Surprise: Obama's "jobs council" includes buyout specialists a la Bain

Richard Parsons, chairman of Citigroup, is a senior advisor at Providence Equity Partners, “a leading private equity investment firm, specializing in media, communications and information companies,” according to his bio on the White House website.

He joined the firm in 2009 shortly after it completed what news reports describe as the “biggest leveraged buyout in history,” the $51 billion acquisition of Bell Canada.

Mark Gallogly, the co-founder of Centerbridge Partners and formerly with Blackstone Group, the nation’s largest private equity firm, also sits on the panel. He served on Obama’s Economic Recovery Advisory Board, his official bio states.

Gallogly is also a major Obama campaign contributor and fundraiser, collecting more than $500,000 for the 2012 race.

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