Do corporate lobbyists really serve the interests of the corporations they represent? Don’t be so sure.
The lobbying business has been slow in 2011, according to The Hill, an inside-the-Beltway newspaper. The debt-ceiling debate has crowded out consideration of other legislative measures, and lobbying shops have suffered as a result. Whereas last year K Street boomed while Congress considered (and enacted) numerous pieces of legislation, large and small, the current budget battle has pushed nearly everything else off the table. With fewer substantive measures under consideration, there’s less for lobbyists to do — and less for which they can bill.
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