Jacob Goldstein notes, for NPR's Planet Money:
So far, the word is that Issa's bill would bar the hiring of lobbyists by any company in which the federal government holds a minimum five percent stake.
The basic question is easy enough: Should a company owned in part by the public trust be allowed to hire lobbyists to influence the public trust?
There are, of course, some other questions that are fair, as well: Is five percent too low a threshold? Or perhaps should it be any ownership stake? What about companies receiving federal contract funds for research and production? Companies asking for federal contract funds?
And, yes, there is the obvious, whether or not we should get rid of lobbyists altogether. But that's probably not going to happen, even if we start dragging lobbyists and Congressmen alike from their cars and lining them up against the wall.
Additionally, it might be worth considering whether the government's stake in a bailout company like GM should have voting power. After all, it seems redundant, to say the least, that a controlling interest should hire people to influence itself.
I can't tell whether the conundrum here is simply logical, or fundamentally ethical.
____________________
Notes:
Goldstein, Jacob. "Should GM Be Allowed To Hire Lobbyists?" Planet Money. June 17, 2010. NPR.org. June 17, 2010. http://www.npr.org/blogs/money/2010/06/17/127903958/should-gm-be-allowed-to-hire-lobbyists
The federal government owns most of GM.
So when GM hires lobbyists, things get kind of weird: The government (through GM) pays people whose job is to influence the government in a way that will benefit GM (and, therefore, the government).
On the one hand, this seems ridiculous.
On the other hand, companies hire lobbyists because they figure it's good for business. And GM still has to compete against other car companies that are hiring their own lobbyists.
We bring this up now because Rep. Darrell Issa, a California Republican, is planning to propose barring government-owned companies from hiring lobbyists.
So when GM hires lobbyists, things get kind of weird: The government (through GM) pays people whose job is to influence the government in a way that will benefit GM (and, therefore, the government).
On the one hand, this seems ridiculous.
On the other hand, companies hire lobbyists because they figure it's good for business. And GM still has to compete against other car companies that are hiring their own lobbyists.
We bring this up now because Rep. Darrell Issa, a California Republican, is planning to propose barring government-owned companies from hiring lobbyists.
So far, the word is that Issa's bill would bar the hiring of lobbyists by any company in which the federal government holds a minimum five percent stake.
The basic question is easy enough: Should a company owned in part by the public trust be allowed to hire lobbyists to influence the public trust?
There are, of course, some other questions that are fair, as well: Is five percent too low a threshold? Or perhaps should it be any ownership stake? What about companies receiving federal contract funds for research and production? Companies asking for federal contract funds?
And, yes, there is the obvious, whether or not we should get rid of lobbyists altogether. But that's probably not going to happen, even if we start dragging lobbyists and Congressmen alike from their cars and lining them up against the wall.
Additionally, it might be worth considering whether the government's stake in a bailout company like GM should have voting power. After all, it seems redundant, to say the least, that a controlling interest should hire people to influence itself.
I can't tell whether the conundrum here is simply logical, or fundamentally ethical.
____________________
Notes:
Goldstein, Jacob. "Should GM Be Allowed To Hire Lobbyists?" Planet Money. June 17, 2010. NPR.org. June 17, 2010. http://www.npr.org/blogs/money/2010/06/17/127903958/should-gm-be-allowed-to-hire-lobbyists