Delahunt's Revolving Door

http://www.futureofcapitalism.com/2011/04/delahunt-revolving-door

The Washington Examiner's Timothy Carney reports that Bill Delahunt, who left Congress in the beginning of January after serving 14 years as a Democrat representing Massachusetts, will join a firm that announced Mr. Delahunt will "advise clients in highly regulated business environment[s]" and will provide "strategic counsel to firm clients on complex regulatory issues such as healthcare, financial services and energy and environmental matters."

Writes Mr. Carney, who really gets the dynamic at play here:

Of course, Delahunt was one of the people who made "healthcare, financial services, and energy and environmental matters" into "highly regulated business environments" by voting for and championing ObamaCare, Dodd-Frank, and dozens of other regulatory bills over his years in Congress. Delahunt made government bigger, and big government set the stage for his new lucrative job.

Private-sector job-creation, Washington-style.

by Editor  |  Apr 7, 2011 at 9:34 am Related Topics:  Capital Markets Regulation, Energy, Politics, Regulation receive the latest by email: subscribe to the free futureofcapitalism.com mailing list