Lobbyists - Biased Political Intelligence
Washington, DC. Dec 6th, 2005 ---- Following our News Release today on political intelligence for Hedge Funds and Investors many asked the question "Why not use Lobbyists?"
Simple, lobbyists are there to influence legislation and therefore have a vested interest in the political intelligence supplied. They may claim neutrality to get their huge fees, but the clients of these lobby shops won't take kindly to them giving out the true facts, especially if they are negative. The big partnerships have an even more vested interest as they take millions of dollars to portray their clients in the best possible light, even by planting misinformation, as well as ensuring that their point of view is always at the forefront of the agenda on the Hill.
Then the big Hedge Funds are making the waters even more turbulent by employing highly paid lobbyists to skew the decision making process in favor of their speculative investments. This is where the relationship between Hedge Funds and Lobbyists becomes very dangerous and not in the markets, or nations interests.
Many times speculative investors bet on a stock going down. It is conceivable that they would use their financial might to sabotage industries, or key corporations to reap huge financial windfalls at the expense of the economy and the community. It is one thing to lobby on behalf of an industry, company or employment group to achieve success and create wealth, but the potential to destroy industries on behalf of undisclosed investors is frightening.
For example. If a big hedge fund is investing billions in a Jelly Bean factory in Shanghai wouldn't it want to see the major competitor, say in Detroit go out of business, or be so strapped by legislation that it can't make the Red Jelly Bean or the Black Jelly Bean? If you look around the position of some of the Lobbyists on Capitol Hill, their clients and the legislation they want to promote you will understand the concern.
In that fictional example wouldn't the Detroit Jelly Bean Company be pleased that they were pitched by Big Lobby, LLP to advise them on what was unfolding on Capitol Hill concerning their beans?
In the good old days we had an investigative media that was proud of it's independence and freedom from interference. Today political news stories are killed on a regular basis because of the fear of upsetting advertisers, pressure groups and in order to keep privileged access open to their reporters. Criticize President Bush and see how long it is before your White House Press Credentials get pulled! The deal in many periodicals is a big advertising buy for a number of editorials praising the company, or product.
Capitol Hill has gone one better and has become a lucrative Whore House! Sorry but I couldn't find a nicer phrase to use considering the extent and blatant auctioning of influence that is now going on. It's not that a particular opinion is pushed to the front, but that the direction of that opinion can change many times depending on which lobbyist was in last, and how much was their "Contribution". Not all Members of Congress are that bad, but enough to be of serious concern.
The other serious concern is that lobbyists are becoming international, like Hedge Funds. The lobbying may be for a foreign project and against existing facilities in the United States. The real terrorists threatening Washington, and America often wear expensive suits and have offices in K Street.
The sheer volume of money being poured into the global investment marketplace cries out for a better and safer political knowledge base. The desire to use this unregulated money for criminal needs is too good to miss. We will see the Lobbyists begin to be the new stars of Court TV as many of the scandals around Washington become public.
Now the question again was "Why not use Lobbyists for independent political intelligence". Could it be because they usually have a dog, or maybe even two or more dogs in the race and are betting for, or against the result.