Obamacare, Financial Reform: Cash Cows for Lobbyists

Thursday, 17 Mar 2011 03:00 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Since his 2008 campaign, President Barack Obama has spoken out strongly against the influence of lobbyists. But the healthcare and financial reform bills he signed are lining the pockets of K Street – with cash, Politico reports.

Regulators are now coming up with the specific rules for each reform, and that means a lot of business for lobbying groups who are assisting companies in their effort to influence and obey the new stipulations.

“A lot of people did very well in the lobby community off the Recovery Act,” Democratic lobbyist Rich Gold told Politico, referring to the 2009 fiscal stimulus package. “Regulatory work is the new Recovery Act for lawyers and lobbyists in Washington.”

Former Rep. Ron Klein, D-Fla., said there is “no question” that the hefty quantity of regulatory work helped lead him to join Holland & Knight law/lobbying firm.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Abbott, Davis Face Off in First Gubernatorial Debate

Saturday, 20 Sep 2014 13:39 PM

Texas state Sen. Wendy Davis and state Attorney General Greg Abbott each scored points Friday in their first gubernatori . . .

Bob Dole to Campaign for Sen. Roberts in Tight Race

Saturday, 20 Sep 2014 11:51 AM

Former Kansas Sen. Bob Dole will stump for Sen. Pat Roberts next week, looking to give the Republican incumbent, who jus . . .

Billionaire Steyer Writes $15M to His Super PAC

Saturday, 20 Sep 2014 09:02 AM

The political parties, their campaign committees and some of their super PACs faced a Saturday deadline to disclose how  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved