The Sunlight Foundation published a study on the return on investment (ROI) that lobbying can generate. The study, Fixed Fortunes: Biggest corporate political interests spend billions, get trillions, suggests ROI can be pretty good: “After examining 14 million records, including data on campaign contributions, lobbying expenditures, federal budget allocations and spending, we found that, on average, for every dollar spent on influencing politics, the nation’s most politically active corporations received $760 from the government.”
That ROI is so good that it beats making and selling essentially all other goods and services. That assumes lobbying is a service and their work product is a good. Lobbying can be more profitable than doing just about anything else, maybe with the exception of some white collar crimes.
The average US Senator needs to raise about $14,000/day to stay in office. That is why lobbyists are far more important than individual voters.
Another source writes: “In many cases, lobbyists write our laws — literally.
For an example, look at the 2014 omnibus budget deal. Congress used the deal to secretly put taxpayers back on the hook for bank bailouts. That’s right – in 2014, our representatives repealed a law that prevented the American people from bailing out big banks that engage in risky derivatives trading. Sorry to be the bearer of bad news.
The New York Times reports that 70 of the 85 lines in the language that killed the derivatives bill came from a piece of model legislation drafted by Citigroup lobbyists. Yes, that Citigroup – the bank that played a major role in the 2008 crisis and also received billions of federal stimulus dollars.”
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