“[The] revolving door culture… that inevitably means, when push comes to shove, that corporate interests will have the upper hand in the close calls that determine public policy,” Moyers said. “It’s how the insiders fix the rules of the market no matter which party is in power.”
He added that even though President Barack Obama implemented a series of widely praised lobbying reforms, “those rules and regulations have loopholes big enough for Santa and his sleigh to drive through, reindeer included.”
This video is from “Moyers and Company,” published Friday, December 14, 2012.
Stephen C. Webster is the senior editor of Raw Story, and is based out of Austin, Texas. He previously worked as the associate editor of The Lone Star Iconoclast in Crawford, Texas, where he covered state politics and the peace movement’s resurgence at the start of the Iraq war. Webster has also contributed to publications such as True/Slant, Austin Monthly, The Dallas Business Journal, The Dallas Morning News, Fort Worth Weekly, The News Connection and others. Follow him on Twitter at @StephenCWebster.
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