Normal people often wonder why some feel the call to go into government. Most will tell you it is about some nonsense like wanting to make a difference or to help their fellow men. But the truth, especially with the ones that are the most vocal about hearing the call to public service because they want to make a difference, is that it is an awesome money making scheme. Case in point another member of Team Obama, whom told us she was there to help the little guy out.
After attacking hedge funds and their managers during her tenure in the Obama administration, Anita Dunn is now working as a public relations consultant to improve the industry’s image, according to a secret proposal obtained by the Washington Free Beacon.
Dunn, formerly the interim White House communications director for the Obama administration and currently a managing director at the Democratic consulting firm SKDKnickerbocker (SKDK), is being promoted by the public relations firm McLean/Clark LLC as a director of “paid media” for a pro-hedge-fund campaign. The project is described by promotional material as a “comprehensive public affairs operation” to “raise awareness about the positive role hedge funds play in the American economy” and to “eliminate the need for politicians to take aim at hedge funds.”
As White House communications director, Dunn helped President Obama criticize hedge funds as a key factor of the financial collapse—and she has continued that criticism, at least in public, ever since.
An industry outsider who was pitched on Dunn’s proposal told the Washington Free Beacon that he was surprised to see the former Obama official involved in the effort. “First we see Dunn attack us on television,” he said, “and then she tells us to hire her to head off the exact attacks that she herself is hurling at us. The entire thing begins to stink like a protection racket.”
Crony capitalism, where government picks the winners and the losers, and in the process allows the credentialed elite making these decisions to get stinking rich, helps the little guy how again? And lest you think she is an exception to the rule, check this out:
Dunn’s new consulting project comes just over a year after one of her Obama administration colleagues, former Office of Management and Budget director Peter Orszag, also accepted a prominent position in an industry the president has targeted. In December 2010, Orszag took a job as vice chairman in global banking at Citigroup, a company that Obama once tried to dissolve. Current White House chief of staff Jack Lew previously worked for Citigroup, where the Alternative Investments unit he ran was ranked globally as a top “fund of hedge funds” and invested in a hedge fund managed by Paulson. Current acting director of the Office of Management and Budget Jeffrey Zients previously worked for Bain & Company, a business consulting firm tied to GOP presidential candidate Mitt Romney. Meanwhile, former White House press secretary Robert Gibbs, now a paid consultant on President Obama’s re-election campaign, is being paid to speak at an annual conference of hedge fund managers this May.
Dunn’s fellow managing director at SKDK, Hilary B. Rosen, sits on the board of the Center for American Progress Action Fund, which along with sister organization the Center for American Progress (CAP), has been a relentless critic of the hedge fund industry. This, despite the fact that Thomas Steyer, who sits on CAP’s board, runs Farallon Capital Management, one of the largest hedge funds in the country. Rosen formerly worked for the communications consultancy partnership Brunswick Group LLC, which advises hedge funds. McLean/Clark’s proposal did not mention Rosen. However, the head of SKDK’s New York office, Josh Isay, is listed in the proposal alongside Dunn.
Of course, if you are looking for the LSM to report any of this you are going to wait forever, and your waiting will be for naught. I wonder what the ratio of these people that don’t pay their taxes at all or in part, never mind their fair share, is. And we all know that the only evil people that do this sort of things are right wing assholes that want to keep women barefoot and pregnant, beat up gays and keep them oppressed, and are damned racists that don’t have the smarts to see how great Obama really is.
It is not a coincidence that when government of these kinds of people talks about servicing the populous, what they intend to do is the same kind of “servicing” that a bull does for cows.