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 hire a former congresswoman turned lobbyist to help secure said no-bid contract with the money.

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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.

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2012 GOP Candidate goes full crony, Heads banking lobbying group for $1.8 million/year, Supports Dodd-Frank

This guy ran for president. I promise.

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.

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