Category Archives: senate
Senate Stock Market Tycoons
White House and Senate agreed to a $2 trillion stimulus deal for the economy. And the economy likes it. The Dow shot up 11% for its best day since 1933.
Speaking of stocks and Senators, some senators dumped stocks just before Corona virus market meltdown.
Senate Stock Market Tycoons
Here’s Professor Jonathan Turley writing in The Hill:
Senators Richard Burr, Kelly Loeffler, James Inhofe, and Dianne Feinstein together are responsible for as much as $11 million in recent stock sales. It turns out that many lawmakers become market investment geniuses after they enter Congress. A University of Memphis study found that 75 percent of randomly selected members had made “stock transactions that directly coincided with legislative activity.” A Georgia State University study noted that, from 1993 to 1998, senators beat the stock market by 12 points with their portfolios and outperformed “corporate insiders” by 8 points.
Senator Threatens Supreme Court Justices
Senator Chuck Schumer was feeling it at an abortion rights rally outside the Supreme Court. So he threatened two justices by name. Here’s what he said:
“I want to tell you, Gorsuch! I want to tell you, Kavanaugh! You have released the whirlwind, and you will pay the price. You won’t know what hit you if you go forward with these awful decisions.”
Chief Justice Roberts was having none of it, and he rebuked Schumer:
“Threatening statements of this sort from the highest levels of government are not only inappropriate, they are dangerous.”
So Senator Schumer apologized. Kind of:
I shouldn’t have used the words I did, but in no way was I making a threat. I never — never — would do such a thing.
Caucus Clown Car at Senate Impeachment Trial
Senate impeachment trial hostages Sanders, Warren and Klobuchar face a dilemma. Closing arguments are tomorrow, but so are the Iowa Caucuses. And the final vote on whether to toss Trump is Wednesday.
More Caucus Chaos
And the Des Moines Register further complicated things by canceling the release of its “gold standard” poll Saturday night. Somebody left Pete Buttigieg out as a possible preferred candidate.
Meanwhile, back in Washington, the president delivers his State of the Union speech on Tuesday.
And, since the Senate voted 51-49 to block more impeachment trial witness testimony on Friday, Republicans now say they have the votes to acquit on Wednesday.
Ballot Box Can’t be Trusted, Says Adam Schiff
Adam Schiff made the case against democracy at the Senate impeachment trial last week.
A rigged election? In that case we have to impeach Trump before he wins again.
It takes a Village
Reminded me of the Vietnam quote, “It became necessary to destroy the village to save it.“
Pelosi Impeachment Procession
House Speaker Pelosi dispatched a procession to the Senate to deliver a 1,426 word leather-bound document containing articles of impeachment. The Speaker and her acolytes hope to frogmarch President Trump out of the White House.
But, as The Washington Post reports:
For all the pageantry, both Johnson and Clinton’s impeachments ended in acquittal. Trump’s probably will too…
