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TMFBro (< 20)

Politicians and lobbyists: Evidence of the slobbery, open-mouthed kiss

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March 17, 2011 – Comments (0)

Remappingdebate.com has a neat little tool that lets you check up on the lobbying past of folks currently working in Congress. The flip side of this is, many of the current Congressional employees who haven't made the list yet will become lobbyists once they leave Congress. That old politics/money door, it just keeps on revolvin'.

Years ago, I was talking with a friend who is a lobbyist. I was a bit naive at the time, and wanted to know how the whole thing works. He was hired by technology companies who wanted the government to buy their technology, often for security purposes. He explained that his firm facilitates these companies getting in front of the right people, and it often works (why else would these companies pay so much money to lobbyists?). I asked, "What if it isn't the best technology available?" He just shrugged.

Robert Brokamp, CFP®, is the senior advisor for the Fool's Rule Your Retirement service.

 

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