In the New York Review of Books this week, Elizabeth Drew has perhaps the best overview yet written on the sordid ties between K Street and the Republican-controlled Congress in Washington. There's far too much in here to do justice by way of excerpt, but these paragraphs on how companies raise money for candidates were particularly depressingespecially the last bit:
The McCain-Feingold campaign finance reform bill in 2002 didn't stop powerful companies and members of Congress from buying and selling influence. Representative Barney Frank, a major backer of the reform bill, says, "It works about the same as it did before." But, he adds, because the new law banned large soft money contributions by individuals, corporations, and labor unions to campaigns for federal office, and maintained overall limits on how much a person can contribute to federal electionsdoubling them from $2,000 to $4,000 per election cycleeveryone has to work harder to raise the money. Still, congressmen are seldom heard to complain that they can't raise enough money and in fact, according to data compiled by the Center for Responsive Politics, both the political par-ties and individual candidates are raising more money than ever. Lobbyists still manage to deliver large amounts to legislators by "bundling" smaller contributions.
They contribute most of the money they raise to incumbents who can be depended on to do favorsa major reason (in addition to gerrymandering) why there is serious competition in only 10 percent of House races, and only about five seats change hands in each congressional election. Members of Congress expect to receive contributions from local industries (and their workers)say, the coal industry in West Virginiaand they back legislation to help them out as a matter of doing constituent work. It's illegal for a firm to compensate employees for their political contributions, but, a Republican lobbyist says, a job applicant is often told that he or she is expected to make contributions, and salaries are adjusted accordingly.
Definitely read the whole piece. Abramoff and DeLay are just a tiny, tiny tip of a gruesomely large iceberg here.