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Tag Archives: lobbying

Defense contractors lobbying agencies in secret?

Washington is the land of lobbyists. Every interest it seems is out to game the system for its benefit. The defense contractors, which rely on taxpayer dollars for nearly their entire existence do a lot of it.

Given that these companies are basically supported by the taxpayer they are supposed to be subject to special lobbying disclosure reporting. Politico reports however that despite these disclosure laws, the regulations appear to be widely ignored.

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Banks’ Lobbyists “Help” in Drafting Financial Bills

 

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.

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