The revolving door

It just keeps spinning on K Street. TPaw flees the sinking Mittanic and goes for the reported $1.8 million payoff:

Former Minnesota Gov. Tim Pawlenty will take over one of K Street’s most prestigious jobs as CEO of the Financial Services Roundtable.

The group announced Thursday morning that the former GOP candidate for president would replace longtime CEO Steve Bartlett. Pawlenty has stepped down as co-chairman of Mitt Romney’s presidential campaign to take the position.

The Mittster is putting a brave face on it. Romney tells the media, "While I regret he cannot continue as co-chair of my campaign, his new position advancing the integrity of our financial system is vital to the future of our country."

Because TPaw, working class hero, is going to "create jobs" by helping the casino capitalists overcome the odious rules in Dodd-Frank. Of course, the official stance is the Roundtable doesn't want to repeal it. That would be too obvious. So instead they intend to deploy TPaw to convince Congressional GOPers to defang the rules, one by one, leaving Dodd-Frank an empty shell of failed reforms.

Granted it was never a great bill, but only in America can find enough voters who will buy this bullshit and believe it will make things better.

[More posts daily at the Detroit News.]