The Washington Free Beacon reports:
After attacking hedge funds and their managers during her tenure in the Obama administration, Anita Dunn is now working as a public relations consultant to improve the industry’s image, according to a secret proposal obtained by the Washington Free Beacon.
Dunn, formerly the interim White House communications director for the Obama administration and currently a managing director at the Democratic consulting firm SKDKnickerbocker (SKDK), is being promoted by the public relations firm McLean/Clark LLC as a director of “paid media” for a pro-hedge-fund campaign. The project is described by promotional material as a “comprehensive public affairs operation” to “raise awareness about the positive role hedge funds play in the American economy” and to “eliminate the need for politicians to take aim at hedge funds.”
As White House communications director, Dunn helped President Obama criticize hedge funds as a key factor of the financial collapse—and she has continued that criticism, at least in public, ever since.
An industry outsider who was pitched on Dunn’s proposal told the Washington Free Beacon that he was surprised to see the former Obama official involved in the effort. “First we see Dunn attack us on television,” he said, “and then she tells us to hire her to head off the exact attacks that she herself is hurling at us. The entire thing begins to stink like a protection racket.”
Whole report here.