David Plouffe's ties to GE and Boeing
This just in...White House adviser David Plouffe (who also served as Obama's campaign manager) made millions before he joined the White House staff, with a good chunk of that coming from "management contracts" with General Electric and Boeing-two of the biggest beneficiaries of government contracts.
Politico's Abby Phillip reports:
Financial disclosure forms released Friday show that in the year before he joined the White House staff, senior adviser David Plouffe made more than $2 million as an author, paid speaker and management consultant for General Electric and Boeing.
Plouffe, who served as President Barack Obama's 2008 campaign manager, has a net worth of $1.6 million to $3.6 million, the documents indicate. He arrived at the White House last month after David Axelrod stepped down and returned to Chicago to begin planning Obama's 2012 reelection campaign.
According to the financial statements, Plouffe earned $1.5 million in 2010 from his management consulting firm, Plouffe Strategies. That figure included his work for Boeing and GE, and nearly $500,000 he received for speaking engagements. He earned $108,000 more from AKPD Message and Media, the Chicago-based firm he runs with Axelrod.
General Electric has long been seen as being cozy with the White House. Jeffrey Immelt, GE's chief executive, has been put in charge of President Obama's new presidential council on jobs and global competitiveness. Immelt has been in the forefront of supporting Barack Obama's "clean" and "renewable" energy initiatives (GE has a big business stake in promoting these technologies since they bring a great deal of revenue into its coffers).
GE has been subject to criticism for being a cheerleader for Barack Obama -especially its two previously-owned networks, NBC and MSNBC(my favorite cover article from 2008 was this one from National Review showing Barack Obama feeding "his pet", the NBC Peacock. Immelt has been Obama's Ambassador to the business community and has served to polish Obama's image so it appears more favorable to the business community. GE gets billions from the federal government.
Barack Obama made a deal during the campaign about changing the mores of Washington. His anti-lobby rules are filled with loopholes-as is most of the legislation and rules coming from the Oval Office. My favorite concerning lobbyist is the loophole involving them meeting with White House officials at a Caribou Coffee across the street from the White House to avoid having to log them in the White House visitors log (where inquiring minds might find these visits of interest).
Now here comes another revelation that the "change" mantra for Barack Obama was just another bit of spin and campaign prop. Plouffe may technically never have registered as a lobbyist, but he did receive a lot of money for being a management consultant for General Electric. There are many thousands of management consultants in America. Was it just coincidence that Plouffe (and Axelrod, for that matter) landed this work?
An interesting line of pursuit would be to inquire if he ever received compensation for management consulting from GE (or Boeing) before he was so closely associated with the man who was likely, and eventually did, become President.