The Lobbying World: Living the High Life After Congress

Michael Winship writes for Moyers & Company:

[…] This is what ex-members of Congress and their staffs do nowadays. Rarely do they follow the example of ancient Rome’s Cincinnatus and go back to the farm – or take that teaching job at the local university or join a hometown law practice. They stay in DC to reap the bountiful harvest that comes from Capitol Hill experience and good old fashioned cronyism.

As a result of November’s midterm elections and retirements, at the beginning of the year nearly 50 members of the House and a dozen senators got the old heave-ho but competition for their services within the Beltway was, as The National Law Journal reported, “hot.”

The legal newspaper observed, “Firms usually want big names from leadership of industry regulation-focused committees, but with collegial, bipartisan reputations.” Washington headhunter Ivan Adler told the paper that bidding starts at a million for a retired senator, $500,000 or more for a former House member. And three years ago, investigative journalist Lee Fang found that when they join the lobbying world, “Lawmakers increased their salary by 1,452 percent on average from the last year they were in office to the latest publicly available disclosure.”’

READ MORE…

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