June 7, 2010


THE WONDERFUL WORLD OF LOBBYING


Looking at the list of the Top 25 Lobbying Firms of 2009, a quick summation their revenues reveals that they collected fees of just under $2. 5 billion.  Now that's just their fee, not the total "handle" of sums distributed through direct political contributions, contributions to PAC's, and other valuable consideration given to grease the cogs of government to turn at their whim.


Among the firm names are familiar political surnames such as Boggs, Podesta, Breaux, Lott, and so on. Many more popular names are veiled by non-inclusion in the name(s) on the shingle.  The next step up for a Senator is to become a lobbyist - a facilitator of bribery.


One that jumps out at me is Washington Council Ernst & Young. I don't know who or what Washington Council is, but I do recognize Ernst & Young as a giant accounting and consulting firm cited in no less than six major accounting scandals. Names like Enron, HealthSouth, and Lehman Brothers seem to be indelibly linked to Ernst & Young, much like the persistent taint of skunk oil.


Last week Ernst & Young was fined 500,000 plus 2,400,000 in costs (that's $4. 2 million U. S. grocery dollars) in England for their role in the collapse of Equitable Life.


A class action suit against Ernst & Young is ongoing in the Lehman Brothers collapse. Did I say "collapse" again?


These folks, among a sea of other political hacks, are guiding the future of legislation in Washington. Their $2.  5 billion in fees (and that's just the top 25 firms) reflects a tiny fraction of the dollars put into play with our leadership in exchange for favorable disposition of the wishes of their clients.


Capitalism, or should we say "Capitolism," has it's flaws, and the Washington Lobby is one of them.