During the “president’s” hilarious State of the Union Address, F. Joe Biden removed a line from his speech where he planned to ban members of Congress from holding and/or trading stocks.
During his State of the Union (SOTU) address on Tuesday evening, President Joe Biden declined to endorse a bipartisan plan to ban members of Congress from holding or trading stocks.
The Washington Post reported that earlier drafts of Biden’s address included an endorsement of banning members of Congress from trading stocks, but a transcript of the speech reveals it was ultimately cut — mentioning only the Russian stock market.
There have been legitimate accusations that members of Congress are participating in insider trading, and more than a few congresscritters are making millions in the market. Like this bitch right here…
In December 2021, House Speaker Nancy Pelosi (D-CA) stated that Congress and their family members should not be banned from trading stocks because “we’re a free market economy.”
The remark came after it was revealed that 54 Republicans and Democrats in Congress failed to properly disclose their transactions in accordance with Stop Trading on Congressional Knowledge (STOCK) Act.
The watchdog organization Unusual Whales has revealed that, on average, members of Congress beat the market in 2021 with hundreds of millions of dollars in stock trades. Those who faired the best were Reps. Austin Scott (R-GA), Brian Mast (R-FL), French Hill (R-AR), John Curtis (R-UT), Dan Crenshaw (R-TX), and Nancy Pelosi (D-CA).
I expect Pelosi to be uber-corrupt, but the fact that douchebag RINO Dan Crenshaw is making a killing really grinds my gears. Seriously Texas, you need to jettison this leftist douchebag, post haste.