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IPFS News Link • Political Parties

The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US Politics...

• http://www.zerohedge.com, by Tyler Durden

The first time we read the recent analysis by the Sunlight Foundation in which it combed through 14 million corporate records, including data on campaign contributions, lobbying expenditures, federal budget allocations and spending, in order to determine the "rate of return" on lobbying and spending to buy political goodwill, we were left speechless. 

To be sure, we had previously shown that when it comes to the rate of return on lobbying, the rates were simply staggering, and ranged anywhere between 5,900% for oil subsidies, to 22,000% for multinational tax breaks and even higher for America's legal drug dealers.

But nothing could prepare us for this.

According to the foundation's analysis, between 2007 and 2012, 200 of America's most politically active corporations spent a combined $5.8 billion (with a B) on federal lobbying and campaign contributions. What they gave pales compared to what those same corporations got: $4.4 trillion (with a T) in federal business and support.


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