The Senate Gold Mine

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A trio of researchers at CEP have done a fascinating little study of lobbyist revenue. Their conclusion:

Our main ?nding is that lobbyists connected to US Senators su?er an average 24% drop in generated revenue when their previous employer leaves the Senate. The decrease in revenue is out of line with pre-existing trends, it is discontinuous around the period in which the connected Senator exits Congress and it persists in the long-term….Measured in terms of median revenues per ex-sta?er turned lobbyist, this estimate indicates that the exit of a Senator leads to approximately a $177,000 per year fall in revenues for each a?liated lobbyist.

So: starting around 2000, the value of ex-congressional staffers started to rise much more quickly than non-connected lobbyists. And when the connected lobbyists’ patrons left Congress, either because they retired or lost reelection? Boom. Their revenue drops like a rock. This isn’t really surprising, I suppose, but it’s interesting to see a number put to it.

And by the way, this is only true for senators.  For lobbyists connected to House members leaving office, the loss is “a weakly statistically signi?cant 10% of generated revenue.” Moral of the story: if you want to cash in, work for a senator.
 

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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