• Sep 23, 2010
In the spring of 2009, General Motors took a break from swimming in the political pool. Now that it's done toweling off the bankruptcy blues, The General is reportedly ready for another dip. According to The Wall Street Journal, the Detroit automaker has just lifted a self-imposed political spending ban by handing out $90,500 for select candidates running in the November elections.
As the business daily points out, it's nothing new for large companies to provide campaign money for politicians. It is, however, quite interesting ground that General Motors survives today because its majority shareholder, at a 61 percent stake, is the United States government.

Federal Election Commission records show that GM is supporting members from both parties, including Senator Debbie Stabenow from Michigan and House Republican Whip Eric Cantor from Virginia.

Wading into the political arena is a necessary game that any large corporation has to play and General Motors understands the importance of advocating for its interests in this arena. According to GM Spokesperson Greg Martin, "We're not going to sit on the sidelines as our competitors and other industries who have PACs are participating in the political process." Thanks for the tip, Dan!

[Source: The Wall Street Journal]


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  • 28 Comments
      • 4 Years Ago
      I find it revolting that Government Motors would give my money to the Republicans who voted against every thing that would have helped GM survive . The world has turned up-side down . What next , 2012 ?
        • 4 Years Ago
        It makes perfect sense that they would want to give our money to Republicans because they are the party more concerned with creating an environment where businesses can flourish. The Democrats generally focus more on regulations, unions, and benefits which often result in exceedingly high wages and higher taxes. They are both right and wrong.

        The fact that the Democrats bailed them out and the Republicans voted against it really does not change this. The objective is to recover and remain competitive worldwide.

        I hate this as much as you do, but if you look at how they voted in the last election, you will find that it was pretty even across the board in terms of the party affiliations of these candidates.
      • 4 Years Ago
      So, I am being censored now by Autoblog?
      • 4 Years Ago
      GM should not be allowed to donate any money to politics as long as they are owned by the government. First repay the money. Then remove the conflict of interest.
        • 4 Years Ago
        That's typical Government Motors.

        Getting free money from chumps to build more "world class" cars.

        Pshhh.
        • 4 Years Ago
        it's should be forbidden for company to make such donations for elections in the first place.
        • 4 Years Ago
        I'm rooting for GM to succeed, but I agree this is a waste, a conflict of interest, and should not be allowed.
        • 4 Years Ago
        This seems too common sense Nick. Our politicians do not do common sense.
      • 4 Years Ago
      • 4 Years Ago
      Despite the rhetoric to the contrary, some things never change!!
      • 4 Years Ago
      Thanks to the right wing members of the supreme court, a company like GM can basically donate as much money as the CEO wants.
      Steve R.
      • 4 Years Ago
      So... our PUBLIC tax dollars go to this company to bail them out, and now it is being redistributed back to politicians NON-public campaign funds?

      This money-laundering could make the Mafia blush...

      And the kicker? They could be using YOUR tax money to support politicians whose agendas are way different than what YOU support...
      • 4 Years Ago
      Why did i contribute to that Stabmenow lady, we don't agree on a single issue.

      • 4 Years Ago
      JUST GREAT our tax money helping to support the jerks who screwed up this country.

      I wounder who made this great decision to support this expenditure?????
        • 4 Years Ago
        The same guys who gave the go for GM-SAIC to sponsor that Chinese communism party movie.
      • 4 Years Ago
      Debbie Stabenow is an ignorant cow .... she just follows along wherever here elitist bosses lead her. She needs to be shown the door, ASAP.
      • 4 Years Ago
      For those under the false impression that big corporations only give to Republicans, here is further proof that it isn't the case.

      It's a lot more even between both parties.

      • 4 Years Ago
      I think people should be complaining less about GM giving politicans money and more about corporations paying off politicians. That is what is the major problem in this country. The politicians work for the corporations and not for the people.
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