“Pay to play” laws restrict presidential candidates from taking money from investment firms which do business in the home state of a particular candidate. This is a problem for Christie as a number of large banks are based in New Jersey, right across the Hudson River from Manhattan.
Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.
The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address, access to healthcare and a corrupt banking system respectively, are problems created by prior government involvement in the marketplace.
I guess it’s a negotiable number.
Bloomberg reports that after the teachers unions the postal unions, give more to congressional Dems than any other group of unions, $9.6 million over the past 5 years. There’s a post office in each congressional district after all.
I actually think this is a great idea. It would certainly make CSPAN more watchable.