Money Going to Washington

by Walter E. Williams
LewRockwell.com

According to a New York Post article (May 22, 2016), in just two years, Hillary Clinton — former first lady, senator from New York and secretary of state — collected over $21 million in speaking fees. These fees were paid by Goldman Sachs, Morgan Stanley, Deutsche Bank, Fidelity Investments, UBS, Bank of America and several hedge fund companies.

In 2015, lobbyists spent $3.22 billion lobbying Congress. In 2013 and 2014, just 10 chemical companies and allied organizations spent more than $154 million lobbying the federal government. The Center for Responsive Politics in 2013 reported that The Dow Chemical Co. “posted record lobbying expenditures” in 2012, “spending nearly $12 million,” and was “on pace to eclipse” that amount. Fourteen labor unions were among the top 25 political campaign contributors between 1989 and 2014.

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