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The Lobbying Bubble
Posted By Barry Ritholtz On April 25, 2011 @ 11:30 am In Politics,Taxes and Policy | Comments Disabled
In the podcast  I did with Dylan Ratigan  last week, I mentioned we needed a Constitutional amendment mandating public funding of all federal elections. It seems to be the only way imaginable to get all of the dirty money and corporate lobbying efforts out of each and every attempt to close tax loopholes, reduce overall spending, and fix the tax code.
As if on cue, Tim Iacono  points to this outrageous chart (via Time Magazine) showing how much dirty lobbying money has poured into DC over the past decade:
Source: Time magazine .
If you want to understand why the problems in DC are intractable, start with that graph above.
Government for Sale: 2009 Lobbying $3.49 Billion  (July 14th, 2010)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/04/the-lobbying-bubble/
URLs in this post:
 podcast: http://www.ritholtz.com/blog/2011/04/podcast-ritholtz-on-radio-free-ratigan/
 Dylan Ratigan: http://www.dylanratigan.com/
 Tim Iacono: http://timiacono.com/index.php/2011/04/25/silver-bubble-washington-bubble/
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/04/11-04-25_washington_bubble21.jpg
 Time magazine: http://www.time.com/time/magazine/article/0,9171,2065244,00.html
 Government for Sale: 2009 Lobbying $3.49 Billion: http://www.ritholtz.com/blog/2010/07/2009-lobbying-expenses-3-49-billion-dollars/
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