Tuesday, February 12, 2013

Carlyle's Latest Government Crossover

America's Government-Corporate Monstrosity, Eisenhower's Military-Industrial Complex on trillions in federal steroids, noted the shifting of one player.  A press release stated:

The Carlyle Group (NASDAQ:CG), today announced that Barrett Karr will join the firm as a Principal in the Global External Affairs Group where she will lead the firm’s U.S. government affairs. In this position Ms. Karr will provide insights, analysis and strategy to the firm, its funds and portfolio companies. Ms. Karr comes to Carlyle from the U.S. House Committee on Education and the Workforce, where she serves as Majority Staff Director. She begins her duties in March and will be based in Washington,

Prior to becoming Staff Director in 2009, Ms. Karr was Deputy Assistant for Legislative Affairs to President George W. Bush. From 1995-2005, Ms. Karr served in the Office of Congresswoman Kay Granger, the latter four years as Chief of Staff.

Is that eighteen years of "public service" or nearly two decades of doing billionaires' bidding.  Likely the latter.  Karr is the latest in a long line of Carlyle Group-government crossovers.  This is how oligarchs do hegemony.  It's a bipartisan thing.  Red and Blue love PEU (private equity underwriters).