August 23, 2014

REVOLVING DOOR UPDATE: The Hill: The Rise Of ‘Obama, Inc.’

The presidency of Barack Obama has catapulted a network of former advisers into lucrative positions.

Members of the president’s brain trust have steadily moved outside the administration in recent years, capitalizing on their association with the Obama brand to launch careers as advisors, consultants and hired guns.

“You see people not only serving as representatives of a lobbying firm but taking these very high-profile corporate jobs. I think that is becoming more common,” said Julian Zelizer, a political historian at Princeton University. “Businesses understand that this is a great opportunity for them.”

I’m sure it is. It’s also another argument for my revolving-door surtax.