Companies that received bailout money giving generously to candidates and most of that to Republicans
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.
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.
Other then the old adage that no good deed goes unpunished, why are most of these companies like GM, the investment fund BlackRock, American Express, Bank of America, Citigroup and Goldman Sachs giving to Republicans. Because President Obama and Democrats passed financial reform which included more transparency and accountability in vetting financial products for consumers. Protect consumers, madness! How dare Democrats and three Republicans look out for everyday working Americans. Surely the devil or Marx has something to do with that kind of thinking. As a seasoned observer of corporatist shenanigans and the way they think, it surprises me a little that a company such as GM – who would now be selling off assets in one of largest bankruptcies in history if not for Democrats – would be so blatant about their hypocrisy. It’s not that one would expect GM to be grateful in a financial way, but to at least have the humility to sit this election out. Mitch McConnell and Republicans taking money from TARP recipients is not the lest bit shocking, It is part and parcel of the deep structural corruption – moral and financial – of the conservative movement. And Republicans have never paid much mind to being blatant hypocrites. Fox News’ payola problem: Dick Morris pushed GOP group after they paid him
Dick Morris used his position as a Fox News “political analyst” to tout and solicit donations for the Republican-aligned group Americans for New Leadership weeks after they began paying him thousands of dollars. During his appearances, Morris did not disclose that he was receiving money from the group.
To the contrary, Morris appears to have significantly misled Fox News viewers about his financial ties to Republican entities. On Wednesday’s O’Reilly Factor, Morris said he is working hard for the Republican Party and then added, “without compensation.” Morris did not reference ANL or any of the numerous other Republican entities that have been padding his bank account.
I’m not sure it is possible to misle the average Fox viewer. They’re like sheep who tune in to get their daily helping of Fox kool-aid. If ethics come between them and winning, ethics will die a horrible death trampled by their little hoofs.
Is Washington Post conservative George Will America’s Worst Columnist? Alan Grayson(D-Fl) could have used a little better judgment to show how in fact Dan Webster(R-FL) is a member of the American Taliban in terms of ideology. That does not make Greyson historical partners with the likes of George W. Bush, Donald Rumsfeld, Paul Wolfowitz or Dick Cheney. Gen. Hugh Shelton: Bush Officials Pushed For Iraq War ‘Almost To The Point Of Insubordination’ (VIDEO)
Former Joint Chiefs chairman Gen. Hugh Shelton says that, during the Bush administration, Defense Secretary Donald Rumsfeld, his deputy, Paul Wolfowitz, and other Pentagon officials pushed to go to war with Iraq “almost to the point of insubordination.”
“There was a very strong push in those days for us to go into Iraq, and there was absolutely no intelligence, zero, that pointed toward the Iraqis.,” he told Christiane Amanpour on ABC’s ‘This Week’ on Sunday. “It was all Al Qaida, Osama bin Laden. And yet there was an element there that was — that was pushing to go into Iraq at the same time.”
George Bush was focused on Afghanistan and initially resisted the pressure to invade Iraq, Shelton says. But he was eventually convinced.
“Afghanistan, remember, was going very, very well,” Shelton said. “The drumbeat back here in Washington was still pushing, coming out of the Pentagon, let’s go to Iraq, let’s get — take him out. And he finally said, let’s go.”
Gee, how could Bush – the tough guy who thought with his “gut” finally give in to pressure. George Will’s outrage and sense of equivalency, like most conservatives is broken beyond repair. Grayson’s one political ad, in the great scheme of the things, is worthy of the boiling point of outrage? Bush and Company betray the nation and gets a giant shrug.
Millions of Americans are suffering from Bush-era economic policies, the planet is slowly baking, thousands of Americans will be killed this year by auto accidents ( not terrorists) and conservatives want America’s vote because of their boogeyman theories about Islam, immigrants who are picking lettuce and cleaning houses and gays who have some kind of agenda – Social Conservative Robocall Drops ‘Homosexual’ Reference Ten Times In Attacking Democrat
Over the weekend, Gary Glenn, the chairman of the Campaign for Michigan Families, released a robocall attacking the Democratic candidate in the race, Tony Sessoms, as a stooge for the “homosexual activist agenda.”
Where reasonable people see no big deal, uber conservatives get traction on weird sh*t from their sordid nightmares.
Republican House candidates with the most bizarre, unnerving and downright alarming baggage who just might sneak through next week (Slide show). Jesse Kelly (R-Arizona, 8th District) aligns himself with neo-Nazis, Allen West (R-Florida, 22nd District) who wrote for a misogynistic biker gang, Tom Ganley (R-Ohio, 13th District) under investigation for rape by another conservative, Jeff Perry (R-Massachusetts, 10th District) was involved with the stripe search and humiliation of a minor girl, Brad Zaun (R-Iowa, 3rd District) foul-mouthed stalker, Austin Scott (R-Georgia’s 8th District) thinks everyone should pass a drug test to get unemployment benefits. OK, but only if Republicans can pass a mental health tests before taking public office.