What happens when an industry “marketing board” decides that it wants to give money to industry lobbying efforts but is prohibited by law from doing so?
And as reported in the below article many of these very powerful and monied groups lobby on issues which are of little importance from a business perspective to their members.
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 hire a former congresswoman turned lobbyist to help secure said no-bid contract with the money.
That’s right, we allegedly 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.)
As a Democrat she’ll be particularly well positioned. The former senator will be able to occupy the enviro/oil industry sweet spot quite comfortably. Lots of money (one way or another) on both sides of that political equation.
How it works folks.
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.
Cops shouldn’t be soldiers and soldiers shouldn’t preform police actions. This is a general rule of thumb which keeps everyone out of trouble, cops, soldiers, and politicians.
Is Apple being given a hint to fork over more campaign contributions?
It’s the imperial city folks.
Remember Tim Pawlenty? Few do, but the former Minnesota governor did raise his profile just enough in the 2012 campaign to land a sweet job as CEO of the Financial Services Roundtable, a big time bank lobbying group.
The small government people keep harshing the lobbyist’s buzz, man.
In fairness the companies probably feel that they don’t have much choice but to keep their mouths shut. Hopefully this will change.
Here’s one bit I will give the President. He has made at least some of the visitor logs public, but not all, which is an important point. Other presidents have held visitor logs even more closely.
The pharmaceutical lobby is the most influential in Washington DC according to a recent survey by APCO Worldwide.