Disclaimer: This article may contain the personal views and opinions of the author.
If there is one aspect to politics that is most certainly not news, it’s the obvious (and sometimes non-obvious) division endemic in the political system. The Democrats go after the Republicans. Of course, the Republicans go right back after the Democrats. Politics is nothing if not redundant and in this context, it is always on full display.
That is simply the reality. One can find examples of this littered throughout the political landscape. If one goes on a daily accounting excursion, then sometimes the Democrats are the main instigators. However, on other days, we have to face it, it’s the Republicans who are, to resort to cliche, stirring the pot. The latest example on offer comes to us courtesy of House Minority Leader Kevin McCarthy.
It is now being reported that:
House Minority Leader Kevin McCarthy vowed to investigate Nancy Pelosi and her husband’s Paul stock trades after the Speaker received backlash for Paul’s recent trades and members of her own Party are pushing for a ban.
Mr. McCarthy stated, “I would look all the way through it. 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 of the Dems making noise about a bill to ban stock trades by members of Congress and their spouses now, at the end of the term, after the damage has been done.”
“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’t do that.”
In fact, next month, the Democrats will be introducing legislation that will prevent members of congress from trading stocks.
“Has your husband ever made a stock purchase or sale based on information he’s received from you?” a reporter asked Pelosi last week. “No. Absolutely not,” Pelosi scolded before walking off.
The Nancy Pelosi Stock Tracker Twitter account also stated that:
“Speaker Pelosi just sold 25,000 shares of $NVDA for an average price of $165.05 on 7/26/22. This is the first time Pelosi has ever reported a trade the same day say she made it. On the filing, she commented: “for a total loss of $341,365.”
“Timeline: 5/21/21 – Purchased 200 LEAPS with an exp date of June 2022. 7/23/21 – Purchased 5,000 shares at $195.58. 7/23/21 – Purchased 50 LEAPS with an exp. date of Sept. 2022. 6/17/22 – Purchased 20,000 shares at $100 (exercised 200 calls). 7/26/22 – Sold 25,000 shares at $165.
“Still owns: 50 LEAPS at a Strike Price of $100 and an exp. date of 9/16/22. At the time of the purchase, $NVDA was $195.98. These LEAPS were bought back on 7/23/21.”
Division doesn’t only occur between Democrats. There is schism and fraction that can fairly frequently erupt in and among the Democrats.
So, the in-fighting continues and this writer couldn’t be happier. Any day where House Speaker Pelosi is held accountable should be considered a win.
Does anyone get the feeling that the walls are closing in on the Democratic ilk? Pelosi, Harris, and of course, Biden. It seems that the wagons are circling and the prominent Democrats seem to be right in the middle, anxious awaiting just a glimpse to the outside of the conflict.
