Don't you hate rich republicans who fatten their portfolios while in congress?

[rudder]

Oh wait... it is actually the democrats fattening their stock portfolios more than republicans. Democrats are averaging a 9% better return that the average American's stockportfolio versus the Republicans 2% over the time period analyzed.


http://www.washingtontimes.com/news/2011/may/25/house-members-stock-market-success-questioned/

This is not a republican vs. democrat thing.. as I expect the behavior from both parties. This is more for the people who accuse republican supporters of being sheeple. Yes those democrats you so endear are screwing over the people just the same. Using the power of elected office to fatten their bottom line.

yeh yeh this all just suggestive and there is no way to prove any members of congress used insider information... but I do not see any congressmen in a hurry to sign on to laws subjecting them to more disclosure.

 

[Zebo]

Dems are more hooked in with wall street/investment banks...welfare for rags and riches in their motto..sure to get a good tip every so often.

 

[sMiLeYz]

Technically, it's not illegal. But its one of the many symptoms of power, privileged information, and money corrupting the system.

I would advocate raising taxes on capital gains.

 

[theeedude]

Sounds like I want the Democrats managing the economy, Republicans can't even get over 2% return on their money. Yikes.

 

[Brigandier]

Sounds like I want the Democrats managing the economy, Republicans can't even get over 2% return on their money. Yikes.

2% more than the average return, not 2%.

 

[ShawnD1]

Sounds like I want the Democrats managing the economy, Republicans can't even get over 2% return on their money. Yikes.

I think he means 2% over average. That's still above average.

 

[theeedude]

I think he means 2% over average. That's still above average.

Only 2% above average. I certainly would hope my member of congress is smart enough to get better returns than that. Such low returns indicate lack of foresight.

 

[Genx87]

Only 2% above average. I certainly would hope my member of congress is smart enough to get better returns than that. Such low returns indicate lack of foresight.

You are such a toolbox. Quit posting.

 

[matt0611]

Damn those democrat fat cats!

 

[ayabe]

Easy remedy to this problem, once elected they have to divest themselves of all investments or put it into a blind trust.

Common sense really.

 

[Darwin333]

Oh wait... it is actually the democrats fattening their stock portfolios more than republicans. Democrats are averaging a 9% better return that the average American's stockportfolio versus the Republicans 2% over the time period analyzed.


http://www.washingtontimes.com/news/2011/may/25/house-members-stock-market-success-questioned/

This is not a republican vs. democrat thing.. as I expect the behavior from both parties. This is more for the people who accuse republican supporters of being sheeple. Yes those democrats you so endear are screwing over the people just the same. Using the power of elected office to fatten their bottom line.

yeh yeh this all just suggestive and there is no way to prove any members of congress used insider information... but I do not see any congressmen in a hurry to sign on to laws subjecting them to more disclosure.

They are not subjected to the insider trading laws as it is so what would more disclosure of them not breaking a law do?

 

[Anarchist420]

It's long been known that the Democrat members of Congress are richer than the Republicans members overall.

 

[theeedude]

I expect people in charge of the government to have significantly more foresight and be better informed on the trends impacting the economy than the average Joe. Success in investing is an indicator of that. Republicans are mediocre at this sort of intelligence, but they want us to trust their "expertise" on economic issues.

 

[bfdd]

Dem or Repub it doesn't matter, they're all fucking snakes peddling their own oil. The sooner some of you assholes realize this shit the sooner we can start talking about how we're really going to change shit. You keep fighting amongst yourselves though, windmills can be very dangerous.

 

[rudder]

Technically, it's not illegal. But its one of the many symptoms of power, privileged information, and money corrupting the system.

I would advocate raising taxes on capital gains.

Tell that to Martha Stewart... her insider info was second hand... she lied about it and went to the slammer.

 

[rudder]

They are not subjected to the insider trading laws as it is so what would more disclosure of them not breaking a law do?

Ever heard of conflict of interest?

 

[werepossum]

Ever heard of conflict of interest?

Yes, at some point even politicians can be shamed into behaving, if only near election time.

 

[Craig234]

For a moment when I took the topic this was Republicans literally, I was about to say I'm much less worried about the 'personal profit taking' they do than the corrupt interests and policies they support, which cost us billions and trillions - personal taking is greatly exaggerated as an issue. They have no shortage of people who would hold office and serve corrupt needs without any 'profit taking' directly.

The same answer applies given it's about Democrats.

