Bailed-Out Firms Using Bail-Out Funds to Lobby for More Government (i.e. Taxpayer) Money

Bailout ActionThe NY Times was reporting on this over a year ago and now we have a recent report from Fox News. As much I believe in “freedom of speech” the Supreme Court has already made it much easier for corporations to influence our government, and I definitely am NOT willing to pick up the tab for it … Stephen Clark of report from Fox News writes:

Several companies that escaped financial failure two years ago through massive taxpayer-funded bailouts are spending millions of dollars to make donations to political causes and even some candidates’ campaigns.

General Motors, Chrysler and Citigroup are just three of the biggest bailout recipients who have continued to remain politically active, through their political action committees, federal lobbying or direct donations to the pet projects of lawmakers.

The potential public relations disaster for firms spending big dollars on political causes and federal lobbying after being extended a taxpayer lifeline has led some, such as AIG, Fannie Mae and Freddie Mac, to suspend their political activities until they pay the government back in full.

Read More: Fox News