Very fine to learn that Carlyle Group founder David Rubenstein is recycling a little bit of the mountain of tax dollars he accumulated from years of playing Wall Street roulette in the defense industry. Harking back to the private equity firm’s early days under former Secretary of Defense Frank Carlucci, Carlyle wheeled and dealed with impunity in a business where the only big money is government money. So it’s nice that Rubenstein is helping to fix the Washington Monument and house the National Zoo’s pandas. (Let’s hope the great national phallus will be spared a banner with his name on it, like the one now hanging from the National Archives building on Pennsylvania Avenue.) The gigantesque Pentagon budgets of the Weinberger-Carlucci-Cheney era and beyond are not incidental to why the country needs help now from Daddy Warbucks.
And thanks to Jennifer Steinhauer of The New York Times for her born-yesterday reporting.
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