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General Motors (actually Government Motors) is a corporation stolen from its owners by the Federal Government. The Feds, you and me, own 61% of GM. Most of the rest of the firm was GIVEN by the government to the unions, the organizations that killed the firm and put it into bankruptcy. They got a benefit from killing the corporation they worked for.
"Over at Pajamas Media, Tom Blumer is making a persuasive case that the answer to that question is a decisive no:
"Despite taxpayers majority stake, GM has revived its PAC and has collected and distributed money from its employees to advance the companys interests. Those interests, and the politicians and organizations which have benefited and will benefit, are, according to the companys 'Political Contributions and Expenditures Policy,' determined 'by a Steering Committee and a separate Campaign Selection Committee appointed by the Chief Executive Officer of GM' overseen by car czar and Mao admirer Ron Bloom ('We know that the free market is nonsense. We kind of agree with Mao, that political power comes largely from the barrel of a gun') and his clan."
And who is getting the PAC money, controlled by the Obama administration? Democrats, are you surprised? How corrupt is this?
""Far more critically, as long as two sovereign governments (the Canadian government also has a small percentage of ownership) have combined majority or controlling stakes in the company, political contributions from GMs PAC are substantively no different than if HHS Secretary Kathleen Sebelius started taking collections from her employees and then gave the money directly to congressmen, senators, Health Care for America Now, and anyone else who has either said good things about ObamaCare, voted for its creation, or pledged to assist in building its oncoming bureaucratic nightmare. If the president and his apparatchiks had even a passing acquaintance with ethics, they would not have allowed GM to resurrect its PAC."
Bernie Madoff must be proud. Ken Lay may be laughing from his grave. They see government as more corrupt then they even dream being!
More...
"Over at Pajamas Media, Tom Blumer is making a persuasive case that the answer to that question is a decisive no:
"Despite taxpayers majority stake, GM has revived its PAC and has collected and distributed money from its employees to advance the companys interests. Those interests, and the politicians and organizations which have benefited and will benefit, are, according to the companys 'Political Contributions and Expenditures Policy,' determined 'by a Steering Committee and a separate Campaign Selection Committee appointed by the Chief Executive Officer of GM' overseen by car czar and Mao admirer Ron Bloom ('We know that the free market is nonsense. We kind of agree with Mao, that political power comes largely from the barrel of a gun') and his clan."
And who is getting the PAC money, controlled by the Obama administration? Democrats, are you surprised? How corrupt is this?
""Far more critically, as long as two sovereign governments (the Canadian government also has a small percentage of ownership) have combined majority or controlling stakes in the company, political contributions from GMs PAC are substantively no different than if HHS Secretary Kathleen Sebelius started taking collections from her employees and then gave the money directly to congressmen, senators, Health Care for America Now, and anyone else who has either said good things about ObamaCare, voted for its creation, or pledged to assist in building its oncoming bureaucratic nightmare. If the president and his apparatchiks had even a passing acquaintance with ethics, they would not have allowed GM to resurrect its PAC."
Bernie Madoff must be proud. Ken Lay may be laughing from his grave. They see government as more corrupt then they even dream being!
More...