Most importantly, as the richest president-elect in history, Trump has shown no interest in addressing the very big, never-before-seen conflict of interest of his own business empire. Literally everything he does as president could have some effect on his personal wealth. Yet Trump's lobbying overhaul, which he dubs his "contract for the American voter", proposes "a lifetime ban on White House officials lobbying on behalf of a foreign government".
Obama signed an executive order that was less stringent than his campaign rhetoric. In addition to barring lobbyists from donating to or working on his transition in areas in which they had lobbied over the past year, Obama installed Norm Eisen as ethics czar and imposed pre- and post-employment conditions on all executive branch employees. "If the goal is to stop influence from coming into the government, then this doesn't do that, because you can lobby until the day you enter the government", said Larry Noble, the general counsel of the Campaign Legal Center.
"We are going to put on term limits", Trump declared in the weekend interview.
A top Trump transition source tells ABC News the new lobbying rules were inspired by the plan outlined by GOP operative Peter Schweizer - the author of "Clinton Cash" - in another one of his books, "Extortion".
First, there's no ban on present-day lobbyists.
As CNN reports, Republican National Committee spokesman Sean Spicer announced Wednesday any potential Trump cabinet appointee must prove they are no longer a lobbyist.
"It's a continuation of the same bogus definition of 'lobbyist, '" said the lobbyist. In a tweet on Tuesday, he called the reported finalists "two of the smartest people I know". The decisions you make with your transition team will shape the next four years of this nation.
And everyone in Washington is free to make this determination on their own.
One Republican lobbyist said the ban was "shortsighted".
This initially didn't matter because there were no consequences to registering as a lobbyist beyond the fact the public would be able to find out about it.
Warren spent the bulk of her letter describing to Trump the various industry ties of the "over twenty Wall Street elites, industry insiders, and lobbyists making decisions that could have huge implications for their clients or employers" who Trump has either staffed on his transition team or flagged as possible members of his administration.
This did not necessarily lead to less lobbying, but it did lead to over 5,000 lobbyists de-registering in 2008 and 2009. But is hiring someone who was a registered lobbyist until a few days ago really not hiring a lobbyist?
"I'm taking it as a little ray of hope", said Craig Holman, government affairs lobbyist for Public Citizen. But he's provided no specifics about what this means.
The ban also applies to the transition team members charged with helping to find, vet and hire for the incoming Republican administration, Trump spokesman Sean Spicer said late Wednesday in NY. It's since been changed, presumably after non-swamp feedback, to the less-revealing "Trump tries to steady rocky transition".