Word: specializes
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Dates: during 1970-1979
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Representative government on Capitol Hill is in the worst shape I have seen it in my sixteen years in the Senate. The heart of the problem is that the Senate and the House are awash in a sea of special interest campaign contributions and special interest lobbying...
...ironic that in passing the campaign "reform laws of the 1970s, Congress claimed to be cleaning up politics and removing special interest influence. In some ways, the result has been quite the opposite. With political parties becoming less effective fund raising agents for candidates, and with the $1000 limit on individual contributions, corporate PACs have become a major source of funding in Congressional campaigns. And the room for further growth is tremendous. Two thirds of the 500 largest industrial firms have yet to form a PAC. Business is quickly leaving the once dominant labor union PACs far behind...
Lobbying our legislators and rule-making agencies is another effective means of molding public policy. It has been estimated that special interest groups spend $1 billion annually hiring Washington lobbyists, whose job is to influence the Congress and federal agencies. The exact dollar amoung is unclear because the present lobbying disclosure law is, as Common Cause puts it, "more loophole than...
...from the majority opinion, put his finger on the crucial point--that corporations are artificial entities chartered by the state for the purpose of economic profit-making and not for the purpose of furthering political goals. The sate is interested in promoting economic development and thus bestows upon corporations special privileges such as the ability to pool capital, limited liability, and perpetual life. "The special status of corporations," argues Justice White, "has placed them in a position to control vast amounts of economic power which may, if not regulated, dominate not only the economy but also the very heart...
Committed to ties with both the U.S. and Europe, but without any special affection for either, Thatcher in effect is something of a "British Gaullist." She would like to move away from European economic and monetary union but toward a single foreign and defense policy for the European Community. Although Thatcher is personally a strong backer of Israel, Tory policy is likely to be more pro-Arab than under Callaghan. There are also strong indications that Thatcher will promptly authorize the sale of 250 or so Harrier jet fighters to China, a move that will both outrage the Soviets...