Joe Biden announced Tuesday that he would select Washington swamp monster Steve Ricchetti to serve as the “counselor to the president.”
Throughout his Washington career, Riccetti had his own “revolving door” from the lobbying world to political power.
In the late 1980s, he began as a lobbyist for Blue Cross Blue Shield insurance before moving to lead the Democratic Senatorial Campaign Committee. In 1993, he joined the Clinton White House before leaving in 1996 to start a lobbying firm with his brother Jeff.
The Ricchetti brothers sold their firm to Tony Podesta in 1999 after Steve Ricchetti returned to the Clinton White House for another stint.
After Clinton appointed John Podesta as his chief of staff, Podesta named Richhetti as the White House deputy chief of staff.
A New York Times article published in 2000 compared the Ricchetti brothers to John Podesta and Tony Podesta as the well-heeled power brokers in Washington, DC.
“The Medicis controlled everything,” Tony Podesta said in the interview, referring to the merchant family that ruled Renaissance Florence. “We have it split into two families.”
After Bill Clinton left office, Ricchetti started another lobbying firm with his brother, putting him in a prime position to begin raising money for former first lady Hillary Clinton’s inaugural presidential run in 2008.
The Ricchetti firm’s client list included well-known companies such as General Motors, the American Hospital Association, AT&T, Eli Lilly, Nextel, Novartis, Pfizer, and even Fannie Mae in the years prior to the financial crisis.
The investments paid off.
For example, as Senator of New York, Hillary Clinton helped direct $8 million in federal money to General Motors through earmarks in legislation between 2005 and 2007.
Ricchetti Incorporated continues as a lobbying firm in 2020, still signing clients with his brother Jeff as the lead lobbyist.
Read More: breitbart.com