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Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself

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Dana Milbank of the Washington Post on Republican consultant Castellanos's memo to GOP strategists on how to kil the health care legislation in Congress. She points out the language, words like hasty "experiment" that Castellanos suggested that are figuring prominently and frequently in Republican National Committee chairman Michael Steele's remarks, like the talk he gave at the National Press Club on July 20, 2009.

The perverse effects of lobbying in damaging the public interest.

04/10/2009

Finance industry lobbying, with $300 million alone spent to repeal the Glass Steagall Act which kept banks from getting involved in the securties business, is having the effect of making changes without the due diligence and care necessary for changing legislation that had deep reason embedded in experience during the Great Depression. Citigroup's failure is a result of its involvement in the securities business, and it was a principal backer for the repeal. Similar situation is playing out in the U.S. health-care area which has overtaken the finance industry in money spent for lobbying. Lobbying of this magnitude is having distortional effects on national priorities on necessary regulation, and on creating sustainable economical systems for health care in health care laws.

Grouped Articles

Banks' Lobbyists Help in Drafting Financial Bills

New York Times 05/23/2013

Making Banking Boring

New York Times 04/10/2009

Finance Lobby Cut Spending as Feds Targeted Wall Street

Wall Street Journal 07/02/2009

Costs and Benefits

New York Times 07/20/2009

Sharks Circle in Congress

New York Times 07/20/2009

Doctors' Payments Snag Health Bill

Wall Street Journal 07/20/2009

Obama's plan for a new consumer protection agency with needed powers.

07/15/2009

One of the lessons of the global economic crisis is the need to protect consumerts to protect the economy as a whole. A system of lobbying and campaign contributions by the banking industry to members of Congress kills action in the public's interest. A dysfunctional system of consumer protection with powers and responsibilities spread over many federal agencies and no accountability, tends to put banking interests first, leading to the problems in the current crisis with subprime mortgages.

Grouped Articles

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Sharks Circle in Congress

New York Times 07/20/2009

Health-Care Firms Have Supported Lawmakers Debating Reform

Washington Post 07/21/2009

Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself

Washington Post 07/21/2009

Consumers Need a Credit Watchdog

BusinessWeek 07/15/2009

That Promised Financial Reform

New York Times 10/14/2009


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