Dinesh, in the tweet at the top of the page, poses an important question: where do Democrats get their fortunes?
It’s important, because the answer is often what one expects– corruption.
Take Nancy Pelosi, for example. According to Yahoo Finance:
“President Joe Biden is currently encouraging the purchase of electric vehicles, and that could mean lifting the cap on sales, providing tax credits to buyers, and a potential program incentivizing people to trade in used vehicles to buy an electric one. Biden also announced on Monday that he would be replacing the entire fleet of 645,000 federal vehicles with electric ones. This could create a conflict of interest, as part of Pelosi’s job will include working to pass these environmental and clean energy initiatives — initiatives from which her family now stands to profit handsomely.
According to the disclosure, Pelosi (or her husband, Paul, who runs a venture capital firm) purchased call options at a stake price of $500. Since the calls were bought last month, shares of Tesla have risen from $640.34 to over $890. The call options are now valued at $1.12; they were purchased for between $500,000 and $1 million.”
She waited for hints of an EV executive order and then had her husband buy stock options on Tesla, an EV maker. She did something similar when Microsoft signed a contract with the feds, purchasing $10 million of its stock just before the contract was signed and announced. So, how did Pelosi make her money? It looks like she used corrupt stock trades that are reminiscent of the Gilded Age. Oh, and, despite drawing a salary of just over $100k, she’s worth over $100 million. Sure, her husband is a financier and made that money, but from where did his success come- genius or corrupt deals? Based on their stock trades, it looks like the latter.
With that in mind, let’s turn to Sen. Feinstein, who recently put a $41 million estate in Lake Tahoe up for sale. As with Pelosi, Feinstein’s husband is a financier; did their wealth come from honest deals and studious saving, or from corrupt deals of the Pelosi mold? It’s worth asking.
Our politicians are not supposed to grow rich at the public’s expense. Washington, Jefferson, and others made financial sacrifices when they were in office and that should be what sets the example for modern American politicos. Unfortunately for the republic, it appears that corruption of the transcontinental railroad type, where politicians grow rich on stocks buoyed by contracts that they agreed on as legislators, is the norm.
So, where do Democrats get their fortunes? Just ask Pelosi’s broker.