Think Progress

Rep. Baker may resign to join hedge fund lobby.

Rep. Richard H. Baker (R-La.) informed the House Ethics Committee on Friday that he “is in serious talks to become president of the main lobby for hedge funds, the Managed Funds Association.” If Baker takes “the nearly million-dollar-a-year job,” which he is “likely to formally be offered,” he “would have to resign from Congress to take the position.” Baker’s notification to the Ethics Committee that he is in “serious negotiations” for a job outside of Congress makes him “the first lawmaker to file a report about job talks as required under the lobbying law that Congress passed last year.”



16 Responses to “Rep. Baker may resign to join hedge fund lobby.”

  1. williamf says:

    That’s what it’s all about isn’t it. It won’t be long and this capitalismo will be picking meat off the bones of our very own American Eagle. Mark my words, this democracy killer will be knee deep in the Scottish rough before the year is out. Congratulations on failing to carry out your duty to the people who elected you shithead.


  2. lefttown says:

    So Representative Richard Baker, who voted with Bush 90% of the time, now jumps ship like the rat he is and dives smoothly into a nice, fat $1/2 mil a year job. No one in Congress should be able to work as a lobbyist. They can get out and work among the people they screwed over.


  3. Merlin says:

    Good Riddens to bad rubbish! Incumbent seats are harder to win. Another Rethug seat that is “open.” Another opportunity to expand the Democratic hold in Congress.


  4. Merlin says:

    #2 Comment by lefttown — January 6, 2008 @ 9:05 pm

    No one in Congress should be able to work as a lobbyist. They can get out and work among the people they screwed over.

    Well said! However, getting the Congress to pass legislation which stops them from doing it is a real trick. Where is their incentive?


  5. Zooey says:

    OMG, Rep Dick Baker? :-D


  6. RUCerious says:

    Where is their incentive?

    Comment by Merlin — January 6, 2008 @ 9:37 pm

    Hopefully, a John Edwards presidency.


  7. RUCerious says:

    No think fast today, so here’s the latest NH polling #s

    Democratic Polls
    American Research Group
    1/5/2008
    N=600
    w/o Gore

    Barack Obama 38%
    Hillary Clinton 26%
    John Edwards 20%
    Bill Richardson 3%
    Mike Gravel 3%
    Dennis Kucinich 1%
    Unsure 8%
    Source

    CNN/WMUR/University of New Hampshire Granite State tracking poll
    1/5/2008
    N=356
    w/o Gore

    Barack Obama 33%
    Hillary Clinton 33%
    John Edwards 20%
    Bill Richardson 4%
    Dennis Kucinich 2%
    Unsure 7%
    Other 1%
    Source


  8. MapleStreet says:

    Dumb Question: Why are all these people enjoying power as Congress Critters all of a sudden changing careers ?

    Could it be that they fear a non-Repub majority congress and WH ?


  9. RUCerious says:

    Maple, it’s easy to be in the majority, but a completely different experience to be in the minority. Most of these asswipes don’t have the nerve or moxy to serve as the loyal opposition.


  10. Merlin says:

    #6 Comment by RUCerious — January 6, 2008 @ 10:58 pm

    Hopefully, a John Edwards presidency.

    Hopefully your polls are wrong about Edwards in NH. A bad 3rd could cook his goose.


  11. Merlin says:

    Comment by RUCerious — January 6, 2008 @ 11:06 pm

    Maple, it’s easy to be in the majority, but a completely different experience to be in the minority.

    Especially a veto proof Democratic majority far to the left of these idiots. Also the future looks bleak for them to ever have the chance to regain the majority which is the power they have been basking in since 94. So there they are kicked to the curb, out of the spotlight and being useless. Better to use the accumulated contacts in corporate America while they still have the closeness with Congress. And just think of all the money there is to be made making speeches on Faux Snooze and to right wing think events.


  12. RUCerious says:

    Merlin, those polls may change as the candidates move in for close contact, but I think Edwards is going to remain behind Obama for good.
    The only thing that can get his candidacy going again is his appeal to the middle and lower classes, which he just doesn’t seem to be able to get across. Perhaps more specifics would help him out…


  13. Sabyen91 says:

    So, he would rather make millions than represent Americans (never mind, he wasn’t doing that either).


  14. Starve-A-Bush_Feed-A-Beaver says:

    It’s becoming clear that many of our representatives in Washington don’t seek a political career out of a sense of mission or as a calling to help the people. They do it to eventually parlay their name and influence into a lucrative career as a professional parasite.


  15. djames says:

    Redstate:

    I have always viewed National Review as the established voice of conseravatism. If you are an opinion leader on the right, you read National Review. At the same time, I’ve viewed Human Events as the voice of the base within the movement — the middle class and blue collar conservative men and women who show up to vote in fly over country. Perhaps that is why it was Ronald Reagan’s favorite newspaper. I should say here in the interests of full disclosure that they, as of last year, became our sister organization. Human Events also falls under the Eagle umbrella.

    Today, Human Events releases its endorsement. You can find it here. They look at each candidate and endorse Fred Thompson. They write:

    We make this endorsement on the basis of much research, having interviewed Sen. Thompson and some of his opponents, as well as examining what they have all said and done. We conclude that Thompson is a solid conservative whose judgment is grounded in our principles.

    In his Senate years, Mr. Thompson compiled an American Conservative Union lifetime rating of 86.1, which is higher than both Sen. John McCain (82.3) and Rep. Ron Paul (82.3). The Club for Growth has praised Thompson as someone who has a strong commitment to limited government, free enterprise and federalist principles.

    Their pronouncement to “much research” is very much mistaken as most of their stuff is.


  16. djames says:

    Redstate:

    I have always viewed National Review as the established voice of conseravatism. If you are an opinion leader on the right, you read National Review. At the same time, I’ve viewed Human Events as the voice of the base within the movement — the middle class and blue collar conservative men and women who show up to vote in fly over country. Perhaps that is why it was Ronald Reagan’s favorite newspaper. I should say here in the interests of full disclosure that they, as of last year, became our sister organization. Human Events also falls under the Eagle umbrella.

    Today, Human Events releases its endorsement. You can find it here. They look at each candidate and endorse Fred Thompson. They write:

    We make this endorsement on the basis of much research, having interviewed Sen. Thompson and some of his opponents, as well as examining what they have all said and done. We conclude that Thompson is a solid conservative whose judgment is grounded in our principles.

    In his Senate years, Mr. Thompson compiled an American Conservative Union lifetime rating of 86.1, which is higher than both Sen. John McCain (82.3) and Rep. Ron Paul (82.3). The Club for Growth has praised Thompson as someone who has a strong commitment to limited government, free enterprise and federalist principles.

    Their pronouncement to “much research” is very much mistaken as most of their stuff is.



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