SMRs and AMRs

Sunday, October 24, 2010

Companies that received bailout money giving generously to candidates

By T.W. Farnam
WashPost
Sunday, October 24, 2010

Senate Minority Leader Mitch McConnell (Ky.) was a fierce critic of the federal bailout of General Motors and Chrysler last year, saying he "cannot ask the American taxpayer to subsidize failure."

But General Motors doesn't seem to hold a grudge.

The political action committee formed by the company, which is now largely owned by the taxpayers, cut McConnell a $5,000 campaign check in September, a small piece of the $190,000 it donated to campaigns in the past month.

While GM suspended its contributions as it solicited the government for financial help, it is now back in the game of political giving, increasing donations from its federal political action committee steadily over the past few months.

(More here.)

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