The DNC is following Obama’s lead in not taking donations from Washington lobbyists.
It’s become clear that the lobbyists angle is one way Obama is going to grind down McCain’s undeserved reputation for integrity (a reputation trumpeted day in, day out at the Washington Post) since McCain’s campaign is run by lobbyists. It’s the proper stance by Obama and Howard Dean’s DNC in that it helps keep the government’s focus on helping everyone, not just special interests. But I think it will have consequences beyond how the Democrats & the government operate.
I wonder about the consequences. Numerous businesses budget money for political donations as part of their business plans (CSX for instance). If the Republicans are out of power and a President Obama won’t take donations, what do businesses do with that money? Do they just re-invest it in their business? That might be better for the overall economy, but a fair number of lobbyists in Washington will be out of work. (Out of work lobbyists! The horror! The horror!) Do these special interests try to donate more at the state level? Or do they help the GOP pay for a re-branding effort?
hat tip to commenter andrei at balloon juice