Monday, November 03, 2008

Today's Lobbying, Tomorrow's Legislation

Despite America's financial meltdown and rapidly rising unemployment, lobbying firms are on a tear. CQ Politics reported lobbying firms signed up 500 new clients in October and annual revenues will likely top $3 billion.

Those "in the know" understand the relationship between the lobbying increase and America's financial trouble. Carlyle Group co-founder told Alaskans on October 25, "the mother of stimulus bills" is coming in January 2009. He advised them to get in line, even detailing which industries could be big winners.

Today, Robert Rubin echoed the need for "stimulus" in an Op-Ed in the New York Times. He and co-author Jared Bernstein said:

With the current financial crisis, our joint view is that for the short term, our economy needs a large fiscal stimulus that generates substantial economic demand.

Today's lobbying influences tomorrow's legislation. Stay tuned for major corporafornication in America's Government Industrial Monstrosity, Eisenhower's MIC on steroids. Bush won't be signing this particular bill. Who will?

No comments: