3% of lobbying total is huge

[Henry C.K. Liu]

1996 US GDP was $7.6 trillion.
Source: CIA Fact Book.
In economics, accuracy is important.

Henry C.K. Liu

Doug Henwood wrote:


> Greg Nowell wrote:
>
> >With all the capitalist interests in a 5 trillion
> >dollar economy, for one subset to reach 3% of lobbying
> >contributions is huge.
>
> Really? Did you look at all the other interests on the CRP page? Just look
> at all the money financial interests have spent over the rewrite of
> Glass-Steagall. In my more cynical moments I suspect that Congress hasn't
> passed a comprehensive rewrite of G-S because the threat of doing so was a
> great way to shake the money tree.
>
> Doug