GM halts political funding

[Blue_Tires]

Source: Detroit News

WASHINGTON -- General Motors Corp. has temporarily halted donations from its political action committee as it shores up its accounts.

"As we have done in previous years following an active election cycle, we are holding off on making contributions in the first quarter as we replenish employee contributions," GM spokesman Greg Martin said Wednesday. But this is the first halt in donations by GM in at least six years. In the first three months of the 2004 election cycle, GM donated $171,580. In 2006, the Detroit automaker donated $121,500 to federal candidates in the first quarter.

GM, like the other automakers, has cut its salaried ranks by thousands of workers, losing many donors to its political action committee.

Companies solicit voluntary donations from employees to donate to political candidates, often by payroll deductions.



Read more: http://www.detnews.com/apps/pbcs.dll/article?AID=%2F20090205%2FAUTO01%2F902050358%2F1148%2Frss25

[liberal N proud]

1. Another, why didn't you do this before asking for a bailout

These companies just keep doing business as usual while asking the government to bail them out from their failed corporate policies.

[BR_Parkway]

2. Maybe NOW the GOP will understand that this economy sucks!

And get out of the way of the people trying to fix it.