Skip to comments.Lobbying hit record $3.5 billion in 2009
Posted on 02/12/2010 7:45:46 PM PST by NormsRevenge
WASHINGTON What recession?
Health care and business interests led the way as clients spent a record $3.5 billion on lobbying last year, prompted by Obama administration drives to reshape federal policy for the medical, financial and energy industries.
Amid a stagnant national economy and the worst unemployment in nearly three decades, lobbying expenditures grew by 5 percent from the $3.3 billion spent in 2008, according to the nonpartisan Center for Responsive Politics. The growth also came despite efforts by President Barack Obama to curb lobbyists' influence.
The figures underline the vast and growing sums that industries, unions and ideological groups are spending to shape laws and regulations. Put another way, the $3.5 billion is about half what the government expects to spend this year on the entire federal court system.
(Excerpt) Read more at news.yahoo.com ...
This is only one day of our interest on the debt.