Because of worries regarding Paul Pelosi’s stock trading, former presidential candidate Tulsi Gabbard made a rare display of criticism among Democratic colleagues and targeted House Speaker Nancy Pelosi. In the middle of an already acrimonious election season, the encounter has garnered much public attention.
“What we’re seeing here is the same thing that I saw when I was in Congress — is this blatant corruption being exposed in broad daylight — the system is rigged. We have people in positions of power to pass legislation, to enact new policies. They can see, ‘OK, here are the industries or companies that will benefit from this. I’m going to go and make these investments, buy this stock or that stock, or have my husband or wife do it and then make money in the process,’” During the well-liked Fox News show, Gabbard stated “Jesse Watters Primetime.”
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“I think it’s important also to look at this, especially in the environment that we’re in right now. What is even more dangerous than what we’re seeing here is that we have members of Congress who are investing in companies or industries that will benefit from a new Cold War or conflict, for example. And these are the very same people who are making the policies, who have a vested interest in stoking those tensions and amping up this new Cold War, directly benefiting from it, and simultaneously undermining our actual national security for our country and the interests of the American people,” Gabbard added.
WATCH:
Insider trading accusations have been refuted by Pelosi.
Rep. Chip Roy of Texas blasted Democrats last month for saying they support legislation to stop lawmakers from engaging in illegal trade activities.
Texas congressmen lambasted their Democratic counterparts in a sharp letter for not considering the STOCK Act carefully. Since there doesn’t seem to be any movement toward a solution, time is of the importance, and waiting will have negative effects.
Roy and Rep. Abigail Spanberger, a Democrat, collaborated to create a ground-breaking measure that would prevent members of Congress from using stock trading for their own financial advantage.
“As you are aware, the House floor schedule this week contains the ‘Possible Consideration of Legislation Related to the STOCK Act.’ I am glad to see the House finally taking up the idea of reforming policies related to Member stock trading. However, as one of the original sponsors of reform language — notably introducing HR336, the TRUST in Congress Act, some 2 years ago with my Democrat colleague from Virginia, Abigail Spanberger — I was interested to see the ‘final’ language via Jake Sherman’s Twitter account last night,” Roy wrote.
Republican House Leader Kevin McCarthy has said that he would head an inquiry into claims that Nancy Pelosi engaged in stock trading if Republicans take back the House in the next midterm elections.
“I would look through it,” Regarding the Democratic plan to outlaw stock trading for Congress members’ wives, he remarked “What I’ve told everybody is we will come back, and we will not only investigate this, we will come back with a proposal to change the current behavior.”
“Her husband can trade all the way through, but now it becomes a crisis?” he said. “I think what her husband did was wrong.”
“I think we need to bring trust back to this institution,” he said. “I think we have to do a thorough investigation and look at what is the proper role for members of Congress and what influence they have, and I don’t think the proper way to do this is Nancy Pelosi writing the bill because we have proven that she can not do that.”
In a MoneyWise report,
In September, Nancy Pelosi, the speaker of the lower chamber of the US Congress, found herself in an awkward predicament. Just a few weeks after she had faced backlash over her husband Paul’s financial decisions, a draft legislative release was made public following her directive to the House Administration Committee back in February; venture capitalist investments were disclosed, including the purchase of Nvidia stock.
Paul Pelosi made a controversial decision before to the Senate’s historic vote to provide a significant $52 billion subsidy to domestic chipmakers. In July, just before it passed, he liquidated his interests in a well-known semiconductor business for a sizable six-figure loss.
Several well-known people have openly said that they don’t believe the measure would successfully stop insider trading, especially if there is already a loophole. “blind trust requirement.”
The Democrats and half of the Republican Party will screw the American people every way they can and laugh about it all way to the bank we are in a hell of a predicament. People are so stupid that they’ll vote these dumbasses right back in these backstabbing bastards