April 20, 2020
A Larry Summers Comeback Would Threaten Climate Justice
Summers’ influence has directly exacerbated our climate crisis by repeatedly halting any meaningful attempt at curbing the crisis.
April 15, 2020
Freshman Legislators Advance a Courageous Plan to Address Economic Fragility
This crisis has shattered any illusions that our post-financial crisis framework is resilient enough to withstand the challenges of the future. Coronavirus has, in particular, uncovered one of our most fundamental, persistent weaknesses: our continued inability to anticipate and prepare for new financial risks. For this ill-preparedness, we have powerful actors like BlackRock, the asset management giant and political titan, to thank. In an effort to avoid more stringent regulation, BlackRock and others not only evaded scrutiny for their own contributions to systemic risk, but virtually destroyed the mechanisms designed to examine such risk across the wider economy.
April 14, 2020
Facebook Picks Up Senior FTC Official To Undermine Her Former Employees
The Covid-19 pandemic is creating ripe conditions for corporate acquisition sprees by industry giants. But at least one company, already under the microscope, isn’t just looking to pick off competitors. Facebook has its eyes on the supposed cops on this beat, the antitrust enforcement officials ready to jump ship.
April 11, 2020 | Washington Monthly
How Big Tech Is Preparing for a Biden Presidency
If Joe Biden wins in November, you can bet that Big Tech’s representatives will do the same thing as every other industry’s political strategists: scour the list of more than four thousand appointments across the executive branch the new president needs to make, and figure out which of their loyalists are ready for a spin through the government’s revolving door.
April 09, 2020 | The American Prospect
Congress Must Have Skipped the First Three Seasons of Trump Reality Show
The coronavirus pandemic created an imperative for action that even Mitch McConnell could not ignore. In the space of just a few weeks, Congress passed three major pieces of legislation, including the largest fiscal package in this country’s history. Now, however, lawmakers have hunkered down in the safety of their in-district homes, while the Trump administration sets about administering newly appropriated funds with little challenge. It is doing a predictably poor job.
April 08, 2020
BigLaw Jobs Are The Most Popular Next Step For Ex-FTC Antitrust Lawyers
A slim majority of individuals whom we could identify, and a strong plurality of the overall data set, have revolved into corporate law firms where they defend clients in the sorts of investigations and approval processes which they themselves used to administer.
April 08, 2020 | Talking Points Memo
What Will Feds Do About Corporate Bailout Bill Corruption? Look To Walmart's Opioids Case
If and when we (likely inevitably) learn that bailed-out companies and multi-trillion dollar slush funds misuse the public disaster relief dollars doled out by the Trump administration in the wake of the pandemic, we should turn back to this Walmart story for further evidence of why big corporations are rarely held accountable.
April 07, 2020
March 2020 Update on the State of Independent Federal Agencies
The federal government’s independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
April 07, 2020
Joint Letter: Coalition Urges Congress To Select Highly Qualified, Experienced Members for Congressional Oversight Commission
We write to call on you to act swiftly to install actors who will take their oversight duties seriously and prioritize the public interest, and thank Leader Schumer for doing so in the case of his recent selection to the Commission.
April 06, 2020 | Alternet
Jared Kushner is the point man for private profiteering on the coronavirus response
Hot off of singlehandedly ending the Israeli-Palestinian conflict, America’s Son-In-Law-In-Chief has put himself in charge of handling half of the White House response to the coronavirus crisis. Didn’t you know that? No? Oh, well, it seems the White House just decided that, ah, the people didn’t need to hear about this. Oh, and FYI, most of his team are from the private sector. That’s not a problem, Congressional Democrats, is it?
April 03, 2020
Which Bailed Out Industries Have a Shortcut to Biden World?
For the reality-based, Trump’s indifference to the tragedy that the novel coronavirus and COVID-19 are spreading across the country might be maddening but not surprising. Trump downplaying the severity of the crisis, tweeting nonsense, and pushing for a $500 billion corporate bailout are entirely on brand.
April 02, 2020 | The American Prospect
The Men and Women Who Shrank the U.S. Ventilator Supply
This week, we learned that America squandered the opportunity to avoid an imminent critical shortage of lifesaving ventilators, and horrifying medical triage, amid surging COVID-19 cases in New York City, New Orleans, and elsewhere. The New York Times reported that a 2012 merger overseen by the Federal Trade Commission (FTC) foiled public-health officials’ push to replenish the nation’s ventilator supply.
March 24, 2020
SEC Must Build Public Trust in Government by Policing Federal Officials’ Crisis Profiteering
Amidst an economy-crashing pandemic, several Senators appear to be more concerned with their stock portfolios than with the well-being of their constituents or with their Senatorial responsibility to offer a solution. Sadly, this will almost certainly not be the only instance of crisis profiteering during the coronavirus outbreak.
March 24, 2020
Good Government Groups Demand SEC Investigate Sen. Kelly Loeffler for Insider Trading
Today, the Demand Progress Education Fund and Revolving Door Project submitted a complaint to the Securities and Exchange Commission (SEC) requesting that the agency investigate Senator Kelly Loeffler for insider trading.
March 20, 2020 | Center for Economic and Policy Research
Trump Stimulus Plan: Still Getting Everything Wrong
Donald Trump has consistently been failing the country in dealing with the coronavirus. Due to Trump’s failed public health response, even his treasury secretary acknowledges that we are facing the worst economic collapse since the Great Depression. This is in addition to the prospect of tens of millions of people getting the coronavirus and hundreds of thousands, or even millions, dying.