Big Pharma Lobbies To Keep People Hooked On Opioids?

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.

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Federal Reserve meets with protesters afraid that a rise in interest rates will hurt Dem election chances

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.

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About half of retiring senators and a third of retiring House members register as lobbyists

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?

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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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