Jack Lew, the new U.S. Treasury Secretary, follows in the footsteps of other Wall Street insiders to hold that position. His Cayman accounts and “golden parachutes” also may make it hard for him to put himself in the shoes of average Americans, as Michael Winship notes.
Federal conflict-of-interest laws restrict what former government officials can do if they leave to take jobs as lobbyists, but there remains much flexibility both in Washington and state capitals for the revolving door to keep spinning, say Bill Moyers and Michael Winship.
Many Americans are still shocked that Wall Street bankers who ruined the economy escaped any serious punishment from government regulators. But one problem is that many of those regulators, including the new choice to head the SEC, have been rotating through the golden revolving door, say Bill Moyers and Michael Winship.
In his State of the Union, President Obama vowed to continue the withdrawal of U.S. combat troops from Afghanistan, much as he did in Iraq. But his reliance on lethal drone attacks to kill suspected terrorists has raised many other concerns, as Bill Moyers and Michael Winship note.
President Obama gave a ringing defense of progressive government and the good it can do for the nation and the people. But a little-noticed addition to the fiscal-cliff bill was a reminder of how politics can work to the advantage of corporate special interests, say Bill Moyers and Michael Winship.
Goldman Sachs’ Lloyd Blankfein and other tycoons behind “Fix the Debt” want average folks to expect less from Social Security and other safety-net programs but are doing all they can to protect their special interest tax breaks and dodge the slightly higher tax rates for the rich, note Bill Moyers and Michael Winship.
The American Right has fabricated a false narrative about the Second Amendment to justify the ongoing slaughter of children and thousands of other civilians across the United States. But the NRA’s pro-gun arguments sometimes even go beyond satire, as Bill Moyers and Michael Winship explain.
The Tea Party sold itself to millions of Americans as a movement driven by principle and a rejection of the petty corruption that is part of Washington’s business as usual. But a key Tea Party organization has descended into exactly that sort of self-serving bickering, says Michael Winship.
Outgoing members of Congress – even as they consider legislation in the lame-duck session – are preparing their exits through the revolving door to lucrative lobbying jobs, often with industries they assisted while doing the “people’s business,” as Bill Moyers and Michael Winship explain.
After each mass slaughter – usually inflicted by some high-powered assault rifle in the hands of a mentally unstable individual – Americans search for some explanation, some way to make sense of the madness. That was especially true of the latest massacre of children in Connecticut, writes Michael Winship.