General Motors Co., which is 61% owned by the U.S. government, resumed making political donations after an 18 month break.

The company's political action donated a total $48,000 to Republicans and Democrats, with contributions going to figures including Sen. Charles Schumer, D-NY, and Rep. Dave Camp, R-Midland, The Detroit News reported.

The political action committee stopped making political donations after the company won a government bailout.

Spokesman Greg Martin defended the decision to resume donations.

"GM cannot sit on the sidelines while its competitors and other industries -- all who maintain PACs -- participate in the political process," Martin said.

Increase your money and finance knowledge from home

Investment Strategies

What's your investing game plan?

View Course »

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Add a Comment

*0 / 3000 Character Maximum

3 Comments

Filter by:
billc21boss

Help GM with their problem---BUY FORD!!

September 22 2010 at 3:47 PM Report abuse rate up rate down Reply
chetrice3

Totally inappropriate! Government bailout money being used for political contributions. It will be nice when GM and their government supporters are gone. The government should not be involved in the automobile business and the people that can't run those businesses properly and profitably should not be involved with government political contributions until they are spending their own money, not the taxpayers money. It's the same as welfare money being spent on political contributions. Absolute corruption! I have no desire for one of their vehicles, yet I am helping to pay for each one that is on the road. Down with GM and Chrysler and their incompetent government supporters! The support of these unsuccessful and poorly managed companies is quite a burden for the productive tax payers in this country. Obama is doing a great job of trying to make this a third world country!

September 22 2010 at 8:22 AM Report abuse +4 rate up rate down Reply
gps555

Maybe GM can give Aunt Zenti some cash and a new Cadillac Esclade after she gets her citizenship.

September 22 2010 at 8:10 AM Report abuse +4 rate up rate down Reply