Word came this week that former Obama White House Counsel Greg Craig is advising Goldman Sachs as it fends off civil fraud charges from the Securities and Exchange Commission. POLITICO reports that Craig is the latest prominent Democrat to engage in lucrative business and lobbying opportunities seemingly at odds with their defender-of-the-little-guy rhetoric while in public office. Former House Democratic leader Dick Gephardt lobbies for Goldman Sachs, Visa and the coal industry. Former Senate Democratic leader Tom Daschle — President Obama’s first choice to head Health and Human Services — is an adviser for a lobbying firm that represents Charles Schwab, Comcast, Lockheed Martin, Verizon and a host of other corporate interests. Other examples abound.
Do Democrats have a hypocrisy problem, considering their ongoing legislative efforts to reign in Wall Street and often-bombastic rhetoric toward business? Feel free to comment on any aspect of this story. - Politico
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