They have been the public so long about there actual intentions of wanting to serve in public office, they actually believe their own lies.
I don’t think that there are many other industries where we have such a degree of deceptiveness exists as we see in politics. The private sector could not exist with the way politics operates. Poor performance and misrepresentation is the recipe for disaster.
Why do I call politics an industry? Because it has become a very big business that has produced more millionaires and billionaires, possibly more than any other field I can think of, except possibly the bandits from Wall Street and in the Valley. It is a close toss up.
As you will see in the interview between news correspondent Steve Kroft, Ira Rosen and Gabrielle Schonder, they hit the nail right on the head. Few of them are doing it for the salary and all of them will say they are doing it to serve the public.
When some of these professional parasites go into public office they have to cut out a piece of cardboard and put it inside of their shoes because there is a hole it the sole. Not in their soul, the sole of the shoe. When they leave office, if they ever do, after ingratiating themselves, their families and cronies to the hilt, they have a closet full of 1953 Horsebit Crocs made by Gucci that go for around $ 2,600.00 a pop. And the price of poker only goes up from there.
There are so many perks and financial advantages that come with the territory of being a politician that does not apply to the average Joe Blow citizen it is shameful. The crooks write the laws and then go to the well and collect.
One of the biggest advantages/perks congress had for years was insider information on the stock market or other avenues that gave them advanced or privileged information that no one else could get. For the working slobs in this country, it is illegal to obtain or possess that information but for congress, it was provided to them.
This does not have to be at the highest level of government, it can be a councilman from a small city in Bow Dunk Idaho.
They hear through the grape vine that there is going to be a freeway extension built onto a piece of property where some old run down farm house has been sitting idle for years.
The councilman give this inside information to his cousin who snaps up the property for peanuts. When the freeway details are put into development, the cousin sells the property and makes a million,; he and his cousin the councilman split down the middle. It happens everyday.
The following is an example that is just the tip of the iceberg. The name of the game didn’t change, it only got worse.
The following is a script of “Insiders” which aired on Nov. 13, 2011. Steve Kroft is correspondent, Ira Rosen and Gabrielle Schonder, producers.
The next national election is now less than a year away and congressmen and senators are expending much of their time and their energy raising the millions of dollars in campaign funds they’ll need just to hold onto a job that pays $174,000 a year.
Few of them are doing it for the salary and all of them will say they are doing it to serve the public. But there are other benefits: Power, prestige, and the opportunity to become a Washington insider with access to information and connections that no one else has, in an environment of privilege where rules that govern the rest of the country, don’t always apply to them.
Most former congressmen and senators manage to leave Washington – if they ever leave Washington – with more money in their pockets than they had when they arrived, and as you are about to see, the biggest challenge is often avoiding temptation.
Peter Schweizer: This is a venture opportunity. This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family.
Peter Schweizer is a fellow at the Hoover Institution, a conservative think tank at Stanford University. A year ago he began working on a book about soft corruption in Washington with a team of eight student researchers, who reviewed financial disclosure records. It became a jumping off point for our own story, and we have independently verified the material we’ve used.
Schweizer says he wanted to know why some congressmen and senators managed to accumulate significant wealth beyond their salaries, and proved particularly adept at buying and selling stocks.
Schweizer: There are all sorts of forms of honest grafts that congressmen engage in that allow them to become very, very wealthy. So it’s not illegal, but I think it’s highly unethical, I think it’s highly offensive, and wrong.
I would like to know why it was not illegal for the politicians to have access to that information but that same advantage for Joe Blow Citizen is taboo?
Steve Kroft: What do you mean honest graft?
Schweizer: For example insider trading on the stock market. If you are a member of Congress, those laws are deemed not to apply.
Kroft: So congressman get a pass on insider trading?
Schweizer: They do. The fact is, if you sit on a healthcare committee and you know that Medicare, for example, is– is considering not reimbursing for a certain drug that’s market moving information. And if you can trade stock on– off of that information and do so legally, that’s a great profit making opportunity. And that sort of behavior goes on.
Kroft: Why does Congress get a pass on this?
Schweizer: It’s really the way the rules have been defined. And the people who make the rules are the political class in Washington. And they’ve conveniently written them in such a way that they don’t apply to themselves.
In what other occupation do we know of that the people write their own meal tickets? They make and pass the laws to ingratiate themselves.
A few years ago when the government was going to shut down, congress passed an emergency bill to assure that their pay would not stop during the shut down period. How do you like those pomodori’s??
They must all be related to the captain of the Costa Concordia. He could be heard screaming from 5 miles away as his ship was sinking; abbandonare la nave ognuno per sé.
The buying and selling of stock by corporate insiders who have access to non-public information that could affect the stock price can be a criminal offense, just ask hedge fund manager Raj Rajaratnam who recently got 11 years in prison for doing it. But, congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to non-public information and plenty of opportunities to trade on it.
Schweizer: We know that during the health care debate people were trading health care stocks. We know that during the financial crisis of 2008 they were getting out of the market before the rest of America really knew what was going on.
In mid September 2008 with the Dow Jones Industrial average still above ten thousand, Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were holding closed door briefings with congressional leaders, and privately warning them that a global financial meltdown could occur within a few days. One of those attending was Alabama Representative Spencer Bachus, then the ranking Republican member on the House Financial Services Committee and now its chairman.
In public view, the politicians chop each-other up into bits, especially around election time. In private, as we saw in the article, they cover for one another before and after like a den of thieves.
When they see that the market is going to take a beating, like with 911, these parasitic policy makers tell the public to be good citizens and hold on to their investments while all of them and their Ma Ma are selling everything they have.
Just in the name of fairness; I would estimate that there may be 10 -15% that are real patriots and believers and maybe that is stretching it. But as we know; when a person sleep with a dog, they usually get flees. It is very difficult for the few honest ones to maintain any sense of integrity.
There are so many examples of such piracy they are too many to list. This is another one involving Nancy Pelosi that happened in 2011.
According to reports, former House Speaker Nancy Pelosi bought stock in an initial public offering that earned hefty returns while she had access to insider information about pending legislation likely to impact those values. Additionally, just days after a private committee briefing during the 2008 financial crisis, Spencer Bachus purchased stock options that proved quite profitable through the downturn. The irony that Mr. Bachus is currently the chairman of the House Financial Services Committee is palpable.
When a person of her sub-caliber can hold an office such as Speaker of the House; anyone with 1/4 of a brain has to know it was not her qualification that put her there but it is political payback.
I don’t know how many people are aware of the fact that the Speaker of the House is # 3 in line for the presidency. Hypothetically; if something happened to the prez and the VP where they were incapacitated; the Speaker would sit on the throne. Pretty sad when it is presented in that manner.
I can not under any circumstances envision that someone like Nan could ever lead this country or for that matter even a Girl Scout troop.
We have to know, that the vast majority of these appointments are to repay backs extended for donations/favors somewhere in the past.
In 2015, 51% of the people in congress were millionaires, some close to being billionaires and the others are beating a path in that direction.
Take notice where the bulk of their $$$$ came from on the diagrams. A great percentage of it is in; you got it, investments.
I will always fall back on the cliche I came up with a few years ago as to what is the oldest occupation. They say; prostitution is the oldest occupation in the world; I say a politician was her pimp.
The fact of the matter is that the majority of politicians are in it for themselves and could care less about the average citizen. We are just an inconvenience to them until election time comes around. That is the only times they come out of the closet to kiss the babies.