Rep. Baker resigns to take lobbying job on K street.

Earlier this month, ThinkProgress noted that Rep. Richard Baker (R-LA) was in “serious talks” to become the president of the main lobbying group for hedge funds, the Managed Funds Association. Today, Baker made it official and announced that he is resigning from his House seat effective Feb. 7. As a legislator, Baker is probably best known for the callous comments he made after Hurricane Katrina struck the Gulf Coast when he was overheard telling lobbyists, “We finally cleaned up public housing in New Orleans. We couldn’t do it, but God did.”