To review past posts on this insanity and idiocy, just click on the first few posts in each month listed to the right of this page. After reviewing just a handful of these insanity posts we think you will agree that we are currently being served by the worst set of American politicians ever to hold office in our entire history.
1) It is no secret that most Washington politicians are much wealthier after their term in office vs. when they enter public office. And that increase in wealth cannot be explained by their salaries alone. Not even close
One of the best Washington politicians at self enrichment appears to be Nancy Pelosi. As we have previously discussed, she made about a half a million dollar killing when the VISA credit card business went public. She made sure her husband’s company was included and well rewarded with covid relief money even though their family is worth tens of millions of dollars.
And her greed may be getting worse:
- Some Washington sources are calling for an investigation of Nancy Pelosi’s family insider stock trading.
- The trigger for this interest is that she and her family may have earned up to $30 million on insider stock trades.
- At the same time, she has arrogantly said she opposes any efforts to ban lawmakers from trading stocks while in office.
- The majority of these earnings have come from high tech companies such as Apple, Google, etc., companies that Pelosi has been slow to act on their potential antitrust violations.
- A Congressional aide summed up the problem quite nicely: “The optics are terrible for her, for the party, and for Congress. And it raises serious questions anytime she takes actions or doesn’t act on issues relating to holding these companies accountable.”
- Furthermore, “Sure, it’s a free-market economy, but your average schmuck doesn’t get confidential briefings from government experts chock full of nonpublic information directly related to the price of stocks,” argues Walter Shaub, former director of the US Office of Government Ethics.
- Her office puts forth the stupid argument that Pelosi is not doing insider trading since all of the stock earnings were done by her husband, not her.
- And while she, as Speaker of the House, can significantly affect legislation and has the most access to insider information, over 50 members of Congress are also likely in violation of the STOCK which was supposed to prevent insider trading by members of Congress.
- The problem is that these people, especially Pelosi, are making millions of dollars because of their positions while the fine for violations of the STOCK Act is only $200 and thus, the downside of violating the STOCK Act is minimal vs. the high upside.
- Blake Masters, a candidate running for the Senate from Arizona, gives a nice summary of how disgusting this practice is: “These lawmakers are just out of touch with how normal people view the situation. Members of Congress should not be buying call options on Big Tech companies they’re in charge of regulating, that is ludicrous.”
And while members of Congress are so busy enriching themselves, millions of Americans are going hungry, going homeless, and need drug addiction support and they are a secondary, if any, priority of the American political class.
2) But it it not just members of Congress and their staffs that are guilty of insider trading and self enrichment:
- Secretary of Energy, Jennfer Granholm, failed to report, as required by the STOCK law, a load of stock transactions she made over the past year or so.
- She may have been guilty of nine violations just in 2021 according to a Biden administration report.
- Apparently, she failed to report these transactions within 45 days of the transaction as required.
- She ludicrously claimed that it was not her fault, that “clerical errors” were involved: “This was an inadvertent clerical oversight on reporting stock sales that ethics officials previously determined did not pose a conflict in her role as Energy Secretary and the Secretary paid the late filing fee,” an Energy Department spokeswoman said of Granholm’s transactions.
3) continue along the theme of crooked and corrupt people in Washington DC:
- Marie Newman is currently a Congresswoman from Illinois
- Recently the House of Representatives Ethics Office reported that there is “substantial reason to believe “ that the Congresswoman violated Federal law by bribing a potential political opponent not to run against her in the primary.
- It accuses Newman of likely promising a Congressional job to her potential primary opponent, Lymen Chehade, if he stayed out of the primary and supported her candidacy for Congress.
- Newman denied early reports that this was the case, claiming that she had no idea Chehade was planning to run against her.
- But emails were eventually uncovered that showed Newman had indeed had direct communication with Chehade where they discussed having him not run against her in the primary in exchange for a $140,000 a year Congressional job that would have little responsibilities and supervision and that Newman would endorse him for Congress once she decide to leave her Congressional seat.
- According to the Ethics Office, Newman and Chehade actually signed a document with these terms of agreement, a document she then refused to honor after she got elected.
- This refusal resulted in Chehade suing the Congresswoman for breach of contract.
So much for those in Washington being honest, high in integrity, and hard working individuals, looking out for the good of Americans everywhere. More and more it seems these people are only in the business for self enrichment with no or little chance of ever being held accountable for their actions. Disgusting.
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