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View Full Version : Who Spends The Most Dollars Lobbying Washington, DC?




Lucille
03-11-2013, 05:12 PM
Makes sense, since the banksters already have the keys to the Treasury...

Who Spends The Most Dollars Lobbying Washington, DC?
http://www.zerohedge.com/news/2013-03-11/who-spends-most-dollars-lobbying-washington-dc


Oil? Financials? Aerospace? When someone asks who the biggest sources of lobby dollars for DC's politicians-for-purchase are, these are the three usual suspects that come to mind. Some may, therefore, be surprised to learn according to the database kept by OpenSecrets between Pharmaceutical and health product industry, hospital and nursing homes, health professionals and health services, HMOs, or more broadly Pharma/Healthcare/HMO, the total lobby dollars spent between 1998 and 2012 was a staggering $5.3 billion, or nearly three times greater than the second most generous industry: insurance, and well above Oil and Gas at $1.4 billion, and Securities and Investment at $1.0 billion. Is it becoming clearer why the US government has few qualms about unsustainable taxpayer funded healthcare spending, especially when there are so many current benefits accruing to the politicians who see so many billions in benefits from passing lobby-friendly laws now (by which we mean generous taxpayer funding, the bulk of which benefits the healthcare industry's bottom line)?

As for the costs: who cares - just dump them on future generations. It's not like anyone expects the $16.7 trillion in US debt to be ever repaid.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Lobby%20Dollars%2098-2012_0.jpg

[...] ROIs on various lobbying efforts range from a whopping 5,900% (oil subsidies) to a gargantuan 77,500% (pharmaceuticals).

How are these mingboggling returns possible? Simple - because they appeal to the weakest link: the most corrupt, bribable, and infinitely greedy unit of modern society known as 'the politician'.

That is why Barry's Big Fascist Medical System is so wildly popular with the political class.

More at the link

Brian4Liberty
03-11-2013, 10:48 PM
Is there a prize for guessing the correct answer before reading the article? ;)

UpperDecker
03-11-2013, 10:50 PM
#1 Big pharma AND #2 insurance. Well gee, that must just be a coincidence!

HOLLYWOOD
03-11-2013, 11:03 PM
Big Barry's Fascist Medical System


one of many...

Name an Insurance company that filed BK.

kcchiefs6465
03-12-2013, 12:02 AM
Hmmm. I don't see the MIC on your chart. An article I read a few weeks back had Pharma/Healthcare/HMO lobbying at about 3 times as high as MIC lobbying dollars.