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Sunday, November 12, 2006

$600,000 for a Democrat Aide--Supply and Demand

Excerpts from Roll Call article:

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One prominent lobbyist who hires Capitol Hill aides said that, in general, Republicans can expect to slash about $50,000 from what they might have commanded before the election returns came in. Yet, another lobbyist who runs his large firm said there are senior-level Democratic aides for whom he would offer as much as $600,000 in total compensation to lure them to his bipartisan shop because of simple supply and demand.

Veteran lobbyists and headhunters said some of the soon-to-be-unemployed aides and Members will find new jobs in the Bush administration, where a flurry of turnover is expected.

Some aides will look to fill other posts on the Hill, while others will catch on with trade associations, lobbying firms and corporate offices — though perhaps for a smaller salary than other Republicans commanded as little as six months ago.

From Raw Story found on Billmon.

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