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November 23, 2022 | Revolving Door Project Newsletter
A Few Things We Aren't Thankful For
Hello everyone, and welcome to a special holiday edition of the RDP Newsletter. Since we’re off for Thanksgiving tomorrow and Friday, this week’s edition will be a bit more off the cuff and includes some material that would normally be in our Hack Watch newsletter. So sit back, relax, and enjoy.
November 18, 2022
Last November, President Biden signed the Infrastructure, Investment and Jobs Act, better known as the Bipartisan Infrastructure Law. The bill provides $1.2 trillion for infrastructure renovations nationwide, with $91 billion earmarked for various public transportation programs. At the time, Biden announced Mitch Landrieu would be the White House’s Senior Advisor and Infrastructure Coordinator in charge of implementing the landmark legislation, more colloquially known as the “Infrastructure Czar.” Landrieu now oversees a $1.2 trillion dollar bill, so he must be in constant communication with the administrators of key agencies to ensure it’s money well spent … right?
November 18, 2022 | Revolving Door Project Newsletter
To Dispel a Mirage
The political world is looking altogether different today than it did last week. With the midterm vote counts and global climate conference wrapping up, while one billionaire throws lighter fluid on the long-smoldering fire that is Twitter1 and another billionaire-no-longer’s crypto exchange goes up in smoke, attention is spread thinner than Lauren Boebert’s apparent margin of victory. (The race is headed to a recount.)
November 17, 2022
At a critical juncture such as this where the industry seeks kid-glove treatment from regulators, backgrounds such as Harris’s should be disqualifying.
November 16, 2022 | Revolving Door Project Newsletter
Hack Watch: Summers's Cyber Speculation
How The Former Treasury Secretary Boosted Crypto Bros
November 14, 2022 | The Nation
The rapid meltdown of FTX stands as one of the most gruesome chapters in the annals of investment fiascos: think of the false technological promises of Elizabeth Holmes’s Theranos grift combined with the evaporation of Bernie Madoff’s prestigious Ponzi fund. But the saga of FTX involves much more than either the vanity and hubris of Holmes’s fraud offensive or the deceptive practices of the Madoff scam. The rapid rise and fall of Bankman-Fried points up the delusional character of information-age capitalism; Far from standing as an outlying trend within the crypto investment world, Bankman-Fried’s scam was nestled at the very heart of its prevailing business model.
November 09, 2022
The Project’s memo argues that Democrats did not clearly articulate what they stand for by making unpopular enemies and provoking fights with specific, unpopular villains.
November 04, 2022
White collar crooks are behind the campaign to kill the CFPB, but don’t expect the mainstream media to tell you that.
November 03, 2022 | Revolving Door Project Newsletter
Biden Can Make Change by Fixing Federal Contracting
If the Trumpiest predictions for the midterms come true next week, and Republicans sweep Congress, opportunities for implementing progressive policy priorities – and Biden’s campaign promises – will disproportionately fall to the strategic maneuvering of the executive branch. From climate action to stopping runaway corporate profiteering to defending the working class from exploitation, the executive branch holds immense power with which it can tangibly better the lives of everyday Americans even amidst a sure-to-be-hostile potential Republican-controlled Congress.
November 01, 2022
Last month, Jamie Rhome, the current Acting Director of the National Hurricane Center (NHC), effectively rejected settled climate science while discussing the then-potential severity and impact of Hurricane Ian. In that interview, Rhome said he would “caution against” linking the intensity of Hurricane Ian to climate change. To be clear, there is no question or ambiguity on this link. The worsening severity of extreme weather events as a result of climate change is something that has been firmly established, for years, by other federal agencies – like NASA – and also by international research bodies – like the National Academies – which makes Rhome’s refusal to do so all the more baffling.
October 31, 2022 | The American Prospect
An alternate vision for how Democrats could bring the fight to the midterms by taking action in Congress and the White House
October 31, 2022
The news was flooded in September with images, reports, and increasingly abhorrent context for Florida Governor Ron DeSantis’ trafficking of migrants from Texas to Martha’s Vineyard as a political stunt. DeSantis’ actions, and those of his aides, are of course potentially illegal, as was asserted by a Texas sheriff who opened a criminal investigation into the spectacle. This latest sadistic political posturing came at the cost of real people fleeing real persecution, but there is also a crucial piece of this awful puzzle that hasn’t been fully explored. Why did Department of Homeland Security (DHS) agents, funded by federal dollars, allegedly forge documents for migrants knowing (even if the migrants themselves didn’t) that their flights were not destined for the locales DHS agents made their immigration proceedings beholden to?
October 28, 2022
It seems pretty incontestable that a big part of the media’s job is “informing the public of things they need to know.” Accordingly, the media’s coverage of how the government spends money is a spectacular example of how it fails. Congress has enabled a vacuum of sensible, accessible information about the appropriations bills it’s supposed to pass each year to fund government activity, and the media has not stepped in to fill the void.