Lobbyist Pipeline Dries Up

The Times reports on the implications of Sen. Stevens’ departure on those lobbyists with ties to his office.

His power made his good will a valuable commodity on K Street, where many lobbying firms are located. During the past five years, just nine lobbyists and firms known primarily for their ties to Mr. Stevens reported over $60 million in lobbyist fees, not including other income for less direct “consulting.” The most recent person to leave his staff to become a lobbyist reported fees of more than $800,000 in just the last 18 months.

So when Alaskan voters narrowly rejected Mr. Stevens’s bid for re-election last month, just days after a jury convicted him of federal ethics violations, it was in some ways like the closing of the plant in a company town.

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