Best of the Week
Most Popular
1.London House Prices Bubble, Debt Slavery, Crimea 2.0 - Russia Ukraine Annexation - Nadeem_Walayat
2. Gold And Silver – 2014 Coud Be A Yawner; Be Prepared For A Surprise - Michael_Noonan
3.Sheffield, Rotherham Roma Benefits Plague, Ch5 Documentary Gypsies on Benefits & Proud - Nadeem_Walayat
4.Glaring Q.E. Failure Spotted - Money Velocity Is Falling Rapidly - Jim_Willie_CB
5.Don't Miss the Boat on Big Biotech Catalysts: Keith Markey - Keith Markey
6.Gold Prices 2014: Do What Goldman Does, Not What It Says - David Zeiler
7.Bitcoin Price Strong Appreciation to Be Followed by Declines? - Mike_McAra
8.Gold Preparing to Launch as U.S. Dollar Drops to Key Support - Jason_Hamlin
9.Doctor Doom on the Fiat Money Empire Coming Financial Crisis - Andrew_McKillop
10.The Real Purpose Of QE - It’s Not Employment - Darryl_R_Schoon
Last 72 Hrs
Stock Market Bears Wrong Again, Apple to Push Dow to New All time High - 24th Apr 14
Gold Prepared for the Attack of the Short Sellers - 24th Apr 14
Weak U.S. Housing Data Supports Euro - 24th Apr 14
Killing the Maximum-Wage Myth - 23rd Apr 14
U.S. Quarterly Economic Review - Optimism at the Fed - 23rd Apr 14
Why Mohamed El-Erian Left Pimco - Video - 23rd Apr 14
QE Is A Fraud Perpetrated By Made Men - 23rd Apr 14
Gold and Miners Outperform Once Again - 23rd Apr 14
G-20 and the US Tell the Bank of Japan to End Quantitative Easing - 23rd Apr 14
How to Get in the Trading Game and Profit - 23rd Apr 14
Fed Follies, U.S. Housing Market Fiasco - 23rd Apr 14
What Will December 31, 2014 Financial Headlines Look Like? - 23rd Apr 14
Why Gasoline Prices are Surging Again - 22nd Apr 14
Cold War 2.0 - 22nd Apr 14
The JIS – Junk Ideology Syndrome - 22nd Apr 14
How to Avoid Losing All Your Money - 22nd Apr 14
Silver Up, Stocks S&P Down - 22nd Apr 14
U.S. Mainstream Media Propaganda Setting the Stage for War With Pakistan - 22nd Apr 14
U.S. Interest Rates are NOT Rising! - 22nd Apr 14
A Crisis vs. the REAL Crisis: Keep Your Eye on the Debt Ball - 22nd Apr 14
Bitcoin Implications of Lack of Price Action - 22nd Apr 14
Japan - The Twilight Of The Rising Sun - 22nd Apr 14
Is This What a Credit Bubble Looks Like? - 22nd Apr 14
The Dark Side Of The Silver Mining Industry - 21st Apr 14
Strong U.S. Dollar Rally Could Pull Rug From Under Gold and Silver - 21st Apr 14
Silver Feeble Rally Fails to Hold Breakout, Falling Back Towards Support - 21st Apr 14
Stock Market Smart Money – All Out or More to Go? - 21st Apr 14
Fast Rising Pump Prices Counterattack - 21st Apr 14
Extreme Climate Change And Life On This Planet - 21st Apr 14
Gold and Silver Stocks Sitting Tight - 21st Apr 14
Stock Market Minor Correction Imminent - 21st Apr 14
Gold and Silver - Counting Blessings and Tender Mercies - 20th Apr 14 - Jesse
The CIA Through The Looking-Glass - 20th Apr 14 - Stephen_Merrill
Gold And Silver - Gann, Cardinal Grand Cross, A Mousetrap, And Wrong Expectations - 20th Apr 14 - Michael Noonan
Nikkei Stock Market - Sell Japan - 20th Apr 14 - WavePatternTraders

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

How Corporations Own the US Congress

Politics / US Politics Sep 15, 2010 - 05:06 AM GMT

By: Shamus_Cooke

Politics

Best Financial Markets Analysis ArticleWith the November elections quickly approaching, the majority of Americans will be thinking one thing: "Who cares?” This apathy isn't due to ignorance, as some accuse. Rather, working people's disinterest in the two party system implies intelligence: millions of people understand that both the Democrats and Republicans will not represent their interests in Congress. 


