In their unrelenting contempt for the general population, it has become glaringly evident over the course of this past decade that the U.S. Congress has become so rife with corruption — the best government that money can buy if you lobby for a large corporation — and complete disdain for the oaths they swear to upon taking office, that America has been sold out.
Despite having about 1,500 fewer registered lobbyists in town this year, last year’s record of $3.3 billion dollars that was spent lobbying Congress and the rest of the federal government is reportedly on track to be shattered according to data collected by the Center for Responsive Politics.
Main Street continues losing jobs while seeing little if any evidence of the economic revival the ‘experts’ continue eluding to while K Street continues raking it in. Despite his pledge to reign in lobbyists and the influence they possess in Washington, many lobbying firms escaped the worst of the economic crisis thanks to President Obama’s massive economic stimulus package that he kicked off his Presidency with.
Traditional big spenders like the real estate and telecommunications sectors, as with many other sectors, cut down on the amount of money they gave to K Street but legislation on health reform, financial reform and climate change has made up for K Street’s lost compensation during these challenging economic times.