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what do politicians do when they leave office and has that influence their behavior while
they're in office well uh... agreement ready them get jobs as lobbies so and we told you
that before well good report out now from public citizen and there is a group that watches
out for this in fact they try to get people congressmen senators retiring ones to sign
a pledge is forty seven of them that are uh... about leaving
saying that they will not work as lobbies
so far
is it one or none have them
that have signed it
yeah of the ones that are retiring
none of them outside
that is michael bennett but he's not returning so center in colorado he's trying to get
uh... people that uh... sign on to uh... a bill that would ban members from congress
from ever joining
k_ street
k_ street is where the lobbyists are up up up up up up up
in articles of sponsors yet
not aap
but don't know
so use it
uh... the reason why the average congressperson makes a hundred seven six thousand dollars
a year
fabrice wednesday leave and become a lobbyist
on average dini five hundred thousand
and now that's just for the congresspeople centers get paid more and if you were on one
of the financial committees either ways and means appropriations are financial services
well then that's also an additional benefit you kicked up an extra much
so
now when you're on those finance committee's and you know that if you play ball
you've got a massive payday coming out
leading edu to get tough on wall street
or we've got a little anything couple meetings with them
but so what they have to say
i think that into consideration 'cause you're about to step down anderson's serious capturing
and that is
part of exactly how our system it's corrupt
there may be pure for parts is also the parts about how they get the campaign donations
is the parts where they give to their wives for example evan buys wife was also retiring
they also asked them to take the pledge annum biet corporates democrat from indiana
isn't me
for the reply federal obvious up but that's not good luck
if you don't think that that it had that whatever dire man in saying having and so
now i might be paraphrasing what by said they decided to wreck quote
so his wife sits on the board of board of wellpoint the largest insurance company in
there
and whatever and by kill the public option
just what her stock
uh... options wet op
you know according to some estimates about told him fifty thousand dollars from her husband's
decision to make sure that the public option did not pass
funny how that works out soviet is eighteen different ways they it corrupted but but this
is a major one
uh... because did you know at this point nearly half
of the retiring members of congress
i'm not only becoming lobbyists
they're becoming lobbyists for the financial industry
half of them
the cape to that specific lobby
now what do you think their duty to do real reform or wall street
now course not
they're gonna do reform that pure stop in opa most talkative and all are coming up on
some of that uh... uh...
the quality of the loop of your loophole there in deregulation there
and then next thing you know
they get paid and you get
script
but in washington