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.
That’s right- corrupt politicians passed corrupt legislation for the benefit of corrupt corporations which are now donating big bucks to those same corrupt politicians’ re-election campaigns.
And GM is not alone: companies that received federal bailout money, including some that still owe 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 Asset 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 and President Obama expanded its use to GM and other auto makers.
Despicable. But go ahead, unthinking herd, send the very same people back to Washington so they can continue to pillage taxpayers and enrich corporations who will then enrich them in return. Go ahead… send them back.