2020 Election/Transition

Over the past decade, private equity has creeped and crawled into all corners of our lives. Everywhere you look across our ruinous, virus-riddled landscape, private equity is there. It is behind many of the understaffed and underprepared nursing homes through which COVID-19 tore, the surprise medical bills that will greet those lucky enough to make it home, and the evictions sending people out onto the streets amidst a global pandemic. It is also getting ready to pounce on many of the high-profile companies to have fallen since the pandemic’s onset.

Several of Biden’s informal advisers and confidants on energy policy are veterans of the Obama administration’s “all of the above” strategy, which embraced fossil fuel development and technologies like fracking while publicly trumpeting clean energy commitments.

Overall, it was a rout in favor of the anti-monopoly movement. So policy-wise, what does it all mean going forward? Almost nothing, unless Joe Biden appoints strong personnel.

We, the undersigned organizations, call on the winner of the next presidential election to commit not to appoint any individual to a senior policy role in an agency or department with authority over any industry in which that individual held a senior position or served in an advisory capacity within the last five years. We also urge that, if applicable, such individuals be excluded from positions with jurisdiction over personnel matters during the transition.

On their own, none of these 277 policies will fully solve any of the interlinked crises we now face. But they can go a significant way toward immediate harm reduction. Some can even solve long-standing problems, simply by enforcing or fully implementing laws already on the books.

At the beginning of the coronavirus outbreak, Americans quickly learned just how unprepared the country was for a pandemic. One of the most alarming revelations was that the U.S. had nowhere near the number of ventilators and other life-saving medical equipment it needed to fight the virus. That’s largely because of a surprising culprit: the Federal Trade Commission (FTC).

Former Vice President and current Democratic presidential nominee Joe Biden has often boasted of his considerable foreign policy experience, having served on the Senate Foreign Relations Committee and played an active role in the Obama administration’s foreign policy making. Throughout the 2020 primary, however, Biden’s foreign policy agenda rarely featured. A closer look reveals significant cause for concern. While Biden seeks to show that his foreign policy platform would be more progressive than that of Trump’s, his record has weak spots when it comes to far-right Indian nationalism.

If Niejelow is indeed taking a major position overseeing campaign policy, it raises significant questions about the line between Biden’s fundraising and policy teams, since Niejelow is a campaign bundler.

Now, especially as Biden pivots to consolidating populist votes for the general election, Harris should consider distancing herself from those corporate forces through clear commitments to wielding executive authority against bad actors and for the common good. Here are a few suggestions.

With real estate tycoon Donald Trump in the White House, the average American is likely more aware than ever of the many ways the federal government helps to subsidize real estate profits. As the average person increasingly struggles to pay rising housing costs with stagnating wages, real estate giants make out like bandits with the help of tax loopholes and direct subsidies. Already a matter of pressing national concern, this stark disparity is only likely to become more salient in the coming months as the pandemic sheds light on the risks of our housing system’s precarity and undermines many people’s fragile grip on housing stability.

On December 18, 2019, the United States House of Representatives impeached President Donald Trump for withholding military aid from Ukraine as a means to pressure Vladimir Zelensky to investigate Democratic presidential candidate, Joe Biden. One of the key figures in this scandal was Gordon Sondland, then ambassador to the European Union. Sondland had limited diplomatic experience before his appointment, but he had the privilege of donating $1 million to President Trump’s inaugural committee.

As we creep closer to November’s election, Democratic politicians–progressives and moderates alike–have largely fallen in line behind presumptive Democratic nominee Joe Biden. Even so, Biden must earn the vote of many progressive voters who are wary of his pro-corporate leanings. While Biden showed promise by teaming up with Sanders’ campaign on policy, there is still cause for grave concern. Just last week, the public learned that Larry Summers was advising the Biden campaign. Last month Biden’s donors put out a list of ideal candidates for senior-level administration positions, which included Wall Street big wigs such as BlackRock CEO Laurence Fink, Blackstone executive Tony James, and investment banker Mark Gallogly. Biden’s wealthy donors must be monitored in order to prevent corporate interests from capturing his transition-planning effort.

The Revolving Door Project’s “Presidential Power Map” provides an easy-to-understand snapshot of 2020 Democratic presidential primary candidates’ support by sector. By breaking down high-dollar support in this way, this tool encourages users to draw direct lines between big money fundraising and a president’s choices regarding personnel and executive power. Using the “Presidential Power Map,” members of the Revolving Door Project’s team have begun to tease out these connections and to consider what they might mean for the composition and priorities of a future administration.