Washington Babylon — May 29, 2009, 10:21 am

The Math Hasn’t Changed: $500,000 buys ambassadorship

From Bloomberg:

Louis Susman has one thing in common with many of his predecessors nominated to be the U.S. ambassador to the United Kingdom: money. Susman, 71, a retired Citigroup Inc. senior investment banker, raised between $200,000 and $500,000 for President Barack Obama’s presidential campaign and another $300,000 for his inauguration. On Wednesday, Obama nominated Susman to the post formally known as the Court of St. James.

Like Andrew Mellon, Joseph Kennedy, and Walter Annenberg before him, Susman’s credentials stem more from involvement in financing party politics than foreign policy experience. Even with his pledges to change government, Obama is following the tradition of his predecessors by offering some ambassadorships to top campaign backers, including four of the 12 nominations this week.

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