Ouroboros in Detroit
It seems that Government Motors (just over 60% ownership by the Federal Government) is now trying to sway things their way by 'contributing' money to politicians.
From the
Wall Street Journal:
GM Resumes Political Giving
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.).
I do not know if this is illegal -- I suspect it is as there is a very strong conflict of interest.
And not a peep from the New York Times...
Posted by DaveH at September 23, 2010 8:45 PM