Democrat One Percenters Cash in on Obama
Here’s something to remember the next time you hear anyone on the left mention income inequality.
Members of Obama’s inner circle are enriching themselves based purely on their association with him.
Peter Schroeder of The Hill reports…
The rise of ‘Obama Inc.’
Call it “Obama Inc.”
The presidency of Barack Obama has catapulted a network of former advisers into lucrative positions.
Members of the president’s brain trust have steadily moved outside the administration in recent years, capitalizing on their association with the Obama brand to launch careers as advisers, consultants and hired guns.
“You see people not only serving as representatives of a lobbying firm but taking these very high-profile corporate jobs. I think that is becoming more common,” said Julian Zelizer, a political historian at Princeton University. “Businesses understand that this is a great opportunity for them.”
David Plouffe, the mastermind behind the president’s two campaigns, became the latest Obama insider to make a move this week by taking a job with Uber, the up-and-coming ride-sharing app that is battling local governments and taxicab companies over its business model.
Plouffe’s task at the ride-sharing company — now estimated to be worth around $17 billion — is familiar: finding a way to woo the public and win on the political battlefield.
“We needed someone who understood politics but who also had the strategic horsepower to reinvent how a campaign should be run,” said Uber CEO Travis Kalanick.
Ahh yes, David Plouffe. Here’s how Plouffe felt about wealth and politics in 2012…
Plouffe: Very wealthy ‘lining up trying to purchase White House’ for Romney
Top White House adviser David Plouffe responded Tuesday morning to Mitt Romney’s robust June fundraising haul, saying that a small collection of very wealthy donors are lining up “trying to purchase the White House” for the former Massachusetts governor.
It turns out the “very wealthy” couldn’t buy the White House for Romney because it was already being bought and paid for by everyone who worked for Obama.