ShmoopTube

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Finance allah shmoop what are the economics of government lobbying

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Pay lobbyist a siri's of consulting fees They don't make

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a commission hope that they can tilt the balance of

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loved in your direction And then you win a lucrative

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government contract to buy weapons from you Like the self

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guided tickle rocket you know that makes enemies laugh themselves

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to death art least does some nasty stomach cramps Yeah

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all right well then you lather you rinse and you

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repeat So what is a lobbyist anyway Well the term

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got its name from would be friends of congressmen and

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friends of senators and friends of other politicos who would

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stand around literally in the lobby of the halls of

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government waiting for a mucky muck muck to come out

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And for ninety eight seconds while they were walking down

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the hall you know to take a much needed whizz

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have their ear chewed off about money needed for a

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new tattoo removal program or a grant for the montana

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sheep workaholics anonymous initiative or for a new motorized shoe

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rack for the first lady custom designed by tesla itself

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a tickle weapon builder wants the government to buy a

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billion bucks worth of tickle bombs from them tio use

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as an epic april fool's joke on our canadian kyle's

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up north there cost to build five hundred mil so

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they make half a billion dollars in operating profits from

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this sale Well how much can they afford to pay

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the lobbyist A k a the sales guy who will

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make that deal possible Answer a lot like maybe four

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hundred ninety nine million dollars and they don't actually pay

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him a commission that would be illegal These air just

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set up as consulting contracts to you know leverage his

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role attacks and all the people that lobbyists knew for

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years and years and years So it is massively worth

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a while for the tickle weapon producer to pay a

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lobbyist or ten of them a million bucks a year

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in consulting fees so that you know the company wins

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that lucrative government contract and closes the deal and it

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doesn't just apply to a weapons manufacturers that old age

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home congresswoman promised her village Yeah well what's to stop

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her leaning on the weapons producer to donate a bunch

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of money to building it if the weapons producer wins

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That lucrative tickle bomb contract Well maybe call it tickle

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pines geriatric center with a happy face painted on the

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tickle bomb says peace under it Yeah something like that

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and the politician muses And while the bombs are going

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to get made anyway the contract will happen anyway At

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least this way my granny's will have nice massage chairs

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and a place to die with dignity and not from

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being tickled to death Welcome to lobby Come on down 00:02:43.205 --> [endTime] take a hot shower

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