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Tag Archives: lobbying

Lockheed Martin pays $4.7 million to settle charges it lobbied for federal contract with federal money

This is nice. Lockheed Martin runs a nuclear lab in New Mexico which gets federal funds, taxpayer money. The company recently lobbied for an extension of its contract with the government on a no-bid basis. Seeing as Lockheed doesn’t have piles of money lying around (they do) the company figured that the best way to secure a no-bid contract was to use taxpayer dollars which were allocated for national security purposes, and to instead hire a former congresswoman turned lobbyist to help secure said no-bid contract with the money.

That’s right, we directly paid for Lockheed to crony it up on the Hill so that the giant company could infuse itself with more of our money. (Without even having to worry about competition.)

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For Every Dollar Spent Influencing US Politics, Corporations Get $760 Back

I almost don’t want to write it, but if one is OK with crony capitalism, essentially stealing from the American citizenry via any number of official means, investing a few bucks in cronies gives amazing returns.

I am always astounded by the favors (almost always legal favors) politicians give out for relatively paltry sums. Sure Mr X goes to work for Y company after working at Z agency and Y company just happens to get a contract. But that contract(s) might be worth billions. The newly hired ex-bureaucrat costs maybe a few hundred thousand dollars per year. Chump change.

A solid return on investment. And with campaign contributions to congresspeople the ROI is often even better.

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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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