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Home Publications Blogs Beat the Press The Hamilton Project: A Taxpayer Funded Policy Shop?

The Hamilton Project: A Taxpayer Funded Policy Shop?

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Thursday, 22 April 2010 05:23
The Washington Post reported on the restart of the Hamilton Project, a policy-oriented research project that is financed in large part by Robert Rubin. Mr. Rubin made $110 million in his decade as a top Citigroup executive. During his tenure Citigroup went from one of the largest and most profitable financial companies in the world to the edge of bankruptcy. It was only saved from bankruptcy in the fall of 2008 by tens of billions of taxpayer dollars and hundreds of billions of dollars of government guarantees. It would have been worth noting the questionable source of the project's funding in this piece. If a similar project had been launched by a coalition of labor unions, there is no doubt that the source of the funding would have been clearly noted in the piece.
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written by izzatzo, April 22, 2010 9:06
Hamilton wrote the Federalist Papers,
Making it very clear,
When Rubin Cubins go on capers,
Regulations won't get near,
Invisible hands of shadow markets,
When unseen are not feared.

Plunder and Blunder and boom and bust,
False Profits and prophets are dear,
Here a gain there a loss,
Each earns with productive succession.

The higher the pay the lower they lay,
Masking as Federalists with suggestions,
We're just autonomous homo economus,
Working for all in progression.
inwoe
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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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