Friday, August 6, 2010

GM makes political donations----why you should care



GM, aka Government Motors, is owned by you and me. We have 60% of the tab. So, are you in favor of your company making political donations to the Black Caucus? With your money? That is exactly what they are doing, read it all here.

The Federal takeover of GM was nasty; bondholders, stockholders got screwed. The Unions ended up with equity to protect their rich pensions, and we got stuck with the bill. And now this politically controlled entity is making political donations to favored groups who helped grease the skids for this corrupt takeover.

This is political self-dealing and corruption of the highest order.

Just SOP in Obamaville.......

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