Let’s not forget about all of the floundering banks during the peak of the crisis that somehow managed to spend taxpayer money that was meant to keep them alive, on lobbying against reform. Corporate America does this because they know that they can easily buy Washington so the laws can be written for their benefit.
The days of the 1% dominating the system has to change if we want to get the middle class back on a growth track. It may not be what the corporate world wants, but it has to happen. Great report by Think Progress. Click through to see the list of 30 corporate giants who spend more on lobbying than they pay in taxes.