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Obama Boon for K Street

the capitol The only winners from the bailout and stimulus package and just about anything else to come out of the new Obama Administration will be corporations, lobbyists and other special interests not including the average American citizen. A hint at that may have come from the Obama/Pelosi video embedded on this blog. She could not contain her unrestrained jubilation while at the same time saying ‘the American people are hurting’. A little piece from The Hill demonstrates how everything bailout and stimulus starts at K Street for Obama. Like you did not suspect this all by yourself. But it helps to have corroboration. Here’s a teaser from The Hill article.

K Street lobbyists expect a bonanza this year because of the aggressive agenda of President Obama and congressional Democrats.

“Big government is back,” said Mark Ruge, who heads the policy group at K&L Gates. “It’s going to be a very, very active Congress.”

Corporations also recognize, however, that they can’t afford to cut expenses on K Street. They need lobbyists to grab their piece of the government-spending pie and to make sure that Obama and his Democratic allies do not enact policies that would disadvantage them.

Obama was only mildly criticized after pledging to use public funds for the campaign and then pulling the old switcheroo after bundling, ACORN and his admittedly successful internet scam to lure nearly about a half billion dollars from unknown sources. That’s what he calls change you can believe in. Yes we can. We can play this any way we want cuz everybody’s in love with us. Not so fast Mr Obama, there are plenty of us who have not consumed the Kool Aid.

Aside from damage that could be done to our fine country the next worse thing Obama could do is have a failed presidency with record breaking scandals to taint the historic first term of this country’s first black President. Okay, black and white president but that’s not the point. The point is an historic event that really needs to be handled correctly. But this is politics. What are the odds?

Stanford Matthews
MoreWhat.com

This entry was posted on Thursday, January 22nd, 2009 at 4:32 am and is filed under Public Affairs, Money Matters, wordpress, Politics, lobbyist, disclosure, ethics, oversight, obama, Congress, Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Obama Boon for K Street”

Debbie Says:
January 22nd, 2009 at 4:32 pm
I’ve been watching the stock market this morning, doesn’t seem to approve of Obama’s actions so far. Dropping like a rock.
Stanford Matthews Says:
January 22nd, 2009 at 4:46 pm
The post-inaugural market performance for The One was the worst on record.

With the Dow Jones Industrial Average down a full 4% on the day - finishing below 8000 points for the first time in nearly two months - the Dow fell more than it has on the inauguration day of a first-time president. Granted, inauguration days aren’t generally upbeat sessions - of the 14 inaugurations of first-time presidents conducted since 1900, just three have resulted in gains for the market, according to Thomas Lee, a strategist at JPMorgan. But this one proved nearly twice as dismal as the previous holder of the title of worst inauguration day, that being the 2.3% decline of Herbert Hoover in 1929.

above is from Barron’s Blogs

funny, I published another in the series of posts here on civics literacy and it featured Herbert Hoover and the parallels between then and now.

While I personally believe it is too early to conclude much about the Obama administration there is certainly no reason to be optimistic about anything coming outta Washington for the forseeable future.

Thanks for stoppin’ in and the commentary.