Friday, October 25, 2013

Money, Politics and Corruption

While our government was awash in corruption before Citizens United created a PAC frenzy, the Center for Public Integrity reports over the top numbers for lobbyists, and it's not even peak election season yet, this looks to be a record year for lobbyists throwing money at government.
But prompted in part by roiling debate over a national farm bill, the Grocery Manufacturers Association reported spending $7.47 million to influence the federal government — never before had it cracked the $2 million mark for a single quarter. A representative for the association could not be reached for comment.
Ahead of Obamacare implementation on Oct. 1, drug makers Amgen Inc. ($2.52 million) and GlaxoSmithKline ($1.27 million), increased their quarterly lobbying expenditures compared to the third quarter of 2012. So did other large lobbying forces with prominent health care interests, such as the American Chemistry Council ($4.75 million), American Medical Association ($4.27 million) and the Biotechnology Industry Organization ($2.02 million).
AT&T Inc., oil company Chevron Corp., Coca-Cola Co., defense contractor Raytheon Co., United Parcel Service, tech firm Hewlett-Packard and bank Wells Fargo also recorded spending increases compared to their performances during last year’s third quarter.
And prominent members of the gun lobby — both for and against firearm restrictions — also topped totals from 2012’s third quarter, although their spending levels were generally down from the previous quarter this year.

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