Glenn Beck tore into Rep. Nancy Pelosi (D-CA) and a whole slew of Congress members on both sides of the political aisle for getting “filthy rich” using “unusual” stock trading.
Americans assume they elect their leaders to go to D.C. to represent their interests, not to become millionaires via insider trading but that appears to be what is happening with some Congress critters getting as much as a 238% yearly stock return according to Beck.
“We wonder why people like Joe Biden and Nancy Pelosi stay in office forever. Why leave? There’s too much money to be made — but not for the average American,” Blaze Media noted.
“American families are struggling more today than they have in a very long time, but guess whose portfolios are not struggling? Members of Congress. Is that fair? Is that why we sent them to Washington?” Beck’s media outlet asked.
“Nothing can really prepare you for confronting these numbers face to face”: Blaze Originals host @jamespoulos on the shocking ARROGANCE of congress members like Nancy Pelosi, who insists she has NOTHING to do with her husband’s genius-level stock trades. #FilthyRich pic.twitter.com/0oIvknABPT
— Glenn Beck (@glennbeck) April 11, 2024
Beck bluntly asserts, “Our members of Congress have been compromised, and they are voting on policies that prefer their portfolios over their constituents.”
He ties the massive wealth accumulation of politicians to the plan by leftists to apply wealth redistribution in the United States. Beck refers to Karl Marx, the Bolsheviks, and Mao and compares their actions to our elected leaders when it comes to stealing from the masses and enriching the elite.
“Hillary Clinton campaigned on creating an ‘economy that works for everyone.’ The country’s largest progressive think tank, American Progress, has a policy plan for ‘building an economy for all.’ Moreover, former House Speaker Nancy Pelosi (D-Calif.) wants us all to know that ‘congressional Democrats will build an economy that works for everyone, not just the elites,’” Blaze Media noted.
“But who are these elites they keep talking about? Every time this rhetoric has been used in the past, whether that be in Russia, China, Cuba, or Venezuela, the elites became the people writing the laws. They were the ones that got rich,” the outlet pointed out also writing that the wealth redistribution that leftists push is a con.
The best Wall Street stock traders are NOT hedge fund managers or financial experts. They’re members of Congress. They claim there’s NO insider trading on Capitol Hill. BUT…a 238% yearly stock return is just a LITTLE unusual. #FilthyRich pic.twitter.com/KlwKT29x7N
— Glenn Beck (@glennbeck) April 11, 2024
The amount of money some politicians are making off the stock market while in office is simply unbelievable.
“There are experts who track the S&P 500 and the SPY ETF for a living. According to public records, however, certain individuals ‘out-experted’ the experts. One of these supposed financial geniuses saw a 238% return last year and beat out the experts at the SPY EFT by 200%. How is that even possible? What is this person’s secret?” Blaze Media asked.
“Others in this select group of trading gurus out-traded the SPY EFT by 40% at a minimum. Who are these financial gurus? Because I want to find out their secret. They must be a collection of financial geniuses doing crazy nerdy calculations,” the media outlet observed tongue-in-cheek.
And it’s not limited to Democrats. There are Republicans allegedly gaming the system as well to cash in.
(Video Credit: Glenn Beck)
“It turns out that these financial geniuses are none other than Brian Higgins (D-N.Y.), Nancy Pelosi (D-Calif.), and Dan Crenshaw (R-Texas) among other members of Congress. I know they hold the power of the purse, but I don’t think this is quite what the framers had in mind,” Beck wrote.
“How is Dan Crenshaw destroying the SPY EFT’s performance? Did they teach advanced stock trading during Hell Week in SEAL training? Members of Congress have gotten so good at picking stocks that people are now following their moves rather than hiring a professional stockbroker. You can find websites like this one that monitor Nancy Pelosi’s purchases. Who needs a professional anymore? Just copy the financial genius of your local congressman,” he snarked.
Pelosi is notorious for making a monstrous amount of money via the stock market while in office.
“ABC News in 2011 exposed how Visa attempted to bribe Nancy Pelosi as critical credit card legislation was being debated in Congress. It noted how Visa offered her an IPO while the bill was making its way through Congress,” Blaze Media stated.
DC is a cesspool of corruption.
— Christopher Vviona. DEPLORABLE UNION MEMBER (@ChristopherVvio) April 11, 2024
“Lawmakers, as it now stands, can hold private meetings with corporate representatives while legislation is being debated that could help or hurt them, giving lawmakers the opportunity to turn around and make stock moves based on that information. According to the same ABC News story, ‘This form of insider trading is one of the reasons why there are so many wealthy members of Congress,’” the outlet continued.
It’s an open secret that Congress members can get away with this. Regular Americans would go to jail for it but our political elites utilize a loophole.
“If you are a member of Congress, there is a loophole. … There isn’t a limit on lawmakers trading stocks based on classified information nor is there oversight regarding the trades that lawmakers are allowed to make based on other information they are privy to as part of their job,” Loyola University reported.
Nancy Pelosi, Mitch McConnell, Chuck Schumer, Dan Crenshaw, and many other members of Congress are getting filthy rich using the loophole and it’s legal. But it shouldn’t be.
Users on X are disgusted by politicians getting rich like this:
They’re all corrupt every last one of them.
— Ken Rush (@rush34690) April 11, 2024
We are electing and emboldening liars and cheats without moral compasses to take our money, and manage our country…it’s insane.
— Mytakeonit (@RDAck57) April 11, 2024
Nancy along with the rest of them believe they are entitled to have such information, the arrogance is pure entitlement
— KIP (@RHccm) April 11, 2024
And to think I used to fear a nuke hitting DC and decapitating our govt in one stroke.
— Kevinski (@KevininMO) April 11, 2024
Congress representatives should be banned from Trading while serving the public. Common sense.
Conflict of interest.— laurenzo Icahn (@lllaurenzo) April 11, 2024
How else can they become millionaires on $193,000 a year?
— Kathleen P (@kjkpelletier) April 11, 2024
We are so broken as a country. I don’t know what will break this political game up. They can double/triple their wealth but still can’t quite figure out how to balance a budget.
— Dan Silvers (Mr Ags) (@blackswampradio) April 11, 2024
This is what I’ve been saying, the people who make every wrong move when it comes to economy, infrastructure, foreign trade, foreign funding & most importantly, your money as a taxpayer, can’t get a single thing right until it comes to their own investments..then they rarely miss
— Herb Powell – (@Humanlty1o1) April 11, 2024
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Author: Terresa Monroe-Hamilton
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