Also, there's a point at which benefiting from policies isn't corrupt. Darn those stinking Democrats - they pass policies that benefit them, breathing cleaner air, drinking cleaner water, seeing their wealth go up as the economy does well, getting to enjoy peace instead of sending their kids to fight, screw them and their corruption!

Of course the basics - they should not profit in a way that incents them to put an interest ahead of their constituents - are a good idea.

Was there some specific allegation of Democrats doing something wrong here?

 

[bfdd]

For a moment when I took the topic this was Republicans literally, I was about to say I'm much less worried about the 'personal profit taking' they do than the corrupt interests and policies they support, which cost us billions and trillions - personal taking is greatly exaggerated as an issue. They have no shortage of people who would hold office and serve corrupt needs without any 'profit taking' directly.

The same answer applies given it's about Democrats.

Also, there's a point at which benefiting from policies isn't corrupt. Darn those stinking Democrats - they pass policies that benefit them, breathing cleaner air, drinking cleaner water, seeing their wealth go up as the economy does well, getting to enjoy peace instead of sending their kids to fight, screw them and their corruption!

Of course the basics - they should not profit in a way that incents them to put an interest ahead of their constituents - are a good idea.

Was there some specific allegation of Democrats doing something wrong here?

Personal profiting comes from the shit you're saying they do to destroy our country. Where the fuck do you think they make the money from? It's either investing in things then giving them government subsidiaries so they can turn a profit in which they make money or they invest in things then regulate to protect their investments. Their personal gain is directly tied to our suffering.

But of course you'd come in here and tell us the difference between Ds and Rs. I mean that one wears red!

Also, damn the Dems for wanting to give us clean air? I guess we'll just skip over the fact that Nixon pushed the EPA through. Last I checked he didn't even go through congress. Look at that the big bad Republican boogieman, Dick Nixon, wants clean air as well!

 

[Jhhnn]

Personal profiting comes from the shit you're saying they do to destroy our country. Where the fuck do you think they make the money from? It's either investing in things then giving them government subsidiaries so they can turn a profit in which they make money or they invest in things then regulate to protect their investments. Their personal gain is directly tied to our suffering.

But of course you'd come in here and tell us the difference between Ds and Rs. I mean that one wears red!

Also, damn the Dems for wanting to give us clean air? I guess we'll just skip over the fact that Nixon pushed the EPA through. Last I checked he didn't even go through congress. Look at that the big bad Republican boogieman, Dick Nixon, wants clean air as well!

If Nixon were alive today, the Repub leadership would be calling him a Commie. Their current efforts aim to de-fund the EPA to benefit polluters, and anybody with half a brain recognizes that. Not that they'll do away with it entirely, just make it impossible for them to do their job, with the SEC and some others locked into the same fiscal straight jacket.

Having a higher level of information isn't insider trading, despite the innuendo of the article. Illegal insider trading has legal definitions, none of which congress critters have been shown to violate.

I thought Righties were all about deregulated free markets in the global economy, not denying their representatives the right to participate in them...

The fact that Dems are apparently better stock pickers doesn't phase them, either... maybe Dems are just better connected to reality than to ideological stupidity...

 

[bfdd]

Hey Jhhnn, I am not denying that shit, but the fool was still a Republican and I quite remember Democrats while I was growing up having a huge hard on for how "evil" Nixon was. Apparently he wasn't that evil, now there's a new evil! Sounds like how we went from the USSR to TURRISTS!

 

[Craig234]

If Nixon were alive today, the Repub leadership would be calling him a Commie. Their current efforts aim to de-fund the EPA to benefit polluters, and anybody with half a brain recognizes that. Not that they'll do away with it entirely, just make it impossible for them to do their job, with the SEC and some others locked into the same fiscal straight jacket.

Having a higher level of information isn't insider trading, despite the innuendo of the article. Illegal insider trading has legal definitions, none of which congress critters have been shown to violate.

I thought Righties were all about deregulated free markets in the global economy, not denying their representatives the right to participate in them...

The fact that Dems are apparently better stock pickers doesn't phase them, either... maybe Dems are just better connected to reality than to ideological stupidity...

If the story were 'Republicans pick stocks better than Democrats', they'd be saying how it proved Republicans were financially competent more than Democrats.

 

[Hayabusa Rider]

I'm not feeling any angst over this.

 

[bfdd]

If the story were 'Republicans pick stocks better than Democrats', they'd be saying how it proved Republicans were financially competent more than Democrats.

And you would be saying it was insider trading or whatever other non-sense is going on. Personally I don't like the fact that any politician can gain from investment while in office.

 

[shortylickens]

We really need a troll emoticon.