Gabe Sherman on Morning Joe: Peter Orszag Never Wanted the White House Gig


As our Gabe Sherman writes in this week’s profile of former White House budget director Peter Orszag, “The close alliance among Wall Street and … the West Wing of the White House is the military-industrial complex of our time.” Orszag — now a vice-chairman in Citigroup’s global banking division — is but one of many White House staffers to step into the revolving door from Washington to Wall Street. Today on Morning Joe, Sherman points out that the close-knit relationship between D.C. and Wall Street can feel just plain icky to many Americans, especially during a recession caused partly by a banking collapse. “Peter’s move to Citi really touched off this debate,” Sherman says. “Should policy-makers, when they leave the administration, immediately take high-level jobs in finance?” Well, should they?