Congress: K Street Stooges

By WFM

To those who don’t know who or what K Street is, it’s time to wake up. K Street is an area in downtown Washington, D.C. where many lobbyists, lawyers and advocacy groups have their offices. The K street acronym has become a term to refer to the lobbying industry as a whole. [1]  

Image result for picture of a den of vipers

Given K Streets history of corrupting legislators we might well assume, K Street lobbyists are a den of vipers, corrupt corporate thieves who have congress in their pockets.

In 2015, columnist Suzanne Davi wrote an article in the Los Angeles times, Want to influence a member of Congress? Dangle a K Street job….[2]

K Street in simple terms is a cabal of corporate self-interest that freely roams the halls of congress corrupting congressmen from both parties with bribes and favors in order to promote their corporate interests – the American people are not considered in the process.

The best example of this culture of corruption is PHARMA, the Pharmaceutical Research and Manufacturers of America representing the country’s leading pharmaceutical researchers and biotechnology. PHARMA was heavily involved in writing Obama care one of the prime reasons Pelosi and her cohorts didn’t know what was in the bill – in other words we may assume PHARMA financed the democrats self greed and self-interest by crafting a bill that prioritized the industries bottom line rather than the interests of the American people.

In May of 2013 Forbes reported, ” Obamacare Will Bring Drug Industry $35 Billion In Profits,”  this most likely, in my opinion,  the tip of the corruption- again at the expense of the American people. [3]

The second player in the culture of corruption that permeates congress are the Health Insurance industry trade groups. Like PHARMA, the health insurance lobbyists spread cash around congress to control the Obamacare process, crafted again, for their own bottom line. Once again the people were irrelevant to the process.

In December of 2009, Robert Lenzer writing for Forbes Magazine, wrote:  ” The Horrendous Truth About Health Care Reform” that the Obama White House was handing a “free ride for the health insurance industry” that would allow premium hikes of 8%-10% a year…. “

In 2013 Robert Lenzer again wrote in Forbes,  So far in 2013 the value of the S& P health insurance index has gained 43%. Thats  more than double the gains made in the broad stock market index, the S & P 500.  The shares of CIGNA are up 63%, Wellpoint 47% and United Healthcare 28%. And if you go back to the  early 2010 passage of ObamaCare, you will find that Obama’s sellout of the public interest has allowed the public companies the ability to raise their premiums, especially on small business, dramatically multiply their profits and send the value of their common stocks  up  by 200 % – 300 %…”

‘In 1971, Congress passed the Federal Election Campaign … creation of a central enforcement agency, the Federal Election Commission. … contributions, as well as the disclosure and reporting …” [4]

Should you wish to find out how much money your legislators received from various K Street entities and PACs,  go to The Federal Election committee which keeps track of financial contributions – the truth is out there.

[1]  http://politicaldictionary.com/words/k-street/

[2] http://www.latimes.com/opinion/op-ed/la-oe-dovi-officials-lobbyists-20150217-story.html

[3]  https://www.forbes.com/sites/brucejapsen/2013/05/25/obamacare-will-bring-drug-industry-35-billion-in-profits/#c0854aa34a59

[4] https://en.wikipedia.org/wiki/Campaign_finance_in_the_United_State

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