“‘Taxpayers are subsidizing a legislative agenda that is inimical to their interests and offensive to what the whole TARP program is about,; said William Patterson, executive director of CtW Investment Group, an activist group affiliated with a coalition of labor unions. ‘It’s business as usual with taxpayers picking up the bill.” Sigh. The WP’s Dan Eggen reports on GM and a host of financial firms using bailout money to lobby for the status quo. “Major recipients of federal bailout money spent more than $10 million to lobby lawmakers in the first three months of 2009, including arguing against pay limits for corporate executives, according to newly filed disclosure records.“
2 thoughts on “Help: Need Money for Cadre of Lobbyists.”
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“an activist group affiliated with a coalition of labor unions” sounds like a “cadre of lobbyists” too. Not saying what the firms did is right, but this Patterson guy is not necessarily from a disinterested third party… he has a professional interest in being outraged by this.
I thought that too, but he’s the color quote in the piece most agreeable with my own reaction. And his remark has no bearing at all on the shadiness of buying lobbyists on borrowed money.