Wednesday, May 20, 2020

New Think Tank to Take On Private Equity, Hedge Funds

Here is more from Politico:

A new conservative think-tank in Washington is launching its first campaign Wednesday with what could be a long-shot goal — persuading pro-business Republicans that they should cast a more skeptical eye on Wall Street’s private equity firms and hedge funds,” Bloomberg News’ Robert Schmidt and Sabrina Willmer report. “American Compass, the brainchild of former Mitt Romney campaign staffer Oren Cass, wants to re-direct Republican policies to support businesses that make things and contribute to the real economy.” The think tank, unsurprisingly, doesn’t plan to identify its donors. It has ties to Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.), Josh Hawley (R-Mo.) and Romney.

Here is a previous Think Tank Watch piece on American Compass.

Washington Post columnist Henry Olsen recently penned a piece on American Compass entitled "This New Think Tank Wants to Reform Conservatism.  Republicans Ignore it at Their Peril."