Wednesday, May 4, 2011

The Lobbying Bubble, Illustrated: Loads of Cash for Finance and Big Pharma

From Time Magazine (via the Big Picture), we have a stark illustration of the extent to which much (most? all?) of Washington politics has become a pay-to-play political system. Nominal spending on lobbying in D.C. has more than doubled in the past decade:

Perhaps not surprisingly, the sectors awash with the most money are 1) Finance, Insurance, and Real Estate and 2) Big Pharma.

Ironically, the push towards smaller government spending might further inflate the lobbying bubble - with a shrinking federal pie, different interest groups will have to fight each other even harder to win larger slices of a shrinking federal government pie, which means lots of money for high-paid K Streeters.

I was also interested to see the sectors in decline - three of the biggest are key conservative social issues. I wonder if this means that social conservatives believe that they have either won those battles or think they are lost causes.

5 comments:

  1. I know this really is genuinely dull and you’re missing to another comment, but I merely desired to toss a large thank you — a person resolved the main things individually! Low California mortgage rates

    ReplyDelete
  2. Here's what I recommend:
    Understand your credit score before you go to the dealership.
    If your credit isn't perfect, get financing quotes before you go.
    Keep the term as short as you can afford.
    Put 20 percent down.
    Pay for taxes, fees, and “extras” with cash.
    When to refinance a car loan.

    ReplyDelete
  3. Finances exist on the state level and also on the manufactures and branches' level too, and in such conditions, when the most part of the manufactures are not state.real estate practice test

    ReplyDelete
  4. Very nice article, I enjoyed reading your post, very nice share, I want to twit this to my followers. Thanks!. currency exchange rates widget wordpress

    ReplyDelete
  5. Not a solitary second abandoned abandoning me in absolute shock.
    loan-republic

    ReplyDelete