http://www.theatlanticwire.com/politics/2011/07/wrong-lobby-shops-are-doing-fine/40299/ Some of Washington’s biggest lobbying shops are pulling down good money this year, but you wouldn’t know it from their public disclosures.
The early reports of second-quarter revenue numbers, due at midnight on Wednesday, had lobbyists bemoaning how a slumping economy and a deficit-obsessed Congress were hurting business. But that downturn in lobbying revenue is more than offset by the regulatory work, political intelligence, investigation prep, and agency lobbying that is part of the unreported influence economy, insiders say.
“Lobbying is the tip of the iceberg,” said Mark Ruge, cochairman of K&L Gates’ policy group.
Indeed, the passage of health care and Wall Street reform, from which K Street made a killing lobbying for two years, have now morphed into a regulatory gravy train as corporations scramble to influence the hundreds of rules that will soon govern their industries.
***imagine that? -- a move that chained citizens to insurance companies is a gift horse to lobbyists to influence rule writting?
who could have predicted?
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