Lobbyists and Our Economic Woes

Government regulations? Who needs regulating? Wall street and off-Wall Street bankers and mortgage companies? Sure. What about more government regulations on lobbyists? Whoops! Can Congress bite the hand that feeds them? What role have lobbyists played and are still playing with the downfall of the American economy? Just exactly who/what are the lobbyists? For real?

Has anyone said anything at all about the involved lobbyists hidden in the background, their contracted influence via bribes, and their takeaway pay from this Great American Robbery? Oh yeah, including their takeaway bonuses from their clients? Moreover, Good Gawk! — did the these lobbyists even destroy their own clients? Tell us which lobbyists paved the way for less or no regulations in the financial markets?

There must be a lobbyist or lobbying organization for everything concerning money, beliefs, power… What concerns me here are those lobbyists of Wall Street, mainly the guys whose clients were bailed out. “Commit the crime, do the time.” — Sure.

Lobbying brings corruption, many believe, but not all lobbying is bad. Consider Bill Clinton’s views on the subject as he defended his wife’s taking lobbyist money for her campaign:

“Lobbyists are registered, they register with the federal government and can give the same amount of money, $2300, anybody else can. That’s not going to influence you. What gives the lobbyists influence is the people who hire them to work for them. It’s all the people they represent. So all these people who don’t take money from lobbyists, they take money from the lobbyists’ spouses, their children, their brothers, their sisters, from all the people they represent. It’s a distinction without a difference, I think. There’s no significant financial gain, because there’s not that many lobbyists. If we’re going to take money from the guys who pay the lobbyists, why treat them [the lobbyists] as less than full citizens?”

–from Wikipedia.

And.

Economist Thomas Sowell defends corporate lobbying as simply an example of a group having better knowledge of its interests than the people at large do of theirs.

Another quote of Thomas Sowell is apt to the destruction of today’s American economy:

“The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way.”

–from Wikipedia.

Well, lobbyists are the wheels of Industry, the wheels of Wall Street, the wheels of Congress, the wheels of state legislatures, even the wheels of the President’s administration. Guess what?

The squeaky wheel always gets the grease. Only this time, not for the wheels to run well //business as usual// but with a different kind of grease needed for things that went way, way wrong for the lobbyists and way disastrous for the Nation.

It’s not nice for me to be so blunt, but this time since the Great Depression, just please bend over, you American people, and reach for the lube, prepare for lots of mental pain and for lots of physical hurt. Good Gawk! — any new finger-pointing especially needs to aim for those lobbyists who screwed us. Someone please check it out. Are lobbyists lacking in, not more regulations, but in those kind of government regulations that could curtail corruption?

–30–



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2 Comments so far

  1. Stan Nodvik November 3rd, 2008 3:06 pm

    Obama in one of his speech today mentioned the lobbyists.

  2. Stan Nodvik November 14th, 2008 9:56 am

    “…the capital’s $3 billion-a-year lobbying industry… Washington’s 16,000 registered lobbyists…”

    I gleamed these two facts this morning from an AP story (The Influence Game: Lobbyists adapt to power shift). I urge you to reread my above article called “Lobbyists and Our Economic Woes” that was posted in October.

    –30–

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