Last
year, the 5 biggest US tech companies -- Alphabet, Apple, Facebook, Amazon, and
Microsoft -- spent a combined $49m on Washington lobbyists, while the 5 biggest
US banks spent just $19.7m. This illustrates the dramatic shift that’s taken
place under the Obama administration, as “the revolving door with [tech]
companies is spinning ever faster -- as it once did with Wall Street.”
The power and influence of tech firms during
the Obama government is unprecedented so says The Hustle. Throughout Obama two
terms at The White House, 183 people that worked under him were hired by
Google, while 58 Google employees left Google to work for him. That’s a lot of
overlap! And it’s not just the Google. Former Attorney General, Eric Holder,
works at Airbnb now, Obama’s former campaign manager took a job at Uber.
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