December 18, 2009
THERE'S A REASON US GRANT'S ADMINISTRATION IS CONSIDERED UNIQUELY CORRUPT:
President Obama's Surprising Relationship With Lobbyists and Big Business: Tim Carney discusses Obamanomics. (Jessica Rettig, December 18, 2009, US News)
Barack Obama campaigned for president, says Tim Carney, as an advocate for big government, claiming that more federal regulation and spending will protect American consumers against the excesses of big business. But, Carney argues in Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses, the president's push for more intervention has actually favored big business and lobbying. Carney, lobbying editor and columnist at the Washington Examiner and award-winning author of The Big Ripoff, recently chatted with U.S. News about the surprising relationship between big government and big business and how Obama is helping the same special interests he says he's fighting.Why do lobbyists benefit from Obamanomics?
Whenever government gets more involved in the economy, a lobbyist becomes more of a necessity. If the government is leaving your business alone, you might not need a lobbyist. When the government is handing out hundreds of billion of dollars, investing in a lobbyist becomes more worthwhile. So Obamanomics is a broad stimulus for K Street.
Posted by Orrin Judd at December 18, 2009 2:00 PM
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