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From Emily Yoffe in the Washington Post.
Like many Americans whose steady, reliable job has suddenly disappeared, Thomas Daschle cobbled together a bunch of gigs when he was laid off in 2004 by the people of South Dakota after more than two decades of representing them in Congress.
There was the day job at the law firm Alston & Bird that must have been blessedly free of the kind of dull legal minutiae that make up many a billable hour, since Daschle is not a lawyer. That paid $2.1 million over the past two years. The consulting position at InterMedia Advisors, a private equity firm, paid him $1 million a year. A senior partner there told The Post that Daschle did “a lot of helpful work,” which he declined to enumerate. A stream of speeches to businesses that had business with the government earned Daschle $500,000 during the past two years. There were directorships on several boards — BP Corp. alone paid him $250,000…
“He’s the gold standard for integrity in government,” said a former aide to Daschle, Andrea LaRue, herself now a lobbyist. In recent months, as the economy has melted down, we have all learned about the art of monetization — of turning things such as bad home equity loans into arcane derivatives and how there’s lots of money to be made out of monetization (until sometimes the money disappears). Even if we don’t know what Daschle did to earn all his money, we do know that when you monetize the job of Senate majority leader, as Daschle’s financial disclosure forms reveal, you come up with almost $5.3 million in two years. Gold standard, indeed.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
In Havana, the past year has been marked by a parade of bold-faced names from the north — John Kerry reopening the United States Embassy; Andrew Cuomo bringing a delegation of American business leaders; celebrities ranging from Joe Torre, traveling on behalf of Major League Baseball to oversee an exhibition game between the Tampa Bay Rays and the Cuban national team, to Jimmy Buffett, said to be considering opening one of his Margaritaville restaurants there. All this culminated with a three-day trip in March by Barack Obama, the first American president to visit Cuba since Calvin Coolidge in 1928. But to those who know the city well, perhaps nothing said as much about the transformation of political relations between the United States and Cuba that began in December 2014 as a concert in the Tribuna Antiimperialista.
Ratio of the amount J. P. Morgan paid a man to fight in his place in the Civil War to what he spent on cigars in 1863:
The Food and Drug Administration asked restaurants to help Americans eat less.
Pope Francis announced that nuns could use social media, and a priest flew a hot-air balloon around the world.
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”