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Finance: What are the economics of government lobbying? 3 Views
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What are the economics of government lobbying? Lobbying, which is the act of organizing campaigns and other kinds of activities in order to pressure and influence government officials in matters of policy that are important to the lobbying group’s supporters, is a big business. Billions of dollars are spent annually, and tens of thousands of people are employed as lobbyists in the USA.
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Transcript
- 00:00
Finance allah shmoop what are the economics of government lobbying
- 00:07
Pay lobbyist a siri's of consulting fees They don't make
- 00:10
a commission hope that they can tilt the balance of
- 00:13
loved in your direction And then you win a lucrative
- 00:17
government contract to buy weapons from you Like the self
Full Transcript
- 00:20
guided tickle rocket you know that makes enemies laugh themselves
- 00:24
to death art least does some nasty stomach cramps Yeah
- 00:28
all right well then you lather you rinse and you
- 00:30
repeat So what is a lobbyist anyway Well the term
- 00:34
got its name from would be friends of congressmen and
- 00:37
friends of senators and friends of other politicos who would
- 00:41
stand around literally in the lobby of the halls of
- 00:44
government waiting for a mucky muck muck to come out
- 00:47
And for ninety eight seconds while they were walking down
- 00:50
the hall you know to take a much needed whizz
- 00:52
have their ear chewed off about money needed for a
- 00:55
new tattoo removal program or a grant for the montana
- 01:00
sheep workaholics anonymous initiative or for a new motorized shoe
- 01:05
rack for the first lady custom designed by tesla itself
- 01:09
a tickle weapon builder wants the government to buy a
- 01:11
billion bucks worth of tickle bombs from them tio use
- 01:14
as an epic april fool's joke on our canadian kyle's
- 01:18
up north there cost to build five hundred mil so
- 01:21
they make half a billion dollars in operating profits from
- 01:24
this sale Well how much can they afford to pay
- 01:26
the lobbyist A k a the sales guy who will
- 01:29
make that deal possible Answer a lot like maybe four
- 01:33
hundred ninety nine million dollars and they don't actually pay
- 01:36
him a commission that would be illegal These air just
- 01:39
set up as consulting contracts to you know leverage his
- 01:43
role attacks and all the people that lobbyists knew for
- 01:46
years and years and years So it is massively worth
- 01:49
a while for the tickle weapon producer to pay a
- 01:52
lobbyist or ten of them a million bucks a year
- 01:54
in consulting fees so that you know the company wins
- 01:58
that lucrative government contract and closes the deal and it
- 02:02
doesn't just apply to a weapons manufacturers that old age
- 02:05
home congresswoman promised her village Yeah well what's to stop
- 02:10
her leaning on the weapons producer to donate a bunch
- 02:13
of money to building it if the weapons producer wins
- 02:17
That lucrative tickle bomb contract Well maybe call it tickle
- 02:21
pines geriatric center with a happy face painted on the
- 02:24
tickle bomb says peace under it Yeah something like that
- 02:28
and the politician muses And while the bombs are going
- 02:30
to get made anyway the contract will happen anyway At
- 02:34
least this way my granny's will have nice massage chairs
- 02:37
and a place to die with dignity and not from
- 02:40
being tickled to death Welcome to lobby Come on down 00:02:43.205 --> [endTime] take a hot shower
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