Do we all remember all the hell that was raised over the AIG bonus's paid ???Well how about this one!!GM will still pay lobbyists in DC
General Motors will continue its multimillion-dollar lobbying operation in Washington, even after the federal government takes ownership of it. The automaker may even maintain its high-dollar lobbying contracts with some of the wealthiest and most influential K Street firms.
“We believe we have an obligation to remain engaged at the federal and state levels,” General Motors stated in an e-mail after President Barack Obama announced his plan for the federal takeover of the carmaker, “and to have our voice heard in the policymaking process.”
As a result, some of the jobs that the White House will save with this unprecedented nationalization could be on K Street in downtown D.C., rather than in Detroit.
GM spent $13.1 on lobbying in 2008. In the first quarter of this year, while surviving on federal bailout money, the company’s lobbying tab was $2.8 million.
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