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May 26, 2023 | Revolving Door Project Newsletter
Hack Watch: Everyone’s So Worried About The President Getting Sued About the Debt Ceiling, No One Seems to Have Noticed He Already Was
May 24, 2023 | Revolving Door Project Newsletter
Who’s Going To Keep Corporations Honest?
The Washington Post last week ran a delightful little synopsis of Senator Bernie Sanders’ (I-VT) true passion: congressional oversight. Bernie is revered for his willingness to hold corporations and their CEOs accountable for their villainy, and how he does so with extraordinary dexterity. Be it by ruthlessly interrogating Big Pharma executives for their murderous price gouging of lifesaving treatments or humiliating Howard Schultz for being a whiny billionaire union-buster, Bernie Sanders makes congressional oversight hearings fun. The fun he makes for himself and for the public he strives to give real voice to through speaking truth to power is not just gratifying; it also helps sharpen congressional oversight into a tool to actually achieve something.
May 17, 2023 | Revolving Door Project Newsletter
Progressive Counteroffers to Manchin’s Dirty Deal, Debt Ceiling Edition
Manchin’s dirty deal is back on the table, again, according to coverage of the play-by-play of Biden and congressional leaders’ not-not-negotiations over raising the debt ceiling. Whether or not Manchin’s proposal gets packaged with a debt ceiling deal, it seems the question is when, not if, it gets taken up. That’s due in large part to Biden and Schumer’s unjustifiable fealty to Manchin, the administration’s chief saboteur, whose latest pledge is to block all of Biden’s EPA nominees.
May 10, 2023 | Revolving Door Project Newsletter
The GOP Budget Plan Would Ruin Millions of Lives
There are a lot of things you could say about the GOP’s proposed plan to reduce the deficit. But if we want to be more expansive than just calling it “batshit crazy” and washing our hands of the whole clown show, as we think Biden can and should, then we could point out that the GOP plan is an expression of profound hostility to the idea of a federal government that serves anyone besides war profiteers.
May 03, 2023 | Revolving Door Project Newsletter
On the Debt, Biden Has No Choice But To Make One
On Monday, Treasury Secretary Janet Yellen shortened the estimate of when the U.S. could default on its debt to as soon as June 1. We’re less than a month out from the so-called X-date: the day that the federal government runs out of cash. President Biden has invited House and Senate leadership to the White House to talk debt this coming Tuesday, with highly uncertain results.
April 26, 2023 | Revolving Door Project Newsletter
Tyranny, Thy Name is SCOTUS
We can be forgiven for thinking that Clarence Thomas set a high-water mark for judicial corruption that would be hard for his colleagues to surpass. Just yesterday, a new investigation from The Intercept and the Project on Government Oversight deepened what we know of Thomas and billionaire donor Harlan Crow’s financial ties, highlighting how Crow purchased a second citizenship in the tax haven island nation of St. Kitts and Nevis, which makes tracking Crow’s financial transactions—including his gifts to Thomas—extremely difficult. The investigators point out that this will complicate Senate Finance Committee Chair Ron Wyden’s request that Crow provide evidence that he “complied with all relevant federal tax and ethics laws.” Nothing worrisome about a top U.S. justice being financially entangled with a billionaire who changed his citizenship to evade U.S. law!
April 19, 2023
KJ Boyle Andrea Beaty Emma Marsano
Anti-MonopolyConsumer ProtectionDepartment of JusticeFTCGovernment CapacityIndependent Agencies
To Reverse Decades Of Neglect, Antitrust Agencies Need Robust Budgets
The FTC and the DOJ are still dealing with a deluge of corporate mergers, and still only have capabilities to challenge a handful of those actions each year. Restoring competition in the U.S. economy will require much more than slight increases in funding — these government agencies need monumental budgets to take on entrenched monopolies that have flourished with decades of lax enforcement.
April 17, 2023 | RDP Newsletter
Is Larry Summers Exempt From Editors' Notes?
April 12, 2023 | Revolving Door Project Newsletter
This Era of Elite Impunity Must End
What is it called when one of the nine most powerful judges in the U.S.—a man whose title is literally Justice—has routinely accepted secret private jet rides and luxury yacht vacations from a billionaire right-wing mega-donor for over two decades? What does it mean that this was not disclosed, in violation of the Ethics in Government Act? If the ruling class wants the public to believe that the rule of law means anything to them, then the answer must be “breaking the law,” necessitating investigations, trials, and professional consequences.
April 05, 2023 | Revolving Door Project Newsletter
Dylan Gyauch-Lewis Hannah Story Brown
Department of JusticeDepartment of TransportationFinancial RegulationGovernanceIndependent AgenciesRevolving Door
Several Flavors of Regulatory Failures
Until the Biden administration learns that they need to draw a sharp contrast with their predecessors and, generally, do a full 180, they will keep getting egg on their faces. And when the blame genuinely belongs to both the Trump and Biden administrations, warranted criticism of disastrous Republican deregulation is undermined.
March 31, 2023
Hack Watch: Steve Rattner, SVB, And Selective Expertise
A wealth manager with a history of breaking the rules should not be the authority on bank regulation.
March 24, 2023
CNBC Airs Falsehoods And Parrots Landlord Lobbyists To Trash Rent Control
Corporate media continues to carry water for Big Real Estate by presenting industry-aligned talking heads as neutral “experts”.
March 17, 2023 | RDP Newsletter
Economic PolicyExecutive BranchFinancial RegulationIndependent Agencies
Hack Watch: Two Percent Is Just A Number
There’s nothing special about the Fed’s target inflation rate
March 15, 2023 | Revolving Door Project Newsletter
Selling Out the Arctic; Bailing Out the Rich
The year is 2023, the concentration of carbon dioxide in the atmosphere is 50 percent higher than it was before the Industrial Revolution, and the so-called “climate president” has decided to go ahead with industrializing the Arctic wilderness, a region already warming four times faster than the rest of the world.
March 03, 2023
Ethics in GovernmentFederal ReserveFinancial RegulationMedia Accountability
Media Continues To Rehabilitate Disgraced Former Fed Vice Chair
Insider-trading can’t keep Powell’s right-hand man from becoming CNBC’s new favorite expert.