Bloomberg has one of my favorite perennial Washington pay-to-play stories:

Goldman Sachs Group Inc.'s political action committee contributed the maximum $10,000 to Connecticut Republican Christopher Shays's effort this year to keep his House seat.

Shays lost. Two weeks later, the PAC gave $5,000 to the winner, Democrat Jim Himes, whom it had shunned during the campaign.

New York-based Goldman Sachs, which declined comment, isn't alone. Other company PACs, including AT&T Inc. and Bank of America Corp., also began filling the campaign coffers of the freshmen who ousted their preferred candidates, federal records show.

"When an incumbent loses, donors naturally turn their attention to the new officeholder," said Rogan Kersh, associate dean of New York University's Wagner School of Public Service. "It's the American version of, 'The King is dead. Long live the King!'"

This happens after every election. Corporations that picked the losing candidate quickly turn around and dole out campaign cash to the victors. Why would they do this? Duh--to get access to these legislators so they can try to influence their votes on key matters. There's been plenty of chest-thumping in recent days about Illinois Governor Rod Blagojevich and the corrupt pay-to-play system in Illinois. Yet a well-established version of pay-to-play exists in the nation's capital. It may be that Senate seats are not bought and sold in Washington; they're just rented. Which brings me to.....