When did she buy it? According to her it was in January. Its selling for 127 a share now, it was briefly 128 in February but overall its about 20 percent above average share historically.
You have to admit it is very poor optics. She is already the wealthiest person in congress, by some reports. Things like this, especially when you are running for reelection of sorts (she was given the Senate seat), is not a smart move. Especially since Georgia is no longer a reliable Republican state and is starting to trend purple.
That benefitted businesses, in particular big businesses, more than anyone else.
And who owns stock in the businesses that benefitted big time from those tax cuts?
Most Republican senators.
Most Democrat senators also owned stocks in many businesses, but they all voted no.
If you want to be cynical, you could say that was safe to do because they knew the Republicans had enough votes to carry the measure, so they’d still benefit from the tax cuts while covering their butts.
Mamas, tell your children - go into politics. You’ll be set for life.
Chairman of the Senate Intelligence Committee. Member of the Gang of 8. One of the most informed members of Congress/Government. Daily classified briefings. But yeah, he totally relied on public reporting only from CNBC.
That’s all well and good. But the Burr situation and the Feinstein situation are apples and oranges.
Feinstein’s husband had been selling shares of one single company, and had been for weeks prior to the COVID-19 situation, and continued to do so afterwards. Some of the stock sold was even sold at a loss.
Burr on the other hand, sold virtually his entire net worth of stocks while at the exact same time writing op-ed pieces for Fox News talking about how all is well and the economy is strong and there is nothing to worry about. He did not begin selling these stocks until immediately after receiving a series of classified briefings on COVID-19.
If you were to ignore the letters behind their names, which situation do you find more troubling?
Why did you leave out the very next sentence about the Democrat senators covering their butts because they knew full well the measure would pass and they would get their benefits as well, while conveniently voting against it to save face among their constituents?