This takes away a big crony plum. 5 years is long time to wait to lobby. Laws change. Leaders change. Your value as an insider diminishes.
I read sometime in the last year that the pharmaceutical lobby is widely thought to be the most powerful lobby in Washington.
Consider that for a moment. More powerful than oil and gas, more powerful than the lawyers, more powerful than the banks. Pharma is the biggest dog on K Street.
Well they didn’t say that exactly but everyone understands that a rate rise from the Fed might send stocks tumbling along with Democratic chances of taking the White House.
It’s interesting that the Fed folks met with these protesters as they seem quite uninterested in meeting with people who actually protest the insanity of the central planning organization (and who know what it does). The Fed critics far outnumber activists simply concerned with higher interest rates.
Washington DC is a company town. In Washington money and power flow back and forth in a strange double helix of back scratching and back stabbing. We shouldn’t be surprised that people latch onto Capitol Hill. It’s a seductive place.
Willie Sutton was once asked, “Why do you rob banks?”
The reply, “Because that’s where the money is.”
A similar question could be asked of many a congress person, “Why don’t you go back to the area you once represented?
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.
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.
Boeing in the political cockpit?
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.
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.