“Throw Them All Out”

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“Throw Them All Out” is the name of a recent book by Peter Schweizer. It deals with insider trading and crony capitalism in our government. There are multiple stories on the internet about this book and its information, my sources are CBN News and Big Government.

CBN cites the following examples:

When California Democrat Nancy Pelosi was House speaker in 2008, she got preferred treatment to invest in a credit card company at the same time Congress was considering credit card legislation.

Another former House speaker, Republican Dennis Hastert, returned to his home state of Illinois after making millions on a land deal that involved a congressional earmark.

Big Government reports:

Media Matters has offered up a ridiculous post that tries to distort the fundamental facts about Barack Obama’s green energy program. I hesitated whether to even comment on it because they fail in the basic tenets of honest journalism. George Soros is a large contributor to Media Matters.

The article at Big Government lists the approved loans to green energy companies that included major fund raisers for the Obama campaign. All of these loans did not go through for various reasons, but all were approved.

I’m not really supporting the idea of throwing them all out. There were some Congressmen elected in 2010 that are not involved in this sort of thing. There are also some Congressmen that have been there for a while who have not used their offices for personal gain. We need to make sure we differentiate between those who have been dishonest and those who have not. I am, however, willing to throw anyone out who has profited because of insider knowledge or has used their office for personal gain. We just need to make sure we do our homework before we throw anyone out of office!

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This Is Just Distressing

Business Insider reported yesterday that Rham Emanuel sold up to $250,000 in Freddie Mac stock on February 21, 2003, days before it dropped by 10 percent and weeks before the announcement that it was under investigation. This is reported in Peter Schwiezer’s new book “Throw Them All Out.”

The article reports:

While by no means illegal; lawmakers are exempted from the insider trading laws they impose on private traders. But the timing of the trades is certainly suspect, especially given Emanuel’s service on the board during the time period for with the federal government was investigating the actions of Freddie Mac executives.

Why are lawmakers exempted from the insider trading laws they impose on private traders?

The beginning of cleaning up Washington, D. C., might be to make all lawmakers and office holders subject to the laws they pass. Wouldn’t that be a really good idea?

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