Wrong! Lobby Shops Are Doing Fine

Townhall.com Staff
Posted: Jul 22, 2011 10:38 AM
Wrong! Lobby Shops Are Doing Fine
Some of Washington’s biggest lobbying shops are pulling down good money this year, but you wouldn’t know it from their public disclosures.

The early reports of second-quarter revenue numbers, due at midnight on Wednesday, had lobbyists bemoaning how a slumping economy and a deficit-obsessed Congress were hurting business. But that downturn in lobbying revenue is more than offset by the regulatory work, political intelligence, investigation prep, and agency lobbying that is part of the unreported influence economy, insiders say.

“Lobbying is the tip of the iceberg,” said Mark Ruge, cochairman of K&L Gates’ policy group.