Who's in charge in Sacramento? Lobbyists have broken spending records over the past two years. We hear how much they spent and what they got for their money. On our rebroadcast of today's To the Point, President Obama meets the Queen and renews the “special relationship” as protests turn violent in London. Will the G-20 resolve their differences and do whatever it takes to control the global financial crisis?
FROM THIS EPISODE
President Obama and Britain's Prime Minister Brown today renewed “the special relationship.” But will they get the cooperation they want from the rest of the world? We get a preview of the G-20 summit and the likelihood of resolving the global financial crisis.
Mary Dejevsky, The Independent
Wolfgang Munchau, Associate Editor, Financial Times
Brad Setser, Fellow for Geoeconomics, Council on Foreign Relations
Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics
Lobbyists outnumber legislators in Sacramento by 8 to 1. Lobbying is a growth industry. In 1975, interest groups hiring lobbyists numbered 682; now it's 2,365. Since 1990, lobbyist spending has risen from $193 million to $550 million. Another reason that lobbyists get what they want is that they've been there a lot longer.