Watching the Henhouse

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By law, two of the five commissioners of the Commodity Futures Trading Commission can’t be from the president’s party.  To fill those two slots, the president normally defers to senior leaders of the opposition party.  In the senate that would be Mitch McConnell, and for one of the two GOP positions McConnell has recommended one of his own former staffers: Scott O’Malia, the Republican clerk of the Senate Energy and Water Development subcommittee.

But before he worked for the Senate, O’Malia was a lobbyist.  And not just any lobbyist: back in the early 2000s he worked for Mirant, a company engaged in Enron-like misconduct that pushed relentlessly for deregulation of energy trading. Now, though, O’Malia says the Enron debacle opened his eyes to the problems caused by exactly the kind of deregulation his former employer championed.

Maybe so.  But surely the Republican Party can find someone who’s been a little more dedicated to regulation all along?  David Corn and Daniel Schulman have the full story here.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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