Thursday, September 29, 2022

Long After The Horses Have Already Bolted And The Pigs Have Fed At The Trough

Democrats are beginning to realize their Marie Antoinette approach hasn't been a hit with most Americans.

The Detroit News: Democrats unveil bill to restrict trading by lawmakers, presidents

This is of course, long after the Nancy Pelosi stock picking method, and the wealth she has amassed from it, has become legendary, and long after she;s moved to block prior bans.

Interestingly, and not surprisingly, there's lots of push-back from the Democrats in the House and Senate who want to keep on insider trading.

Unsurprisingly, the bill itself has apparently a huge loophole to keep insider trading alive.

Hilariously, the Detroit News article states that:

Forcing a vote now has the added bonus of putting Republicans on the spot, they said.

So, the Democrats themselves are conflicted with many against the bill as it harms their economic self-interest and opportunity to make millions insider trading, yet somehow bringing it up to vote will be "putting Republicans on the spot".

Pull the other one, it's got bells on it.