Wednesday, April 22, 2009

Bailout Recipients Continue to Lobby Congress

From the Associated Press:
The top 10 recipients of the government's $700 billion financial bailout spent about $9.5 million on federal lobbying during the first three months of the year.

The biggest spender was bailed-out automaker General Motors Corp., which devoted $2.8 million to lobbying in the first quarter of 2009. It has received $13.4 billion in government loans and could get $5 billion more, according to a government report released Tuesday

It sure seems like our money just flows back and forth between Congress and the bailed out companies!

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