Monday, May 11, 2009

Things You Learn By Reading

'Since 2000, the finance sector has funneled a total of $2.84 billion directly into the political system, $961 million in donations to candidates and political parties, $1.88 billion in publicly disclosed lobbying expenditures to influence Congress and the executive branch.'
--From former Washington Post reporter Tom Edsall's eye-opening
new piece in the Huffingtonpost. The emphasis was ours. Look for future installments of TYLBR.


At 7:49 PM, Blogger Michelle O'Neil said...

The pharmaceutical companies give them a run for their money:

Amount spent on marketing and "administrative costs" by the 11 biggest drug companies in 2004:

$100 billion

add to that 675 million for lobbying

And that's just one year!

Not that I'm getting into it. I'm so not getting into it.

At 7:58 PM, Blogger John Ettorre said...

In the race for the title of which industry is the worst, I'd call that a toss up. This stuff is why an increasing number of people have bumper stickers that say something to the effect of "we don't have elections, we have auctions."


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