At its highest levels of power and public office, the United States has had a revolving door between Washington and Wall Street for a long time. Think Joe Kennedy, back in the 1930s. But these days, that door spins faster and faster.
Peter Orszag goes from the White House inner circle of economic policy makers to the top circle of Citigroup and Wall Street in the blink of an eye.
It was one thing when the “business of America” was lifting all boats. What about when it’s not? Or hasn't?
This hour On Point:The Washington-Wall Street revolving door and what it means for the country now.
- Tom Ashbrook
Gabriel Sherman, contributing editor for New York Magazine.
Jacob Hacker, professor of Political Science at Yale University and co-author of "Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class."
This program aired on April 13, 2011.