In his self-styled war against Wall Street, President Obama appears to have a powerful ally: Goldman Sachs.
The nation's largest investment bank, famously cozy with top government officials in both parties, has tipped its hand to its shareholders, indicating that major financial "reform" proposals will help Goldman's bottom line.
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WHAT: For the lobbying industry, 2009 was the most profitable year ever. Special interests paid $3.47 billion to lobby the federal government last year, up from $3.3 billion in 2008. The nonpartisan Center for Responsive Politics tallied income data from tens of thousands of disclosure filings.
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Foul language emanating from the Board of Supervisors chamber recently received considerable coverage by the media. But now, a different word is garnering attention: whoops.
Maybe you’ve caught wind of the “leftier than thou syndrome,” whereby the board’s ruling majority is publicly griping about the Police Department’s push for a new sit-lie law to deal with dangerous street thugs.
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In his State of the Union speech, President Obama referred to last week's Supreme Court decision striking down restrictions on corporate political advertisements, saying, "I don't think American elections should be bankrolled by America's most powerful interests."
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In his State of the Union speech, President Obama referred to last week's Supreme Court decision striking down restrictions on corporate political advertisements, saying, "I don't think American elections should be bankrolled by America's most powerful interests."
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At the bottom of this post, I've pasted a State of the Union excerpt released by the White House, regarding lobbyists, special interests, and government ethics. Here, let me fact-check some of his claims, many of which could easily spur a Joe Wilson-type outburst from people more familiar with the facts:
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President Obama on Monday credited the Senate for "standing up to the special interests -- who've prevented reform for decades, and who are furiously lobbying against it now." But the health care "reform" bill, passed late Sunday night, provides the drug companies with billions in taxpayer-funded subsidies, government-sanctioned monopolies, and mandates forcing people to buy drug insurance.
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Susette Kelo's little, pink house in New London, Conn. -- like the houses of all her neighbors -- is now a pile of rubble, overgrown with weeds. But Pfizer, the company that called for the demolition in order to build a new research and development plant, announced Monday it is packing up and leaving town in order to cut costs after its merger with fellow drug-giant Wyeth.
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Barack Obama's White House has declared war on the largest lobbying organization in the country, the U.S. Chamber of Commerce. It figures to be a tough fight.
Obama has had a good deal of success winning the support of individual companies by pushing regulations that would cement their market share and increase their profits.
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The U.S. government says Kevin Ring, onetime colleague of jailed influence peddler Jack Abramoff, was a crooked lobbyist who should go to jail for wooing lawmakers and their staff. But absent any evidence of a specific illegal act of corruption, prosecutors have been forced to try Ring for simply being a lobbyist.
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URL: http://www.sfexaminer.com/taxonomy/term/1920?page=6
