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The Obama Era Brings Boom Times for Lobbyists: Gephardt Cashes In

March 18th, 2009 by mopns · No Comments

Change we can believe in?

D.C. Examiner:

Early numbers suggest that the first quarter of 2009 has seen lobbying in the nation’s capital spike by nearly 22 percent over last year, which would be the largest ever increase in lobbying activity — and a strong indication that President Barack Obama has helped usher in a Golden Era for K Street.

The Democratic lobbying boom, to some extent, comes at the expense of Republican lobbyists (reflected a bit in a spike in terminations). A small sample of  Democratic lobbying success: Former House Minority Leader Richard Gephardt, D-Mo., has landed five new clients already this year, including Visa and the biggest fish of them all — the U.S. Chamber of Commerce, which spends more on U.S. lobbying than any other organization or company. Read more…

Related: Political Fix is a Day Late/Dollar Short…Again

Video: Obama on Earmarks and Pork-Barrel Spending

Hat tip: CEIdotorg

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