The presidency is routinely referred as the most powerful position in the world. But in the context of legislation and regulation, that ain’t necessarily so. He or she cannot effectively control the former, but he or she may significantly affect the latter through his or her presidential appointments.

Thanks, Dr. D.

What lobbyists principally do is act to influence legislation and regulation. Therefore it’s important to take notice when presidential candidates spout rhetoric promising to "curb this industry" and "control that industry." How wi…