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In reply to the discussion: There is a jaw dropping line in an article today- "President Barack Obama and his Republican allies" [View all]Elwood P Dowd
(11,453 posts)Its nothing more than a revolving door of corporate lawyers and lobbyists.
USTR Nominee Froman Called 'One Of The Most Egregious Examples Of The Way The Revolving Door Works Between Gov't And Business'
After posting a bit about Michael Froman, the new nominee for USTR, I was already skeptical that he'd be any improvement over the predecessor, Ron Kirk. After all, Froman was deeply involved in three of the worst free trade agreements that the US has negotiated over the past few years, which more or less set the model for the ambitious and dangerously misguided ACTA and TPP agreements. However, some others have pointed out that it may be even worse, highlighting a Felix Salmon blog post from 2009, in which he calls Michael Froman out as being an "egregious example" of the revolving door problem we've highlighted between regulators and the businesses they regulate.
[Michael Froman's] one of the most egregious examples up there with Bob Rubin, literally weve yet seen of the way the revolving door works between business and government generally, and between Citigroup and Treasury in particular.
That's troubling, to say the least. Salmon points to a Matt Taibbi piece for Rolling Stone that highlights some very questionable activity on the part of Froman, including keeping his job at Citibank while helping to select the economic team for Obama's first term... the very folks who would be in charge of regulating Citibank