A few weeks ago I pointed out that lawyers and law firms gave the largest slice of the $150 million pie of campaign contributions collected by our current crop of presidential candidates in the first three months of this year.
“Why pick on lawyers?” folks asked. Here’s why: They give boatloads of money to candidates.
In every election cycle since 1990, lawyers and law firms have ranked first among more than 80 industries in ponying up campaign contributions to congressional and presidential candidates. In the 2006 election cycle, they were second. That’s according to Federal Election Commission filings aggregated by the Center for Responsive Politics. An election cycle covers two years.
During those 16 years, lawyers and law firms gave more than $780 million to federal candidates, more than any other industry. Holy habeus corpus, Batman!
Generally, the legal profession supports Democrats, who got 72 percent of that money.
In the 2006 election cycle, lawyers and law firms gave nearly $60 million (62 percent to the Dems). Their favored politician? Sen. Hillary Clinton (D-N.Y.). The legal profession gave her $4.3 million.
For the sake of fairness, let’s pick on other industries that are prolific campaign contributors.
Here are the top 14 industries that gave money to congressional incumbents in the 2006 election cycle, the total given and the politician most favored:
1. Lawyers/law firms | $59,963,678 | Sen. Hillary Clinton
2. Retired | $41,930,398 | Sen. Clinton
3. Real estate | $35,283,779 | Sen. Joe Lieberman (I-Conn.)
4. Health professionals | $32,494,209 | Sen. Clinton
5. Securities/investment bankers | $28,238,304 | Sen. Lieberman
6. Leadership PACs | $25,938,098 | ex-Sen. Rick Santorum (R-Pa.)
7. Insurance | $21,262,375 | ex-Sen. Santorum
8. Lobbyists | $16,371,735 | ex-Sen. Santorum
9. Commercial banks | $16,073,084 | Sen. Clinton
10. Pharmaceuticals/health products | $13,994,760 | ex-Sen. Santorum
11. Miscellaneous finance | $13,590,823 | Sen. Lieberman
12. Electric utilities | $12,827,723 | ex-Sen. Santorum
13. Business services | $12,144,982 | Sen. Clinton
14. TV/movies/music | $12,012,166 | Sen. Clinton
(Here’s what a “Leadership PAC” is.)
Fourteen industries, only three top recipients: Sens. Clinton and Lieberman and former Sen. Santorum.
In the 2006 cycle — just two years — these 14 industries gave a total of $17,040,289 to Sen. Clinton; $15,467,248 to Sen. Lieberman; and $9,345,942 to ex-Sen. Santorum. (I calculated these using Excel and aggregated data from opensecrets.org.)
These 14 industries have given a total of $4,083,883,875 to federal candidates and officeholders in the eight election cycles since 1990. That’s more than $4 billion, people. (That total doesn’t count “miscellaneous finance”; longitudinal data aren’t available.)
That’s just 14 industries, the tip of campaign finance iceberg: The Center for Responsive Politics aggregates data on more than 80 industries. (Here’s how the center classifies contributions.)
But it’s not enough to discuss money in politics just by calculating campaign contributions made. Industries spend big money on lobbying. That means toting up salaries and other costs associated with advancing legislative interests in Congress as well as influencing decisions and rule-making of regulatory agencies of the federal government.
The center maintains a lobbying database. With its data, a little patience and an Excel spreadsheet, you can learn this: Ten of these 14 industries (I’m not counting “misc. finance,” “retired,” “lobbyists” and “leadership PACs”) reported total lobbying expenses between 1998 and 2005 of $5.05 billion. Again, that’s billions, people.
The roll call:
• Pharmaceuticals/health products | $1,086,829,136
• Insurance | $893,436,844
• Electric utilities | $793,774,338
• Real estate | $547,526,603
• Securities/investment bankers | $412,253,906
• Health professionals | $404,012,997
• TV/movies/music | $389,077,314
• Commercial banks | $245,760,658
• Business services | $141,051,078
• Lawyers/law firms | $135,823,518
This is not an argument that money — either as a campaign contribution or a lobbying expense — automatically soils all it touches.
But when voters assess the performance of their elected leaders, or those who seek to be their leaders, understanding who gives them money and why is an important consideration. Similarly, when federal agencies, particularly regulatory ones, make decisions, asking who spent what and where and why prior to those decisions provides clues to motivations.
Bottom line: These 14 industries have given more than $4 billion in campaign contributions since 1990 and spent more than $5 billion on lobbying costs between 1998 and 2005. That’s more than $9 billion. The sheer volume of that industrial-strength, money-fueled voice tends to drown out the voice of a single voter or public-interest advocate.
Money’s everywhere in government and politics. We need to keep track of it.
[Please consider donating to the Center for Responsive Politics. It does useful, exceptional work.]
xpost: 5th Estate