The report lays out the different ways in which businesses engage in politics today. The $6 billion spent annually on lobbying is just one facet; others include spending on elections and ballot initiatives, efforts to influence employees' votes and donations, and adding former government officials to companies' payrolls.
-- Sibile Marcellus, Yahoo Finance
I don't know about squandered, but all of this diverted non-business investment is certainly a wet blanket on the recovery. Perhaps someday this will get written into the text books as one of the negatives to low interest rates. Money becomes so cheap, that it can be squandered on politicians.