Seriously. Read this article and it will be impossible to say that Obama’s popularity won’t grow on Main Street. I don’t know about Wall Street though…

By the way, when you are done reading, do let me know what you think about the entire election system; it almost seems like a lobbyist’s dream come true, no? I mean, with all the money that campaigning and transitioning and inaugurating needs, it was only a matter of time because this whole lobbying situation happened. Then again, did it become this expensive because of lobbyists, manipulating things so that they get their way? I wonder…

Whatever the situation, it brings to light yet again that the way we humans are regulating our world affairs isn’t the best way (although many of us would like to thing otherwise). Politics will always be a reality, but does it have to be done the way it’s currently done?

Obama transition team limits lobbyists’ involvement

Turning to campaign promises in which he pledged sweeping ethics restrictions, President-elect Barack Obama will bar lobbyists from helping to pay the costs of his transition to power or working for it in any area in which they have represented clients in the past year, according to his transition team.

Obama’s aides indicated that they expected the rules to apply to his inauguration as well as the transition but said they had yet to make a final decision on how the inauguration would be paid for.

John Podesta, a co-chairman of the Obama transition, called the restraints “the strictest, the most far-reaching ethics rules of any transition team in history.”

“If someone has lobbied during the past 12 months, they’re prohibited from working in the fields of policy on which they lobbied and will have to cease all lobbying activities during their work on the transition,” Podesta said, speaking to reporters Tuesday in the first official briefing by the transition team.

But the new rules do seem to leave some wiggle room. Aides to Obama, who declared during the campaign that lobbyists would not “find a job in my White House,” said the guidelines allowed lobbyists to work on the transition in areas where they have not done any lobbying.

Further, the rules apply to lobbyists who must register with the federal government; many people who work for lobbying firms or in other areas of the influence business in Washington do not have to register, because they do not personally lobby federal officials on specific issues.

Podesta said he expected the transition to employ some 450 people and have a budget of about $12 million. Of that amount, $5.2 million will be paid by the government, with the remaining $6.8 million coming from private sources, he said.

Contributions will be limited to $5,000, he said, and the transition will not accept money from political action committees.

During a presidential campaign in which he raised $650 million, Obama changed the rules of fund-raising, declining public financing and creating his own multimillion-member chain of donors.

At least some of those contributors will be solicited for the transition.

As a candidate, Obama laid out more detailed and onerous ethics rules than any previous prospective president, pledging to bar appointees for two years from working on matters involving their former employers, to prohibit departing officials from lobbying his administration for its duration and to require all political appointees to disclose publicly every meeting with registered lobbyists.

The rules have led to some grumbling that at a time of immense challenges, an Obama administration could be excluding a pool of substantial talent by stopping people from working for the White House in the areas they know best.

“I’ve heard the complaint,” Podesta said, “which is we’re leaving all this expertise on the side, because we’re leaving all the people who know everything out in the cold. And so be it.

“This is a commitment that the American public expects, and it’s one that we intend to enforce during the transition.”

It remains unclear how the rules will affect the inauguration. President George W. Bush raised more than $40 million for his second inauguration, mostly from companies and executives.

While aides to Obama say they are keenly aware that a lavish celebration might not be well received given the faltering economy, they indicate that the historic nature of Obama’s inauguration and the expectations of high turnout all but guarantee that the occasion, on Jan. 20, will be a huge one.

Yet in one early sign that the celebrations are likely to be somewhat scaled back, Obama canceled fireworks on election night in Grant Park in Chicago, telling his advisers that the times were too serious for that type of festivity.

“It’s going to be a balancing act,” one Obama aide said, “and I’m not sure how it’s going to be done.”