GM Political Donations – I Have a Bad Feeling About This

Something about this story makes me feel nauseous.
“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.”
Ugggh.  GM, government owned, is making political contributions to those running for political office.  How do they justify it?
“”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.”
Ahhh.. I see. .and by “effective means for our employees to pool their resources and have their collective voice heard,” he of course means “a way for us to continue to support positions of power for those who will continue to give us handouts to cover our asses when we screw up.”  This is pretty sick. And what’s even sicker is that someone will probably write in the comments about how we don’t want GM to be disadvantaged, since we own them, so we should be in favor of their political meddlings.
-KD

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