General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsthe revolving door spins from sea to shining sea
http://www.nationofchange.org/revolving-door-spins-sea-shining-sea-1361976538To those who would argue that the notion of a perpetual motion machine is impossible, we give you the revolving door that ever-spinning entrance and exit between public service in government and the hugely profitable private sector. It never stops.
Yes, weve talked about the revolving door until were red or blue in the face (the door is bipartisan and spins across party lines) but this mantra bears its own perpetual repetition, a powerful reason for our distrust of the people who make and enforce our laws and regulations.
Jesse Eisinger, writing at The New York Times, reports that on January 25, Senate Majority leader Harry Reid announced the appointment of Cathy Koch as his chief advisor on tax and economic policy. According to the Times, The news release lists Ms. Kochs admirable and formidable experience in the public sector. Prior to joining Senator Reids office, the release says, Koch served as tax chief at the Senate Finance Committee.
But, Eisinger notes, the press statement fails to mention Ms. Kochs actual last job as a registered lobbyist for GE. Yes, General Electric, he writes, the company that paid almost no taxes in 2010. Just as the tax reform debate is heating up, Mr. Reid has put in place a person who is extraordinarily positioned to torpedo any tax reform that might draw a dollar out of GE and, by extension, any big corporation.
Egalitarian Thug
(12,448 posts)n2doc
(47,953 posts)Octafish
(55,745 posts)Because that's where the money is. And those who go along to get along, get some -- as long as they keep their big wugs shut.
What Neil Barofsky said:
[font color="green"]"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate."[/font color]
SOURCE: http://www.businessinsider.com/neil-barofsky-2012-8
KoKo
(84,711 posts)that our country has become. Even after Wall St. crashed the system causing USA and Eurozone to force austerity on the population...the same gang is back having survived and they will crash it again and expect a bailout. But, where will the bailout come from the next time?