Republican “critic” of Wall Street takes job as CEO of Wall Street’s biggest lobbying firm
Why do you think this man is laughing?
Tim Pawlenty, the former Republican governor of Minnesota who criticized Wall Street while running for president last year, is joining the Financial Services Roundtable as president and chief executive officer.
Pawlenty…will take over from the retiring Steve Bartlett as CEO of the Washington-based group that represents 100 of the biggest financial-services companies, including JPMorgan Chase & Co., Bank of America. Corp. and Citigroup Inc. The new job means quitting his post as national co-chairman of Mitt Romney’s presidential campaign…
In a Bloomberg Television interview last year before he ended his presidential run and joined Romney’s campaign, Pawlenty said his “truth message to Wall Street is going to be, ‘Get your snout out of the trough’.” He was viewed as a potential Romney running mate before the former Massachusetts governor selected Representative Paul Ryan of Wisconsin.
Pawlenty, who campaigned as a “Sam’s Club Republican” concerned with issues affecting the middle class, will represent the interests of the large financial firms across a broad range of business, from insurance giants such as State Farm Insurance Cos. and money managers including BlackRock Inc. to payment networks like Visa…
In a statement, Romney said…“While I regret he cannot continue as co-chair of my campaign, his new position advancing the integrity of our financial system is vital to the future of our country”…
He may also receive a substantial raise. Bartlett was paid $1.8 million in 2010, according to the group’s IRS filings for that year. Pawlenty’s most recent salary as governor was $121,000, according to a 2011 financial filing for his presidential bid. Scott Talbott, a senior vice president of public policy at the Financial Services Roundtable, declined to share Pawlenty’s salary information.
Musical jobs among the politicians of America, two pantywaist parties and the corporate plutocrats who own our lawmakers, legal system and judges – continues without missing a beat.
I hear America singing. And it ain’t Bob Dylan.