What Happened to Eric Cantor?
Many of you may remember a very shocking primary last year, where Majority Leader, Eric Cantor, spent ten million dollars on a re-election campaign, and was beat by an unknown economics professor. This loss had politicians shaking in their boots, and was a wake up call to every elected leader that if you lose touch with the people, you will lose the people’s votes. Although Cantor made many media appearances, and was constantly mingling with the top GOP supporters, he said goodbye to years in Congress, hard work with leadership, and began life in the private sector. At just 50 years old, Cantor was faced with the same predicament as many other Americans: finding a new job.
Luckily for Mr. Cantor, Majority Leader of Congress looks pretty good on a resume. He moved to a job on Wall Street, and is also a visiting professor at Harvard’s prestigious John F. Kennedy School of Government’s Institute and Politics. While a different occupation, Cantor may have more influence working in the private sector, shedding light on his experiences inside the Capitol, than he would have holding office. Moelis, the global investment bank that Cantor is the vice president and managing director at, must definitely benefit from Cantor’s contacts, as well as his expertise in getting a bill that would aid the company through Congress.
Furthermore, Cantor now is actively voicing his opinions on different issues happening within Congress, without any political backlash. In particular, he has criticized the Dodd-Frank Act, which are a group of rules on the private sector that will help eliminate future economic meltdowns such as the one in 2008. As a member of Wall Street, he can now push against the issue without breaking any rules, or losing constituents.
Cantor also now is a key figure in campaigning for other candidates. Although they might not want to fully follow his advice, he has appeared at different Republican events, and said that he has narrowed his choice of Republican primary candidates to four people.
While many politicians who lose their public office slowly fade into the distance, it seems like Eric Cantor has found a different calling, and is not slowing down. While outside of DC, you can be sure that he will continue to push his agenda and weigh his influence. The career of Cantor, ironically, may just be getting started.