"The Lobbying Bubble!" .No Recession for Finance, Pharma, Oil & Gas, Utilities, Big Business

[KoKo]

The Lobbying Bubble--
by Barry Ritholtz

In the podcast I did with Dylan Ratigan last week, I mentioned we needed a Constitutional amendment mandating public funding of all federal elections. It seems to be the only way imaginable to get all of the dirty money and corporate lobbying efforts out of each and every attempt to close tax loopholes, reduce overall spending, and fix the tax code.

As if on cue, Tim Iacono points to this outrageous chart (via Time Magazine) showing how much dirty lobbying money has poured into DC over the past decade:

GINORMOUS CHART at link:
http://www.ritholtz.com/blog/2011/04/the-lobbying-bubble/

[ixion]

1. We the People are paying for their complete lack of exposure to recession that they caused

kinda makes you wonder if there is any justice in the world at all. :(

[KoKo]

2. "We the People" indeed ...have our hands clasped in prayer.......

How MUCH MORE..can be tolerated? How Much More..do we have to deal with..given what's gone on and is going on.

I don't know. :shrug: