Why You Should Stop Buying Appliances in 2018
“The best way to save money in the next few years is to buy something that you love and that you can count on for decades.”
– Bill Murray article You don’t have to look far to find this sentiment from a household appliance company executive.
The American Petroleum Institute, the nation’s biggest energy lobby, has a motto that says it all: Save money.
According to an analysis of spending data by The New York Times, the industry spends more on lobbying than any other sector of the federal government.
This is true of appliances, too, but it’s not always the case.
The list below is a look at some of the most prominent appliance companies that have spent a lot of money lobbying in the past few years, as well as some of their strategies for doing so.
In 2018, the industries that spent the most money lobbying: Appliances Appliances (excluding the energy sector) $11,769,000 $4,945,000 Furniture and related accessories $11 and $4 million $8,959,000 Appliances, including furniture and appliances, $1,084,000 ($1,092,000 from energy) Consumer goods $1.2 billion $835 million Home furnishing $1 million $1 billion Furniture, including kitchenware, dining and home furnishing, furniture, fixtures and other related items $965 million ($1.5 billion from energy and food) Office furnishings $1 and $5 million $9 million Total $11.2 trillion The list of appliance companies spending a lot on lobbying is a little longer, but we did include some major players, like General Electric, which spent more than $3 million.
While the energy industry is the most popular sector for appliance companies, the other two — furniture and appliance — are the most lucrative.
Here’s how each of the top five industries spent their money on lobbying in 2018.
Appliances $11 million Furniture $8 million Office Furniture (including furniture and fixtures) $9 billion Consumer goods (including energy) $1 trillion Consumer goods, including home furnishes $1-billion Consumer goods including furniture, appliances, appliances and furniture $1-$2 billion Total $17 trillion The most important factors in a company’s strategy for lobbying are the industry it represents, the types of products it produces and how much money it spends on lobbying each year.
For instance, General Electric lobbied aggressively on both fronts.
Its lobbying on energy and health care legislation made it the nation�s biggest energy lobbyist.
The company also spent more on both the food and consumer goods industries, making it a natural choice for many of its clients.
As it turned out, General Electricity was able to keep the pressure on the government after it became clear that a new bill was not going to be passed before the end of 2018.
It had to make concessions in the legislation to win support from Congress.
However, it was also able to lobby to keep its energy policy in line with the industry’s, in hopes of avoiding a government shutdown that would have crippled the country.
In 2020, the companies that spent more lobbying than all of the others: Appliers Appliances — $11-billion Furniture Appliances and related equipment — $3-billion Household appliances — $4-billion Home furnishings Appliances including furniture — $1-, $5-billion Appliances that include furniture — $(3,000-3,600) Appliances other than furniture and accessories — $(5,000-$7,000) Total $13.5 trillion The other big category in the energy lobby is furniture.
The U.S. Department of Agriculture, which oversees the food stamp program, has lobbied heavily on this issue, with the U.N. Food and Agriculture Organization and the American furniture and furnishings trade association among the groups that spent most.
The food stamp budget alone has nearly doubled since 2009, when Congress first gave the agency the power to spend money on the program.
In the same time period, the United States saw a significant decline in the number of people receiving food stamps, with a sharp drop in the first half of 2018 from the same period last year.
This trend was also exacerbated by a massive spike in the price of the commodities that food stamps are being used to purchase.
At the same times, the U,S.
dollar has appreciated sharply, and food stamp recipients were spending less than they did during the height of the financial crisis in 2008.
The industries that spend the most on lobbying include the food processing and packaging industries, which includes food service companies like McDonalds and Wendy’s.
The companies that spend most on both sides of the aisle spend the biggest percentage on lobbying.
The United States Chamber of Commerce spends the most in both the consumer goods and appliance industries, but also spends the largest percentage of its overall lobbying dollars in the consumer products industry.
Other notable consumer goods lobbying organizations include the American Council