Top Biden donor’s Treasury appointment raises watchdog concerns: ‘Special interest activists’

Top Biden donor’s Treasury appointment raises watchdog concerns: ‘Special interest activists’

  • November 14, 2023

Gabe Kaminsky, Washington Examiner

Watchdogs are sounding the alarm over President Joe Biden’s move to tap a deep-pocketed Wall Street veteran boosting his 2024 reelection campaign to head up a powerful Treasury Department commission.

Orin Kramer, founder of the hedge fund Boston Provident LP, was announced in a Treasury press release Thursday as chairman of its Commission on Social Impact Partnerships, an advisory board tasked with making recommendations to the agency on millions of dollars in local and state government grants. The appointment of Kramer, who has poured hundreds of thousands of dollars into Biden’s 2024 campaigns and joint fundraising committees, comes on the heels of Kramer co-hosting a “Broadway for Biden” fundraiser in September featuring performances from Hamilton maker Lin-Manuel Miranda, as well as singers Sara Bareilles and Josh Groban, a flyer shows.

“When the Biden administration promised a return to norms, apparently, one of those norms was rewarding big campaign donors or activists, or both, with plum jobs in the administration,” Director Michael Chamberlain for Protect the Public’s Trust, an ethics watchdog group, told the Washington Examiner. “This type of arrangement just reinforces the idea that government is no longer of the people, by the people, and for the people but rather of, by, and for wealthy and well-connected insiders.”

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