Special interest groups compete for economic stimulus

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Who will get a piece of Obama's stimulus money?Ahead of the finalization of President-elect Barack Obama’s proposed economic stimulus bill, a number of groups have been lobbying for a share of the money.

According to an article in USA Today, the high level of interest in bailout funds could create some difficulties for the incoming administration, which has promised there will be no waste included in any stimulus package.

Groups including Taxpayers for Common Sense have questioned how this aim could possibly be achieved with so many groups jockeying for funds.

"When Congress has got a pocketful of walking around money, there’s a lot of people who are trying to take them for a ride," Steve Ellis of Taxpayers for Common Sense told the news provider.

"If you’re a lobbyist in town and you’re not trying to get a piece of the bailout, you should be fired."

Among those looking for a role in the stimulus plan are the American Apparel and Footwear Association, the Natural Resource Defense Council and the National Air Transport Association.

Each group claims that their contribution could help create or protect jobs, boost consumer spending or otherwise benefit the economy as a whole.

Obama has forecast that the entire stimulus plan could cost as much as $775 billion.
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Personal Liberty News Desk