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charts we know the system is fundamentally corrupt and uh... the
question is how crop in the question is how do we change it and is anybody even
bothering to try an insult in politics right now of those times without a judge
will brown about he wrote
article for the faster times
as economy falters lobbyists rake in the dough joshua romeo tours
thank larry craig fiato great to have you here so first tells how successful
obviously been in this
you know your in terms of the money that they're getting it
but what is themselves sorry surely scrapbook area
do to be on page shatter three point three billion
which was the record
i think about the date
they've gone to a point five billion in terms of uh...
piece from their quiet corporate america
from the first record this year and the fourth quarter is obviously very active
sill in
part of that though is that there's more of an activist campaign by the white
house actually
pass health reform climate reformist cetera so it does it make sense of their
lobbyists are going to make more money 'cause they're more need to fight off
the sludge solutions that does that make sense
short so
but there are there're veterans who've been watching eat they call it the uh...
the active the advocacy business
uh... for decades and uh...
in fact one of the prep threatened your work intricate never seen
uh... anything is actively death
even though that nineteen seventy three
so certainly this is a
because people are killed and a great time for anyone purely a political and
business
you know i is just hassles saw report out of you saw this under politically
connected banks
uh... are windup
dating more advantage and more money from the federal government
they looked at different they had these banks have people on the up for the fed
if they want up
uh... having congressman that were important financial committee positions
in their district et cetera found a way to see how politically connected these
banks are
connected that's how much money they were getting out of congress and it was
a clear correlation
so toward
and daughter
university of michigan study that actually therapist last night
uh...
stacker that's exactly what you expect
the one that i picked out that i think if they are
pretty talented
in space
an executive who sat on the board of the federal reserve
up bank
you know what other weekends
with thirty one percent more likely to get their laps rule
part capital purchase program
and then banks that have a pint uh...
any financial committee member
with twenty six percent more likely
ticket what's called capital purchase program fund so
the book you don't have to be hopefully you know what would it bursting into
picnic stuff up to do it right in front of us
and the correlation couldn't be more obvious
so week we are all
all kind of agreed here it turns act as *** durbin set about the banks now
based on this place right referring to capitol hill but it's really it's not
just the banks are jackets to solve corporate america
as giving a lobbyist money to the politicians and in the politicians give
it back to them in in many folk so that the work
we recognize it but
do politicians a right now as it and be did they give a damn see are they doing
a damn thing about it
i know the republicans
aren't at the end of the ever really claim to
but the democrats that there would be a son about right are they doing about it
or is it business as usual
so ut
might might block in cali cartel johnson who uh...
like they point to be a real has a pick-up yesterday
uh... i
corporate about while baba
is a bigger failure edit than any of the left
three presidents combined
and that we did hear a rhetorical but never forget it
and
he's really i don't know if this was
women are more and more
if this is something that's become
a part of him equality the president but
uh... eat there's no change whatsoever at this is not just business as usual
this is the person who wants to know it
and to single out the bank
when you have this we for all
the health care
uh... walking that's going on would be unfair
it if you write notches
fight if it's not just thanks
it's really cool support but its banks and former in particular
yes please look at yahoo you clips on the show and we've had jonathan alter on
this show we are so many people that leaves come on and say
and awaited use of the best you can within the system probable might you
guys are too harsh on a minute
your purists et cetera and in an eleanor said well he he seems to know you know
challenge the whole system but josh delete on the campaign ominous did i
miss it until that was the whole point of the whole bomb a campaign that he was
going to cut these deals that he was a take them head on
there's no
i'd i think the fact
you can't have this discussion
without coming back to allow the promises about the war business as usual
and
without a computer that dark
if you look at what senator reid has died
are quite close doors
if you would look at this bill without all the tacking on it and all the uh...
if we beat of the giveaway
uh... if you will attempt to pass this bill
you probably would need to clear twenty percent of of of congress
so it's been a dictatorship usual
and properties were
you know pushed it make these promises are part of it
you know some of the for sale and i just from from the faster timestamp and you
can read this piece on the best of times dot com because now the republicans it
including uh... comparable to the stratus like ed rollins the same basis
like him
you know if it didn't draw the sounds of a new drugs and algebra and i'll tell
you what they said ideology is when republicans say family values when they
go shoot on their wife it's worse than of a democrat usana swipe because
they're being hypocritical right and and whatever else is saying is equivalent
here
all all what should know what is there a prize directly go argues that jesus is
the product the democrats said that this was their signature issue as the one
they don't it's worse it's more difficult they have a point
ek you know
mccain with actually built for these crimes
because she really what the reporter
we're told that the g_o_p_ tax cut in their totem
exploited his his running mate chile said all that but happy everyday either
the battle
that he was he was built for
powdered if your paper critical paper for a democrat
he not really because if you look at all of the things that are
our progress here
they touch on both parties everyone kind of book at the race
it surely it
you can say
where hypocritical because this is not expected of us
i think at this point the american people expect everyone to become extent
and altered through
some kind of special interest
i got by uid
we probably didn't expect opa middle quite p_b_s_ captured
yeah i desperately deluxe i'm a realist and i didn't think that there was going
to remove the butterflies on obama got in office
but you capture that is josh i didn't expect their capture to be this the
the fact that that arrived at it wasn't standing pick one that you'll you
brought billy tauzin
destructive deal with uh... the pharmaceutical companies and before we
know what happened
uh... corporate america we want to be and we really missed any chance
right and so that's why i think a lot of people feel dispirited because they
don't know where char if the democrats i don't do it and that's why put on the
democrats 'cause we have a problem for good at the democrats or do it then
who's going to do it
and there is no go ahead of that
that's exactly right you are
you look at it should area where you have someone running at the reform
reform candidate literally are not going to keep up with it
you know i don't think
became was running or a change platform
or bombers empire
raid on death row was i had to change candidate
and we're gonna do things differently
and this is not only not going to be differently issued to refute the old way
but even more violently and and quickly
if you we cover the stuff being talked about partner
broke for example the finance reform bill
uh... which by the way opa-locka had beaten back
the credit card companies
you what the bank
he backs to in the end with a good credit record but if you look at decline
people most people that watch this industry for a living book value
this topic they are hoping to get done within a year
would not weekly four years
and i think that that is why you're seeing records be broken on wapis side
the kill the prime people itself
right-hand tend to be fair that's also are quite a job arm of the d_c_ going on
all that may be you know
that might be why he's cutting deals that were
entirely on happy with
because he's trying to get all done as quickly as possible if you well look at
the positive side of it
right this time expedient heard record and we got it we got a kick that worked
well
yep as lead us from from facets on salute pursuit comments