And throughout our government.
Ken Silverstein is someone I'd call a quiet investigative reporter, and an equal opportunity muckraker. In his latest investigation of Congressional (and other) corruption, he begins with one of the Democratic party's best and most highly respected senators: Tom Daschle.
Daschle is no longer in the Senate. He has moved on to the reward system that provides a soft landing for insiders of all parties, genders, races, and flavors of elected representatives of the people. They wind up in the big time corporate world of the nation's capitol. Everything Tom Daschle has done since leaving the Senate has, Silverstein points out, has contributed to the dire straits in which America's formerly stable middle class finds itself. Nice Tom Daschle? Yes.
In October of 2014, former Democratic Senator Majority Leader Tom Daschle and his wife sold their seven-bedroom, seven-bathroom house on Foxhall Road for $3.25 million.
It was not an unusually large haul for a member of Washington’s political elite, but it was a big step up from his financial circumstances in 2003. Daschle’s financial disclosure form—filed a year before he lost a race to John Thune, marking the first time in more than half a century that a Senate party leader failed to win reelection—showed his net worth to be between $400,000 and $1.2 million. It was a pitiful amount by congressional standards and led CNN to disparage him as a senator of “modest means.”
After leaving office, however, Daschle immediately began making millions by advising corporations. During the two years prior to his failed nomination to head Health and Human Services he netted $5.2 million, mostly from healthcare, energy, private equity and telecommunications companies. That included big compensation for speaking appearances (he is, according to his speakers’ bureau profile, “a tireless fighter for the common man”) and for authoring such works as, Getting It Done: How Obama and Congress Finally Broke the Stalemate to Make Way for Health Care Reform, which was subsequently found to induce narcolepsy in laboratory rats.
There’s a common perception that government doesn’t work and that “partisan gridlock” has made things worse than ever. But when it comes to fundamental economic questions, there is no partisan divide in Washington and the system is “broken” only if you’re part of the growing slice of the population that’s poor or middle class, for whom average income has been stagnant for decades. ...Silverstein,TheIntercept[emphasis added]
Or take Louisiana Republican, Richard Baker. Silverstein follows Baker up the lucrative corporate ladder in much the same way that he followed Daschle.
While Baker cleaned up, his financial sponsors were systematically ripping off his former constituents. For example, in 2012 Wells Fargo—a major campaign contributor to Baker and member of the MFA—settled a federal housing discrimination complaint over charges that it had allowed properties it foreclosed upon in minority neighborhoods of New Orleans to fall into neglect and disrepair, while carefully maintaining its stocks of foreclosed homes in white neighborhoods (Wells Fargo, as part of the settlement, agreed to pay $234.3 million in relief and compensation). ..Silverstein,TheIntercept
"Such Louisiana woes don’t appear to have affected Baker," Silverstein assures us. "He currently owns three properties in his home state, among them a waterfront lot."
And so it goes. Worth remembering and repeating: it was Silverstein who dug into the newly-arrived Senator Obama's relationship with Wall Street in an impressive article way back then*. An excerpt from mid-January of 2008:
Since coming to Washington, Obama has advocated for the poor, most notably in the aftermath of Hurricane Katrina, and has emerged as a champion of clean government. He has fought for restrictions on lobbying, even as most of his fellow Democrats postured on the issue while quietly seeking to gut real reform initiatives. In mid-September, Congress approved a bill he co-authored with Oklahoma’s arch-conservative senator, Tom Coburn, requiring all federal contracts and earmarks to be published in an Internet database, a step that will better allow citizens to track the way the government spends their money.
Yet it is also startling to see how quickly Obama’s senatorship has been woven into the web of institutionalized influence-trading that afflicts official Washington. He quickly established a political machine funded and run by a standard Beltway group of lobbyists, P.R. consultants, and hangers-on.
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*It's a pity that Harper's has chosen to wall the article off from all but subscribers. I dumped my subscription when they did it.