News

Recently, reviewing lobbying disclosure reports, the Washington Times discovered "that 18 of the top 20 recipients of federal bailout money spent a combined $12.2 million lobbying the White House, the Treasury Department, Congress, and federal agencies during the last quarter of 2008." Citibank alone, according to the New York Times, fielded "an army of Washington lobbyists," plunking down $1.77 million in lobbying fees just in the fourth quarter of last year. And it isn't only sinking financial institutions begging for federal dollars that have bolstered their Washington lobbying corps. So have the biggest U.S. armaments companies -- "drastically," according to reporter August Cole of the Wall Street Journal. In 2008, he found, Northrop Grumman almost doubled its lobbying budget to $20.6 million (from $10.9 million the previous year); Boeing upped its budget from $10.6 million to $16.6 million in the same period; and Lockheed-Martin, the company that received the most contracts from the Pentagon last year, hiked its lobbying efforts by a whopping 54% in 2008.