Showing posts with label K Street. Show all posts
Showing posts with label K Street. Show all posts

Monday, June 01, 2015

How "Public Servant" Hastert Got His Riches


In addition to the surprise over the indictment of former House Speaker that raised the issue of Hastert's past sexual abuse of a male student, many have been surprised at how a former school teacher and coach was in a position to be paying millions in hush money.  The answer, of course, is Washington's revolving door which allows former elected officials to reap millions after retirement to work for lobbying firms and other organizations.  Hastert in more ways than one represents what's wrong with Washington today. A piece in The Daily Beast looks at how Hastert became wealthy as have far too many politicians.  Here are excerpts:
It’s clear that the indictment of Dennis Hastert has raised more questions than it’s provided answers. But I suspect a lot of people are asking the wrong ones. Hastert’s “misconduct” may turn out to be of sexually predatory nature, in which case talk of how much his reputation is worth is picayune compared the nature of crime. But there are questions about what he did that are applicable to the entire industry he represents.

The most obvious question, that’s also the least relevant for most Americans: What is the “misconduct” that Hastert is alleged to have been trying to cover up?

If the conduct was sexual abuse, as sources are saying, then the statute of limitations has run out. It follows that Hastert wasn’t paying hush money to stay out of jail, he was protecting his reputation.

A better question, and one that many Washington watchdogs leapt on quickly: How did Hastert happen to have enough money lying around that paying out $3.5 million was even within the realm of possibility?

Hastert’s ability to participate in the blackmail is, after all, itself a general indictment of D.C.’s “revolving door” money culture, in which former lawmakers move easily from government into lobbying. In Hastert’s case, the ability to profit off of one’s legislative position is especially galling: While in office, Hastert used the earmarking process to turn his investment in some Illinois farmland into a profit of 140 percent when a federal highway project just happened to make its way through those very fields. Indeed, it was this instance of a completely legal form of insider trading that helped prompt Congress to end earmarks.

And, of course, Hastert made even more money once he was out of office. One study found that, on average—and when the information is publicly available—former lawmakers get a 1,425 percent raise when they make the jump from Capitol Hill to K Street. Hastert, who was worth between $4 million and $17 million when he left Congress, was making $175,000 as a representative. His K Street bump would be to almost $2.5 million a year.

And, it’s important to remember, what Hastert was covering up with that hush money was not a “reputation” as an average citizen might conceive of it: something akin to honor or trustworthiness or fidelity. A lobbyist’s reputation, after all, actually hinges on his or her established lack of principles. A lobbying client for someone who is a former member of Congress is paying a premium for that person’s willingness to engage in barely-legal favor-trading. A lobbyist’s prices go up the more corrupt he is. Who wants to hire an honest one?

Wednesday, July 30, 2014

Lobbyists Quietly Advise GOP to Shif on Gay Marriage


Just as Republican politicians continue to take positions that are contrary to majority public opinion on issues such as immigration reform, infrastructure spending in their quest to utterly prostitute themselves to the angry whites who make up the Christofascist/Tea Party base of the GOP, so too are they defying the changing majority view on gay marriage.   The ultimate outcome as Hispanics, gays, non-religious extremists and their supporters flee the GOP is that the party is likely destined for permanent minority status at the national level and, at best will become a regional party concentrated in the backward regions of the South. The Hill looks at the efforts of lobbyist to counsel the GOP to dump its opposition to gay marriage and, more or less, kick the Christofasists to the curb.  Here are excerpts:
Republicans on K Street are helping members of their party shift their stance on gay rights issues.

Kathryn Lehman, a top GOP lobbyist and partner at Holland & Knight, carries a list of 40 to 50 Republican offices in the House and Senate she visits on behalf of Freedom to Marry, a group that backs same-sex marriage.

“The issue is losing its toxicity, from a Republican perspective,” she said, mentioning that the list was a fraction of that size when she first took on Freedom to Marry as a client in 2011.

Lehman, who helped to write the Defense of Marriage Act while working on Capitol Hill, is among a small group of lobbyists and organizations that are leveraging their conservative credentials to try to sway Republican lawmakers on gay marriage, transgender rights and the creation of a federal nondiscrimination policy.
Organizations like Log Cabin Republicans and Project Right Side are also pushing Republicans by providing data about changes in public opinion and, like lobbyists, offering lawmakers and their offices a “safe space” to talk about the challenges facing LGBT individuals.

In addition, Project Right Side, founded by former Republican National Committee Chairman Ken Mehlman, makes the case for how gay rights align with conservative principles.

“We’re also trying to protect a party that we care a lot about. There has been societal change. Any political party that ignores societal change does so at its own peril,” said Mehlman, now the global head of public affairs at investment banking firm KKR, told The Hill.

“As conservatives, we don’t have to ignore it. There is a strong conservative argument for safe schools, for civil marriage, merit-based decisions at work.”
Despite the opposition of religious conservatives, advocates are convinced the tide is turning in their favor.

“I have had meetings with some of the most rock-ribbed social conservatives in Washington,” said Gregory Angelo, the executive director of the Log Cabin Republicans. “A lot of them see the writing on the wall, they see the direction the country is headed.”

A Pew Research Center poll released earlier this year showed that more than 60 percent of Republicans under the age of 30 support gay marriage; 43 percent of those aged 30–49 were in favor.
“I believe that this is the civil rights movement of our generation,” said Thorsen, whose sister recently married her longtime partner, “and I’m proud that I’m on the right side of this, and I’m proud that I can tell my grandchildren that I was there when it mattered.”