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House Democrats to propose ban on lawmaker stock trading – report

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Re: House Democrats to propose ban on lawmaker stock trading – report

#41

Post by paulgb »

arcticbull wrote: post #28
morninglight wrote: post #17

Let's get real... *** TERM LIMITS *** .

I don't really get the appeal. We don't term limit anyone in any other job, generally we believe tenure and experience corresponds with competency. Would you accept a term limit for a software engineer? Of course not. Your value to an organization, your ability to be effective, to do good work, increases the longer you stay. You're good, you stay. Term limits feel tantamount to demanding a lawmaking body comprised en…

> We don't term limit anyone in any other job

Moreover, lawmaker is the only job you have to re-interview for every 2-6 years.

I personally wish there was more turnover of a few long-standing incumbents who have managed to cling to power for decades, but the voters apparently don't, and adding term limits won't magically make the voters pick the people I'd rather see in those positions.

Re: House Democrats to propose ban on lawmaker stock trading – report

#43

Post by yieldcrv »

cronix wrote: post #30
yieldcrv wrote: post #11

Make sure it includes their spouses or the marital unit.

It's literally the first text and bullet point in the article: > Democrats in the House of Representatives will propose a ban on lawmakers, their spouses and senior staff from trading stocks, Punchbowl News reported Thursday.

the point is that I didn't read it, good thing I follow cronix who reads the articles so I don't have to

Re: House Democrats to propose ban on lawmaker stock trading – report

#45

Post by tenpies »

_fizz_buzz_ wrote: post #31
encryptluks2 wrote: post #21

Earlier quoted context omitted.

Quoted post unavailable.

This needs a big [citiation needed]! Why would you throw such serious accusations around without a source?

Is this not common knowledge?

Pelosi is a fantastic fund manager. If she weren't a politician she would crush almost every fund manager out there.

You really have to be a die-hard Democrat to even pretend that it's a coincidence.

See: https://unusualwhales.com/i_am_the_senate/pelosi

Re: House Democrats to propose ban on lawmaker stock trading – report

#46

Post by ckardat123 »

encryptluks2 wrote: post #21
livinglist wrote: post #18

I don’t know why this hasn’t been proposed sooner? Or was there any attempt before this?

Quoted post unavailable.

Pelosi's Nvidia sale was timed poorly. $NVDA is up about 8% in the two days since they sold.

Re: House Democrats to propose ban on lawmaker stock trading – report

#47

Post by ckardat123 »

tenpies wrote: post #45
_fizz_buzz_ wrote: post #31

Earlier quoted context omitted.

This needs a big [citiation needed]! Why would you throw such serious accusations around without a source?

Is this not common knowledge? Pelosi is a fantastic fund manager. If she weren't a politician she would crush almost every fund manager out there. You really have to be a die-hard Democrat to even pretend that it's a coincidence. See: https://unusualwhales.com/i_am_the_senate/pelosi

The comment above is plainly false though.

Pelosi's sale of Nvidia was timed incredibly poorly, if the goal was to avoid short-term price movement around the CHIPS Act news. $NVDA is up about 8% in the two days since the sale.

Re: House Democrats to propose ban on lawmaker stock trading – report

#48

Post by willcipriano »

danaris wrote: post #33
tootallgavin wrote: post #29

Earlier quoted context omitted.

So should all politicians receive money exclusively from lobbyists/donors? Or I guess they should go get paycheck jobs somewhere? Where does a politicians money come from? If they exclusively received their money from stock trading as opposed to lobbyists/donors, how do you think the policy decisions would change?

....They get a salary? It's not huge, by rich-people standards (which is a legitimate concern, as it does lead to very rich people being more able to take politician jobs than regular people), but, what, you thought they relied on graft to buy their dinners??

It is huge by the people they are supposed to govern standards though. It would be a raise to virtually everyone except the top 1% of people in terms of household income. They also receive top of line medical care and retirement benefits in addition to the salary. The salary isn't preventing poor people from becoming elected officials.

Re: House Democrats to propose ban on lawmaker stock trading – report

#49

Post by encryptluks2 »

ckardat123 wrote: post #46
encryptluks2 wrote: post #21

Earlier quoted context omitted.

Quoted post unavailable.

Pelosi's Nvidia sale was timed poorly. $NVDA is up about 8% in the two days since they sold.

Here is the story:

https://www.marketwatch.com/story/house-to-vote-thursday-on-...

When you see the CHIPS socialism for the rich act stall, and ultimately NVIDIA will be affected and NVDA goes down below that.. what is a couple days ultimately, if you get out ahead of a much larger drop?

Re: House Democrats to propose ban on lawmaker stock trading – report

#50

Post by encryptluks2 »

colinmhayes wrote: post #40
encryptluks2 wrote: post #21

Earlier quoted context omitted.

Quoted post unavailable.

Nvidia isn’t benefiting form the chips act, so this makes no sense.

I think it is silly to say they don't benefit from it just because they aren't directly getting handouts. Many suppliers would benefit even if they were not handed the money directly.
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