The Obama-Biden Revolving Door

MuckRock and Forbes explored how Obama-Biden officials cashed in during the Trump years. We dug into the financial disclosures of 77 officials who left the Obama administration and returned for the Biden administration. What we found: The officials’ median assets increased an estimated 270% over four years. By comparison, total household assets increased 38% nationwide from 2017 to 2021, according to data published by the Federal Reserve. The S&P 500 went up 70% over the same period.

All of the financial disclosures we analyzed and the data can be found here.

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Revolving-door riches: How Obama-Biden officials cashed in during the Trump years

by Eric Fan

June 20, 2022

How lucrative is the swamp? A first-of-its-kind analysis shows 77 officials who served under Obama and Biden boosted their assets by an estimated 270% from 2017 to 2021.

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