10991095182
STABENOW, DEBBIEVIA STABENOW FOR US SENATE	07/30/2010	5000.00	10991095185
WYDEN, RONALD LEEVIA WYDEN FOR SENATE	07/30/2010	1000.00	10991095185

Now it should go without saying that a company that is owned and operated by the government has no business making campaign contributions to members of Congress, no matter how the company tries to spin it. But this is exactly the kind of suspicious, shady and corrupt arrangement we can expect now that the government has decided to meddle so obtrusively into the private sector.

I checked with a spokesman for the Corporation for Public Broadcasting (CPB), another “private” corporation funded and controlled by the federal government. He told me that CPB does not have a PAC.

You may recall I called attention to another conflict of interest when the government provided a $527 million loan to the auto company Fisker, which then used the funds to purchase a former GM plant. (Vice President Biden was also caught up in the controversy, as the plant is located in Delaware, Biden’s home state. Read more here.)

While the political activities of GM are particularly offensive given the government’s considerable ownership stake, other companies bailed out with taxpayer dollars also continue to fill the political coffers according to Fox News:

Several companies that escaped financial failure two years ago through massive taxpayer-funded bailouts are spending millions of dollars to make donations to political causes and even some candidates’ campaigns.

General Motors, Chrysler and Citigroup are just three of the biggest bailout recipients who have continued to remain politically active, through their political action committees, federal lobbying or direct donations to the pet projects of lawmakers.

Getting back to GM, its ban on political contributions ought to be made permanent, at least until such time as the government has relinquished its ownership stake. Politicians on both sides of the aisle, such as Rep. Eric Cantor (R-VA) and Sen. Chuck Schumer (D-NY), who received GM PAC contributions, should return them immediately.

Government corporations giving money to politicians to help them run for government office: Does it get any more corrupt than that?