THREAD - Thoughts on the #StimulusPackage:
Some aides compared the lobbying frenzy around the stimulus bill to a gold rush. K street lobbyists played a major role in writing the bill, with some politicians even getting personal calls from CEOs of major companies.
Some aides compared the lobbying frenzy around the stimulus bill to a gold rush. K street lobbyists played a major role in writing the bill, with some politicians even getting personal calls from CEOs of major companies.
Meanwhile, the accountability measures put in place are full of loopholes: Treasury Secretary Mnunchin can waive the stock buyback ban for certain businesses, & the bipartisan oversight committee of the corporate aid program lacks real enforcement power.
All of this points to the desperate need for tougher lobbying restrictions & strong anti-corruption laws to protect the American people, so that special interests can’t use a national emergency to push through their own agendas.
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