William Daley’s White House arrival excites many on K Street.  Daley, who has replaced Rahm Emmanuel as White House chief of staff, is expected to be a great advocate for business in his new position.  The former Clinton Administration Chamber of Commerce secretary and LDA-registrant is being viewed as a “kindred spirit” by business executives, according to Roll Call.

Though largely liberal, many are optimistic that Daley will plead the case for businesses on the issues of trade, tax and regulation, and may “seek common ground with business and the White House.”  Daley’s former posts on the board of Fannie Mae and as vice president of banking giant JP Morgan put him in a key position to address the mortgage and banking crises, two of the nation’s most pressing economic issues after employment.

During the 2008 election, Daley, then an Obama economic advisor, took heat from presidential candidate Sen. John McCain for being a lobbyist, a claim which Daley denied.  A search of the lobbying database reveals that a William Daley has indeed lobbied on behalf of Community Organizations in Action and the Washington Community Organization Network, although Daley’s lobbyist son also bears his name.