The Revolving Door Project has a proven track record of scrutinizing and applying real pressure to both Democrats and Republicans who seek to use the executive branch for personal gain rather than to promote the public interest.
The project successfully:
- Revealed to media and Congress the deployment of corrupt beachhead teams across the executive branch, Keith Noreika’s illicit stint as Acting Comptroller of the Currency, Mick Mulvaney’s dubious ascension to the CFPB, and Jeff Sessions’ shady appointment of unvetted interim US Attorneys.
- Pressured Steven Mnuchin, Mick Mulvaney, and the rest of Trump’s ethically compromised team.
- Exposed Obama’s disappointing pro-Wall Street pick for SEC Chair, Mary Jo White.
- Prevented Wall Street insiders from positioning themselves for potential positions in a Hillary Clinton Administration by building meaningful grassroots consensus among Democrats against revolving door hires.
- Led the way in scrutinizing Wall Street pirate Carl Icahn’s corrupt exploitation of his close ties to Trump, which led to Icahn’s resignation in 2017 from his post as special advisor to Trump on “regulation.”
Why the Revolving Door Project is Important
Many of the deep rules that govern our rigged economy are written within the executive branch and outside the purview of most of civil society. From the semi-independent bureaus of the Treasury Department (the Office of the Comptroller of the Currency and the IRS) to the Federal Reserve, OMB, CFTC, FTC, CFPB, SEC, and beyond, executive branch personnel play a significant role in determining the fundamental rules that govern our economy.
The Revolving Door Project educates civil society in order to counteract the advantage that Wall Street and corporate America have in this rule writing process. We do this by alerting and educating the media and activists when hard working people are being taken advantage of and by whom.
If we want the executive branch to write rules that structure the economy away from rent extraction and in the direction of greater economic equality, we need to ensure the right people hold key executive branch positions like the Treasury Secretary and SEC Commissioner. The executive branch needs to empower dedicated civil servants rather than self-interested people rotating between relatively short stints in government and longer stints in the very industries they’re supposed to regulate.
The Revolving Door Project also monitors whether Congress is doing an effective job overseeing the executive branch and is properly policing the powerful bad actors intent on exacerbating economic inequality.