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Accountability government transparency insider corruption moral hazard national politics & policies term limits too much government

Captured Congress

“Do you think party leaders exert too much control over members of Congress and over the agenda,” Full Measure host Sharyl Attkisson asked retiring Rep. Darrell Issa, “in a way that might be motivated by donations and corporate influence and special interests?”

Winner of five Emmys, as well as the 2012 Edward R. Murrow Award for Excellence in Video Investigative Reporting, Attkisson’s “exit interview” with Congressman Issa (R-Calif.) is illuminating.

It happens every day,” he replied, “that a lobbyist calls the majority leader, the minority leader, the speaker, and some chairmen or ranking member gets a call saying, ‘hey go light on that.’”

Issa pointed out that the committee chairs “really don’t control the committees. More and more it’s controlled out of the speaker’s office and out of the minority leader’s office. You know, they pick who gets the committees and then they pick really what you get to do.”

And it’s getting worse, he said.

As chairman of the House Oversight Committee, Issa has led a number of very high-profile investigations. His investigation of Countrywide, Attkisson noted, “revealed that federal public officials and their staffers, both Democrats and Republicans, had quietly received lucrative VIP loans from Countrywide as the company sought to influence their decisions.”

“It was much more effective than political giving,” Issa offered.

He also accused Republican leaders of removing the Benghazi investigation from his committee to a select committee to “keep it from going too far.”

“I have seen the defense-related committees that take money from defense contractors go easy on defense oversight,” Attkisson explained, prompting the congressman to agree “that happens every day here.”

Between the party bosses and the special interests, our Congress has been captured.

This is Common Sense. I’m Paul Jacob.

N. B. Full Measure is broadcast every Sunday on 162 Sinclair Broadcast Group stations reaching 43 million households in 79 media markets.


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Accountability insider corruption moral hazard national politics & policies porkbarrel politics too much government

Cronyism Pays

Daniel Mitchell, a senior fellow in fiscal policy at the Cato Institute, is a nice guy. But he’s sort of depressing, too.

Weeks ago, writing for the Foundation for Economic Education (FEE), Mitchell offered that “The Washington, DC Gilded Class Is Thriving.” He even provided a “depressing chart” graphing “median inflation-adjusted household income for the entire nation and for the District of Columbia.”

There is a graphic divide: while “the nation’s capital used to be somewhat similar to the rest of the nation . . . over the past 10 years, DC residents have become an economic elite, with a representative household ‘earning’ almost $14,000 more than the national average.”

Dan Mitchell highlights that “the entire region is prospering at the expense of the rest of the nation.” Among the nation’s counties, the top four wealthiest are in suburban Washington, D.C. The nation’s capital region boasts nine of the country’s top 20 richest counties.

Now Mitchell’s back with another FEE column exclaiming more bad news: “The ROI for Cronyism is Huge.” (ROI is “return on investment.”)

Mitchell cites a study entitled, “All the President’s Friends: Political Access and Firm Value,” conducted by University of Illinois professors Jeffrey R. Brown and Jiekun Huang. “Using novel data on White House visitors from 2009 through 2015,” they explain, “we find that corporate executives’ meetings with key policymakers are associated with positive abnormal stock returns. . . .”

The authors find a lot evidence showing that “political access is of significant value to corporations.”

None of this should surprise. Cronyism pays, and it sticks close to power, even geographically.

This is Common Sense. I’m Paul Jacob.


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