Republican & Tea Bagger ~ImPloSiOn~ leading up to the 2010 Elections...

[titsrock]

Corporate America...you cease to amaze me.

Companies that received bailout money giving generously to candidates

By T.W. Farnam
Washington Post Staff Writer
Sunday, October 24, 2010; 10:02 PM

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

But GM doesn't seem to hold a grudge.[:eek:]

The political action committee formed by the company, which is now largely owned by 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.

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

It is not alone: Companies that received federal bailout money, including some that still owe money to the government, are giving to political candidates with vigor. Among companies with PACs, the 23 that received $1 billion or more in federal money through the Troubled Assets Relief Program gave a total of $1.4 million to candidates in September, up from $466,000 the month before.

Most of those donations are going to Republican candidates, although the TARP program was approved primarily with Democratic support. President Obama expanded it to cover GM and other automakers.

Greg Martin, a GM spokesman, said that the company's PAC donations come from voluntary contributions from its employees. "We contribute to candidates who thoughtfully approach issues that are important to the auto industry and manufacturing," he said. "If you look at our giving, we have given equally to both parties' leadership."

Some of the generosity to Republicans can be explained by the expectation that the party will make huge gains in Congress. But another factor is the Democratic Party's push for financial-regulation legislation this year. The new law, which passed the Senate with the votes of three Republicans and all but one Democrat, placed new curbs on banks and introduced a regulator to vet financial products for consumers. Most Republicans, and banks, say the law creates too many new restrictions.

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/24/AR2010102401561.html?hpid=topnews

 

[HELLRAISER]

^

 

[Galactic]

I enjoy teabagging.

I don't care for any of the political parties I see. I also don't like people who use mean names to refer to a group of people.

Nice. It's funny how the liberal thread starters around here don't notice the hypocrisy when they are eyeball deep in it......let's just keep throwing names around about people we disagree with....yeah, that will make us look intelligent.

 

[titsrock]

It's always the Senate that is the clusterfuck of our government. Let the bitter in-fighting begin! :glugglug:

I'm also waiting for the Boehner versus Bachmann Speaker of the House brouhaha to commence...

Upset Republicans Believe Tea Party Cost GOP Senate Control

WASHINGTON — Tea party-backed candidates helped and hindered Republicans, injecting enthusiasm into campaigns but losing Senate seats held by Democrats in Delaware, Colorado and Nevada that the GOP once had big hopes of capturing.

Republican leaders and strategists are muttering that the same tea party activists who elevated Speaker-to-be John Boehner and the party to power in the House simultaneously hobbled the GOP's outside shot of running the Senate. Tea partiers largely spurned establishment candidates in the GOP primaries and helped nominate Christine O'Donnell in Delaware, Sharron Angle in Nevada and Ken Buck in Colorado.

All three lost on Tuesday.

"You let the voters decide" the nominees, Republican National Committee chairman Michael Steele said Friday. "It's a risk. Voting is a risk."

[:shocked:]

http://www.huffingtonpost.com/2010/11/06/upset-republicans-believe_n_779924.html