This begs the question: Whom does the two party system work for? The answer was recently given by the mainstream The New York Times, who gave the nation an insiders peek on how corporations "lobby" (buy) congressmen. The article explains how giant corporations — from Wall-mart to weapons manufacturers — are planning on shifting their hiring practices for lobbyists, from Democratic to Republican ex-congressmen in preparation for the Republicans gaining seats in the upcoming November elections:

"Lobbyists, political consultants and recruiters all say that the going rate for Republicans — particularly current and former House staff members — has risen significantly in just the last few weeks, with salaries beginning at $300,000 and going as high as $1million for private sector [corporate lobbyist] positions." (September 9, 2010)

Congressmen who have recently retired make the perfect lobbyists: they still have good friends in Congress, with many of these friends owing them political favors; they have connections to foreign Presidents and Kings; and they also have celebrity status that gives good PR to the corporations.

Often, these congressmen have done favors for the corporation that is now hiring them, meaning, that the corporations are rewarding the congressmen for services rendered while in office, offering them million dollar lobbyist jobs (or seats on the corporate board of directors) that requires little to no work. 

The same New York Times article revealed that the pay for 13,000 lobbyists [!] currently bribing Congress is a combined $3.5 billion.  It was also explained how some lobbying firms keep an equal amount of Democrats and Republicans on hand, so they can be prepared for any eventuality in the elections. 

This phenomenon is more than a little un-democratic: when millions of people vote for a candidate, the outcomes are quickly manipulated and controlled before the election even happens. 

Interestingly, the corporate-directed Wall Street Journal wrote a similar article in 2008, as the Democrats had begun to dominate politics in Washington:

"Washington's $3 billion lobbying industry has begun shedding Republican staffers [politicians], snapping up Democratic operatives [politicians] and entire firms, a shift that started even before Tuesday's ballots were counted and Democrat Barack Obama captured the presidency." (November 5, 2008) 

This article was appropriately titled “Lobbyists Put Democrats Out Front as Winds Shift.”

The corporate money flows from party to party, so that the same goals are achieved: higher profits for corporations. The sums thrown at these politicians are mind boggling: the Associated Press reported that the corporate-orientated Chamber of Commerce spent "... nearly $190 million since Barack Obama became president in January 2009." (August 21, 2010) 

These numbers explain the "deeper" differences between Democrats and Republicans — money. Each party is a machine that vies for power because this power carries with it vast sums of corporate money. The longer a party is in office and the more connections it makes, the more its net worth to corporations, the more that these rewards can be spread to the different layers of the party. There is indeed a real-life, nasty fight between the Republican and Democratic Parties to dominate this corporate money. 

One "interest group" that ex-Congressmen don't work for is labor unions.  Unions spend millions of dollars to help get Democrats elected, and millions more is spent trying to get their ear while they're in office. 

But unions cannot out-spend the banks; and they can't offer millionaire retirement packages to retired Senators. The corporate retirement plans of Congressmen prove where their minds are while in office, and whose interests are being looked after.
Unions cannot continue to pretend that the Democrats are their "friends.” Labor has very little to show for this dysfunctional, decades-long friendship: union membership continues to shrivel as do jobs, wages and benefits for workers – a losing strategy if ever there was one. 

A “lesser of two evils” approach to politics equals evil politicians for labor, no matter who wins. In fact, the lesser-evil Democrats have become increasingly evil over the years, to the point where the party as a whole is more Conservative than the Nixon-era Republicans. 
The point has been reached where — in various states — Democratic governors are being endorsed by unions after promising to attack the wages and benefits of public workers!

To get out of this vicious, dead-end cycle, unions could unite their strength to form coalitions that promote independent labor candidates: 100 percent funded by labor to govern 100 percent in the interest of working people.   All other roads lead back to the corporate lobbyists. 

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org).  He can be reached at shamuscook@yahoo.com

Shamus Cooke is a frequent contributor to Global Research.  Global Research Articles by Shamus Cooke

© Copyright Shamus Cooke , Global Research, 2010

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014