Thank god that the Democrats are in control finally so that the special interests and lobbyists are no longer … uh … oh, wait :::
Lobbyists for healthcare, energy and financial interests had a banner year in 2009, with the average payout for each reaching as high as $177,000.
Despite his push to rein in special interests, President Barack Obama sparked a boom on K Street with major new proposals on healthcare, climate change and financial policies.
“The magnitude of the work done in the three fields is just huge,” said Michael Levy, of Brownstein Hyatt Farber Schreck’s Washington office.
New lobbying restrictions led to a decline in the number of registered lobbyists working for clients in each of the three industries, according to data from the nonpartisan Center for Responsive Politics.
The combination of more work for fewer lobbyists meant record payouts per lobbyist.
Lobbyists working in each of the three industries took home the most on average that they have in a decade, even when adjusted for inflation, according to analysis of the data by The Hill.
Many lobbyists work for clients in several policy areas, so the average payout by industry doesn’t necessarily equal the average overall compensation those lobbyists received. Spending was up in all three broad areas of healthcare, energy and financial-services reforms.
Healthcare clients spent the most overall on lobbying at $544 million, which was roughly $60 million more than in 2008. But there were more lobbyists (3,405) on healthcare issues than on either energy (2,311) or financial legislation (2,654).
Lobbyists earned an average of $160,000 for healthcare-related work.
Energy clients paid $409 million for an average of $177,000 per lobbyist. Lobbyists for energy clients beat out financial lobbyists for top billing.
That, combined with this story have me just shaking my head at all those hopey changey types :::
Barack Obama has long decried the corrupting influence of money in politics. As a candidate, he ran against lobbyists and the pay-for-play culture of Washington. As president, he has continued to hammer the theme, most recently in his impassioned attacks on the Supreme Court’s ruling inCitizens United v Federal Election Commission.
Given this, it’s a little surprising to learn that Obama has not only embraced the sordid money-driven culture of DC, but actually outdone his predecessors. An analysis by the American Foreign Service Association, for example, found that Obama has stuffed the diplomatic corps with more political appointees (i.e., cronies) than any president in the past 40 years. Only a year into the administration, close of half of the president’s biggest donors already have federal jobs.
But I already blogged about that.
February 23rd, 2010 | Economics, General Gov't Corruption, Partisan Hacking, Politics, The Department of Hope and Change
[...] From the Department of Hope and Change [K Street Addition] » The … [...]
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