AFTER HOUSE MAJORITY leader Eric Cantor’s (R-Va.) unpredictable defeat Tuesday night, a predictable response: what’s next for the Virginian?
Perhaps the most eager to know are those willing to coax the lame duck into working for them. His leadership position, writes the Hill, makes him an incredibly lucrative prize. And depending on the results of this year’s midterm elections, his stock could rise in just a matter of months. The timing of his defeat combined with his length of service and rank within the Republican party are the chief ingredients that make Cantor even more magnetic than “Blue Dog” Democrats, a “popular breed” on K St. for their bipartisanship and amity towards business.
Whether Cantor’s staff will get a share of this fortune is less certain. Some are arguing that their value will sink as a result of the defeat, while others are skeptical of this assessment. Ivan Adler, a principal at The McCormick Group, told The Hill “being in leadership means you know the entire caucus; that’s something that’s really important. Those relationships don’t go away because your boss is not there.” POLITICO’s stance appears to incorporate both views, noting that former Cantor staffers on K St.
are [all] lobbyists with extensive relationships all over town who will ultimately be fine without their Cantor connection on Capitol Hill. But Cantor’s exit – assuming he doesn’t mount a quixotic write-in campaign – shifts the center of gravity and talent on K Street significantly.
As for Cantor’s donors, a potential measure of his influence, POLITICO adds that it’s “futile” to list them “because it’s essentially a who’s who of Fortune 500 and major trade associations.”
Of course, these discussions tend to invite needless speculation, so it’s worth ending on two points of consensus: Eric Cantor has his pick of the crop, and whoever gets him will profit immensely.