Washington Babylon — November 25, 2008, 11:54 am

Democrats On K Street: How supply and demand works in Washington

I noted here recently that Democrats were in hot demand at Washington lobbying firms, including a former “intern” of Joe Biden’s who signed up to represent a big financial firm. The New York Times has a story today on the same topic:

After eight years of the so-called K Street Project — the effort by Republican lawmakers and operatives to pressure companies, trade associations and lobbying firms to hire their fellow Republicans — the tasseled loafer is on the other foot. Companies and interest groups are competing to snap up Democrats. And scarcity has added to their value because so many well-connected Democrats are angling for jobs in the Obama administration, which has promised ethics rules that may block lobbyists from certain jobs. Meanwhile, recently passed Congressional ethics rules restrict the ability of departing Congressional staff members to lobby as well…

The starting salaries for former officials tell the story. An assistant department secretary leaving the Bush administration three years ago, with Republicans in control of the House, Senate and White House, might fetch as much $600,000 to $1 million a year in the influence business, recruiters and lobbyists said. But the same person might now expect less than half as much.

But for Democrats, the bidding is fierce. Three years ago, a Democratic staff director for an important House or Senate committee might have earned about $130,000 a year on Capitol Hill, and jumped to K Street for an annual salary of about $250,000. Now, the same person might command as much as $500,000 to $800,000 a year, several recruiters said. “There is a supply-and-demand issue with finding enough Democrats who have had senior-level positions,” said Nels Olson, of the recruiting firm Korn/Ferry International. “It is certainly a difficult time for Republicans.”

Share
Single Page

More from Ken Silverstein:

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Postcard October 16, 2013, 8:00 am

The Most Cajun Place on Earth

A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits 

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

August 2014

The End of Retirement

= Subscribers only.
Sign in here.
Subscribe here.

The Octopus and Its Grandchildren

= Subscribers only.
Sign in here.
Subscribe here.

Francis and the Nuns

= Subscribers only.
Sign in here.
Subscribe here.

Return of the Strongman

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Post
“Evidence of a chill was plain. People in Hailey spoke to me about Bergdahl in low voices, as if about a death.”
Fox & Friends, July 6, 2014
Article
The Seductive Catastrophe·

= Subscribers only.
Sign in here.
Subscribe here.

“The world’s leaders were moved by a populace fused into a forward phalanx, were shaken by a tidal wave of militancy jubilantly united.”
Photograph courtesy Mary Evans Picture Library
Post
The Glitch in the Video-Game Graveyard·

= Subscribers only.
Sign in here.
Subscribe here.

“From the nerd squabbles of Internet discussion threads rose an urban legend that culminated in a film that hinges on digging through my town’s trash.”
Illustration (detail) by Timothy Taranto
Article
What the Camera Saw·

= Subscribers only.
Sign in here.
Subscribe here.

“They shot him behind the left ear, and he fell.”
Article
Bounty·

= Subscribers only.
Sign in here.
Subscribe here.

“If I’d been one of the unprepared, I’d be desperate, too.”
Illustration (detail) by Simon Pemberton

Rolls of toilet paper Chicago’s city government has produced this year from recycled City Hall wastepaper:

19,000

Two thirds of U.S. teenagers experience uncontrollable rage.

Russia lost, then regained, contact with a satellite carrying five geckos sent to copulate in zero gravity.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today