Wednesday, November 02, 2005

Cashing in on Congress

Washington's revolving door has been very good to departing Congressmen. Public Citizen's Congress Watch has been watching Congressmen go through the door since the 90s. Their new report -- Congressional Revolving Doors: The Journey from Congress to K Street -- found that since 1998, 50% of departing Senators and 42% of retiring Representatives who were eligible to become lobbyists jumped at the job.

A Washington lobbyist with Congressional credentials on his resume can charge $500 an hour.

And they still have access to places in the Capitol that other lobbyists don't have. (Minnesota Daily)

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