Menu Close

No Draining of Swamp Under Trump

This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

U.S. President Trump promised his voters in the election campaign before he took office that he would “drain the swamp” of outside influence in Washington. The Statista chart suggests that he did not succeed: both the number of registered lobbyists and their total annual expenditures increased during Trump’s term, reaching almost $4 billion in 2020. Under Democratic President Obama, lobby spending had previously fallen sharply, whereas it had risen under Republican George W. Bush.

According to Opensecrets.org, this is because Trump did not limit the lobbyists’ influence on his government, contrary to his promise. Trump even extended it. This is shown, among other things, by the fact that Trump would appoint former lobbyists as members of the government.

Lobby organizations usually try to exert influence on the legislative process on behalf of companies or associations in order to shape the legislation in the interests of their respective clients. Lobbying takes place at all levels, from local government to presidential elections. The sectors in which lobbying is used as a means of exerting influence are diverse. These include pharmaceutical companies, insurance companies, business associations and oil and gas companies. The U.S. Chamber of Commerce, a trade association, was by far the largest lobbying donor in the US in 2019.

Since 1995, lobbyists have had to register in the U.S. This law was introduced during the Clinton administration. The register helps to make lobbying activities more transparent. According to Lobbycontrol, however, there are still possibilities to circumvent these obligations.

This chart shows the number of lobbying organizations and lobbying expenditure in the U.S. since 1998.

lobby spending number of lobby organizations US

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading