Originally Posted by MoonBaseNick
Former and future lobbyists are OK. The Obama campaign restricts current lobbyists from joining the campaign. But a bunch of former lobbyists have helped out—including deputy campaign manager Steve Hildebrand, Teal Baker, and Emmett Beliveau—who could easily slip back onto K Street once the campaign is over. Obama now has 14 bundlers who are also federally registered lobbyists, but they are currently inactive, according to Public Citizen.
Every side has it's lobbyistshttp://www.bloomberg.com/apps/news?p...d=aVPBaUbYV_qQ
Seems like congress has no idea what to do huh..
It's apples and oranges. McCain's core team
of advisers and the head of his transition team are some of the biggest lobbyists in Washington. And the bulk of Obama's war chest is from individual donors, like all of those in this forum who have donated to his campaign in what was, for some of us, our first political campaign donations ever. As opposed to McCain.
And to ElCap's post, you're right. On this
particular issue, I think it's deregulation-mad Republicans' cross to bear. On another issue, I might be more willing to contemplate Dem culpability, because as I've said many times over, Dems piss me off a lot too, but they're leagues closer to my ideals than Repubs.
And in looking back at congress' flirtation with addressing this looming disaster, I ran across this McCain interview from December 2007:
|Q: “Well the dimension of this problem may be surprising to a lot of people, but to many people, to many others there were feelings that there was something amiss, something was going too fast, something was a little too hot. Going back several years. Were you one of them? Or, I mean you’re a busy guy, you’re looking at a lot of things, maybe subprime mortgages wasn’t something you focused on every day. Were you surprised?
McCain: “Yeah. And I was surprised at the dot-com collapse and I was surprised at other times in our history. I don’t know if surprised is the word, but...
McCain: “I don’t -- what did you say?”
Q: “The S&Ls."
McCain: "Yeah, the S&Ls."
Q: "Is this bigger than that?
McCain: “I don’t know the dimensions of this. It’s hard to know what the dimensions are. As I say, I never thought I’d pick up the paper and see a city in Norway is somehow dramatically impacted by it. When I say ‘surprised’ I’m not surprised when in capitalist systems that there’s greed and excess. I think it was Teddy Roosevelt who said ‘unfettered capitalism leads to corruption’ or something like that, that people have disputed for years.
“But so, in this whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don’t know a lot about.
"But I do rely on a lot of smart people that I have that are both in my employ and acquaintances of mine. And most of them did not anticipate this. Most of them, I mean I can find some that did. But, a guy that’s on my staff named Doug Holtz-Eakin, who was once the head of the Office of Management and Budget, said that there was nervousness out there. There’s nervousness. There was nervousness that we had such a long period of prosperity without a downturn because of the history of our economy. But I don’t know of hardly anybody, with the exception of a handful, that said ‘wait a minute, this thing is getting completely out of hand and is overheating.'
"So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not.”
And again, there's the Gramm-Leach-Billey act during Clinton's administration in which the Republicans in Congress stripped away the Glass-Steagall act which protected Americans from exactly this kind of disaster. McCain was one of the Senators that voted for it, giving it a veto-proof majority. His best pal Phil Gramm was one of the sponsors. Phil Gramm and his wife, who went to work for Enron and made a killing. Phil Gramm who is even now a lobbyist for French bank UBS, in addition to being McCain's shadow economic adviser.