26 January 2009

Lobbyists To Make a Killing Off Obama Stimulus

Washington Times takes note of the real winners of the proposed $825B stimulus package:

A Washington Times review of lobbying disclosure reports found that 18 of the top 20 recipients of federal bailout money spent a combined $12.2 million lobbying the White House, the Treasury Department, Congress and federal agencies during the last quarter of 2008.

For instance, the government bought $3.4 billion in American Express Co. stock on Jan. 9 as part of an aid package. In the last quarter of 2008, the company spent more than $1 million on federal lobbying.
To hell with investing in mutual funds, looks like the real money is investing in lobbying! Obama's economic adviser criticized the the stimulus package saying it was only going to help "white male construction workers", to which the lefty blog Crooks and Liars responded that many Americans were only capable of menial office work as opposed to physical labor. But, it seems like the lobbyist biz in D.C. is quite lucrative already. No wonder there is no recession in Washington.


Anonymous said...

Without "white male construction workers", what the hell are you going to live in? A house made of tile? Sleep on the new concrete sidewalk? We also do the electrical, plumbing, and HVAC for the houses. Without us "white male construction workers", at best, you'd have a house that's very tijuana-esque at best.

Better to give us the money than the Wall Street Brokers. We'll buy more tools to build more stuff.