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Pay Cut, Scrutiny Await Axelrod in DC

Consultant's finances would come into sharp focus

By Kevin Spak,  Newser Staff

Posted Nov 13, 2008 10:13 AM CST

(Newser) – David Axelrod would pay a steep price to follow his most famous client to the White House, Politico reports. Barack Obama’s right-hand man would probably have to sell his stakes in the lucrative consulting firms he founded  and open his finances to public scrutiny. Axelrod’s firms have collected more than $35 million since 1998 for various political and lobbying jobs, including $2.5 million from Obama’s campaign.

How much Axelrod pocketed isn't clear, but oit's certainly enough to dwarf a $200,000 government job. “Money is not the driving factor here,” said one consultant. Obama and Axelrod’s friendship “goes beyond a traditional client-consultant relationship.” But Axelrod would also be exposing Obama to questions about his firm’s past dealings; the RNC chairman says people should compare Axelrod to Karl Rove, who gave up a similar firm in 1999.

Advisers, David Axelrod, right, and Robert Gibbs talk with the media en route with Barack Obama to a primary night rally in St Paul, Minn., in this June 3, 2008 file photo.
Advisers, David Axelrod, right, and Robert Gibbs talk with the media en route with Barack Obama to a primary night rally in St Paul, Minn., in this June 3, 2008 file photo.   (AP Photo/Chris Carlson)
David Axelrod, chief campaign strategist for Barack Obama gives reporters his take on a debate in this file photo.
David Axelrod, chief campaign strategist for Barack Obama gives reporters his take on a debate in this file photo.   (AP Photo/Rogelio V. Solis)
David Axelrod, consultant to Barack Obama, meets the press following the vice presidential debate at Washington University in St. Louis, Thursday, Oct. 2, 2008.
David Axelrod, consultant to Barack Obama, meets the press following the vice presidential debate at Washington University in St. Louis, Thursday, Oct. 2, 2008.   (AP Photo/Tom Gannam)
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People need to be looking at Axelrod the same way that they looked at Karl Rove. The same kinds of questions that were asked about Rove need to be asked about Mr. Axelrod. - Mike Duncan, chairman of the Republican National Committee

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