Luckily for those who won't be returning to Congress -- the tally is 75 -- their power and influence is more sought after than ever, and many "fail up." For them, the days of being lobbied are over. Now some will make the classic switch, joining the ranks of the lobbyists of K Street.
As the revolving door spins faster than ever between jobs in government and corporate America, information and who you know are the currency that gets you through the tollgate, information that paying clients then use for ever greater profits and a competitive edge.
Barack Obama told us there would be no compromise on net neutrality. We heard him say it back in 2007, when he first was running for president. He said it many more times. And defenders of net neutrality believed him.
Comcast and Verizon have successfully positioned this battle of the bits as one between corporations. This framing implies that Netflix is "pushing" content and, thus, should have to bear its costs. But that's not what's happening.
Politically the moral leadership of the pope is bad news for those Republicans, conservatives, Tea Party advocates and libertarians who politically worship at the altar of the unbridled and unregulated excesses of capitalism that Francis deplores.
For once the interests of the 1 percent and the 99 percent are aligned around stopping a default on the corporate debt which would both decimate corporate profits and throw millions of ordinary Americans out of work.
Despite what you've heard, the spirit of bipartisanship in Washington is not dead. Simply look past the vitriol, bombast and gridlock, then listen for the ka-ching of the nearest cash register, made flesh by friendly lobbyists and special interests.
The private sector isn't bad, nor is the SEC, or at least they don't have to be. Common sense reforms that strike at the heart of deleterious incentives are the only ways to cure the financial regulatory system of its toothless regulations and laughable oversight mechanisms.
The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.