One of the biggest scandals in American politics is waiting to explode: the full story of the inside game in Washington shows how the permanent political class enriches itself at the expense of the rest of us. Insider trading is illegal on Wall Street, yet it is routine among members of Congress.
- Normal individuals cannot get in on IPOs at the asking price, but politicians do so routinely.
- The Obama administration has been able to funnel hundreds of millions of dollars to its supporters, ensuring yet more campaign donations.
- An entire class of investors now makes all of its profits based on influence and access in Washington.
Author Peter Schweizer has doggedly researched through mountains of financial records, tracking complicated deals and stock trades back to the timing of briefings, votes on bills, and every other point of leverage for politicians in Washington.
Statistically speaking, a newly elected Congressman’s net wealth increases 25% after just 2 years in Congress – thanks to insider trading and passing bills with a conflict of interest.
The result of all this corruption is a manifesto for revolution: the Permanent Political Class must go.
I’m thankful for Jack and Tina and Pie!
Oh yeah, lotsa pie, Babee!
Will make a great Christmas gift.
I seriously doubt that I’ll be voting for any incumbent in 2012.
Thank you Juanita, Toby, C.J., Peggy, Soaps, Pie, Chris… hope you all had a great Thanksgiving and this includes Libby, Rex, Q, and everyone else that has enjoyed being part of the PS experiment.