Lobbying Machine in High Gear Despite Economy

August 5, 2010 -

As the economy trudges along and prices rise across the board for the working man, you’ll be pleased to note that the business of lobbying is apparently recession proof.

A report from Open Secrets reveals that special interest groups spent over $852 million across April, May and June of this year. Overall more than 11,100 groups hired over 10,500 lobbyists (outnumbering members of Congress by about 20 to 1 it was noted) during 2010’s second quarter.

Companies falling under the umbrella of finance, insurance or real estate spent $126 million lobbying over the three month period, a gain of 12 percent over the same period one year earlier. Commercial banking interests spent $15.5 million lobbying during the quarter, up 20 percent, while firms from the securities and investment sector dumped $27.6 million into lobbying efforts, a jump of 26 percent.

Lobbying efforts in 2010 are on track to outdo 2009 figures, which was a record year:

Since January, all special interests combined have reported spending more than $1.78 billion on lobbying. If spending continues at this pace, lobbying expenses this year will match, if not eclipse, the record $3.49 billion spent on lobbying last year.

Not surprising then perhaps, that confidence in congress is at an all time low.

Image taken from a fascinating (and disturbing) Lawrence Lessig presentation, which discusses the subjects of lobbying and campaign finance.


Comments

Re: Lobbying Machine in High Gear Despite Economy

As much as it sucks, lobbying is how things get done in governments. 

At least they "drained the swamp"...oh, wait. :(

Re: Lobbying Machine in High Gear Despite Economy

What exactly does lobbying entail? Meeting members of congress? Writing legal letters? I don't understand why it's quite so expensive.

Re: Lobbying Machine in High Gear Despite Economy

Lobbying is a way for businesses and special interest groups to contact members of the legislative branch in order to pass laws that are friendly to the lobbyist's employer.

The reason it is looked at so negatively is for many years these lobbyists have been giving gifts and meals that most people would consider excess. They pay for trips to hot vacation spots, buy meals at expensive restaraunts, buy watches and suits etc. They do all this while the rest of us US citizens have to email, write letters and make phone calls and hope that we get through the assistant filter in order to actually talk to our elected representatives.

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

Re: Lobbying Machine in High Gear Despite Economy

'Gifts'. Like all those dinners for Biden, the trips for Clinton, the list goes on and on and on.

Draining the swamp my ass.

 
Forgot your password?
Username :
Password :

Poll

Which video game platform are you most thankful for?:

Shout box

You're not permitted to post shouts.
Andrew EisenThe story you just linked to? The story you asked if anyone had seen? Yes, THAT obnoxiousness. I've heard it parroted for nearly two years now.11/27/2014 - 7:57pm
ZippyDSMleeAndrew Eisen: That shes an ex con man?11/27/2014 - 7:54pm
Andrew EisenI've heard the same obnoxious horse poo for years. It's nothing new.11/27/2014 - 7:45pm
ZippyDSMleeAlso anyone see this? http://guardianlv.com/2014/11/anita-sarkeesian-unmasked-feminist-icon-or-con-artist/11/27/2014 - 7:28pm
ZippyDSMleeEvil within is a badly designed game.11/27/2014 - 7:28pm
Andrew EisenSure but you said "widens," hence my confusion. Looking into it, yep, there's a tweak to completely re-frame the image, adding more info at the top and bottom. You apparently need a fairly beefy rig to keep it running smooth when you do that though.11/27/2014 - 6:48pm
Matthew Wilsonthere is vertical fov, not just horizontal fov11/27/2014 - 6:38pm
Andrew EisenWell, you can widen it to 3:1 or even 10:1 but I don't know why you'd want to. From what I understand it's the missing visual info at the top and bottom that some object to, not that there isn't enough on either side.11/27/2014 - 6:36pm
Matthew WilsonI think it widenss the fov, so you get to see more.11/27/2014 - 6:31pm
Andrew EisenI don't see how as doing so would not add any visual information to the top or bottom of the screen.11/27/2014 - 6:04pm
Matthew Wilsonfrom what I read, getting rid of the black bars and stretching it out made for a better play experience.11/27/2014 - 5:59pm
Andrew EisenFrom what I hear, there's a ton of "look up and shoot at the guys above you" stuff in the game that the wider frame doesn't accommodate such actions well.11/27/2014 - 5:55pm
Andrew EisenHaving a game run in scope is not necessarily a bad thing but like any aspect ratio, you have to compose your shots correctly.11/27/2014 - 5:55pm
Neo_DrKefkaThe Evil Within was pretty bad and to make it worse the way the screen size made it hard for you to see even on a big screen it really hurt the game. Being Artistic is great but when you focus on art rather than what sells you run the risk of that happen11/27/2014 - 5:33pm
Matthew WilsonI kinda hope this is not true. http://www.nintendolife.com/news/2014/11/nintendo_might_not_be_making_more_gamecube_controller_adapters_at_the_moment11/27/2014 - 1:34pm
Matthew WilsonI saw that. I wish people would stop preording, but sadly that will never happen.11/27/2014 - 1:26pm
Papa MidnightUbisoft has cancelled the Season Pass for Assassin's Creed: Unity (http://www.reddit.com/r/pcmasterrace/comments/2ni2ac/ubisoft_cancel_season_pass_for_ac_unity/)11/27/2014 - 1:08pm
NeenekoBut now I can use the christmas discount justification too,11/27/2014 - 11:46am
NeenekoI am also sorely temped by Civ:BE, mostly because I have a demo coming up and I know my productivity will tank.11/27/2014 - 11:45am
MaskedPixelanteThe Evil Within is only a month old, right? And it's already 66% off...11/27/2014 - 10:29am
 

Be Heard - Contact Your Politician