Monday, April 05, 2010

Obama ushers in golden age of lobbying

The Wall Street Journal writes:

The National Journal last week rolled out its 10th annual survey of pay levels for Washington trade associations, confirming that for lobbyists this is the Golden Age. And needless to say, the political class is not clamoring for a pay czar.

The Washington insider magazine looked at 514 tax forms between 2007 and 2009 and found that no fewer than 89 executives for trade groups earned more than $1 million. That's a 30% increase from the 2008 survey. Perhaps you recall the now-distant promise of a Presidential candidate who said he would reduce the influence of lobbyists. Who was that guy?

With Congress taking over management of medical care, and considering taking over energy production, it is not surprising that top lobbyists are in demand.

RELATED: Silicon Valley will likely need more lobbyists now that Democrats are now threatening to impose "frankly ridiculous" regulations on angel investors.

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