Thread: GM on the comeback trail....

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Originally Posted by IC2

Gov't Motors are doing so well that they can even donate to politicos (uhhhh isn't that an oxymoron):

"GM donates $41,000 to lawmakers' pet projects

By T.W. Farnam
Thursday, August 5, 2010; A15

When General Motors went through bankruptcy last year, it suspended its political donations. Now that it's owned by the U.S. government, it's donating to lawmakers' pet projects again.

The carmaker gave $41,000 to groups associated with lawmakers, the vast majority of it -- $36,000 -- to the Congressional Black Caucus Foundation, the company reported on a disclosure form last week. The CBC Foundation is a charity with 11 members of the Congressional Black Caucus on its board. "

From the Washington Post (believe it or not). Here's the rest of the article:http://www.washingtonpost.com/wp-dyn...407086_pf.html

Let's see if I understand this. If a coupla local wise guys comes into Tony's corner deli and "encourage" him to make a payment to them to protect his business from, oh say, having his window broken out, or something else violent happening, it's called extortion in the law (or "protection" from the wise guys point of view). But if a politician does essentially the same thing it's called a political contribution................okay, I got it now.

What would it then be, oh just hypothetically, if a politician were to then void the legal financial standing of, oh let's say bond holders in a corporation, and gift that financial value to some cronies, let's say maybe a trade union, who (the union) in turn gives some of that money back to the politician in the form of a "political contribution"? Wonder what that is? Before you start thinking of ridiculous terms like theft, money laundering, or some such, don't forget about the expression, "business as usual"..................well, for some anyway. Move along, nothing to see here....