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Reminder: Join us live this Thursday at 6pm CT for Happy Hour with Hightower!
If you’re ever asked to define the word oxymoron, just say, “Congressional ethics.” People instinctively burst out guffawing at the absurdity of linking Congress to upright behavior.
But, surprisingly, Republican congressional leaders say they’re now taking a bold stand for a little less corruption among their own members, targeting lawmakers who’ve been secretly enriching themselves through “insider stock trading.” Actually, the leaders were forced to support this bit of reform because of public outrage over the dirty dealing of Rep. Rob Bresnahan. This multimillionaire Republican was caught using his insider position last year to profit from the GOP’s gutting of Medicaid benefits for poor people.
So, last month, the party’s designated ethics watchdog, Bryan Steil, rose on his hind legs to introduce the Stop Insider Trading Act. “If you want to trade stocks,” Steil howled in operatic outrage, “go to Wall Street.”
Bravissimo! Except it was a fraud. Far from stopping the self-enriching stock scams of lawmakers like Bresnahan, Steil’s bill basically legalizes their corrupt transactions. For example, members could keep trading stocks in corporations they supposedly oversee. And, in the loopiest of loopholes, sneaky lawmakers are authorized to have their spouses buy and sell stocks on the member’s behalf.
Then, showing his party’s true colors, Steil exclaimed that we outsiders should not even push Congress to pass an honest, outright ban on insider trading – because that would discourage wealthy business executives from choosing to enter “public service.”
Hello, that gives us two reason to demand a ban – (first) to impose a minimal ethical standard on lawmakers, and (second) to shoo off self-serving monopolists and plutocrats from controlling the public’s agenda.
Do something!
If you’re fed up with rigged congressional systems of corruption, check out Citizens For Responsibility and Ethics in Washington (CREW), who call Steil’s act a “joke,” and are working to pass the Restore Trust in Congress Act.
Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
By Jim Hightower4.8
338338 ratings
Reminder: Join us live this Thursday at 6pm CT for Happy Hour with Hightower!
If you’re ever asked to define the word oxymoron, just say, “Congressional ethics.” People instinctively burst out guffawing at the absurdity of linking Congress to upright behavior.
But, surprisingly, Republican congressional leaders say they’re now taking a bold stand for a little less corruption among their own members, targeting lawmakers who’ve been secretly enriching themselves through “insider stock trading.” Actually, the leaders were forced to support this bit of reform because of public outrage over the dirty dealing of Rep. Rob Bresnahan. This multimillionaire Republican was caught using his insider position last year to profit from the GOP’s gutting of Medicaid benefits for poor people.
So, last month, the party’s designated ethics watchdog, Bryan Steil, rose on his hind legs to introduce the Stop Insider Trading Act. “If you want to trade stocks,” Steil howled in operatic outrage, “go to Wall Street.”
Bravissimo! Except it was a fraud. Far from stopping the self-enriching stock scams of lawmakers like Bresnahan, Steil’s bill basically legalizes their corrupt transactions. For example, members could keep trading stocks in corporations they supposedly oversee. And, in the loopiest of loopholes, sneaky lawmakers are authorized to have their spouses buy and sell stocks on the member’s behalf.
Then, showing his party’s true colors, Steil exclaimed that we outsiders should not even push Congress to pass an honest, outright ban on insider trading – because that would discourage wealthy business executives from choosing to enter “public service.”
Hello, that gives us two reason to demand a ban – (first) to impose a minimal ethical standard on lawmakers, and (second) to shoo off self-serving monopolists and plutocrats from controlling the public’s agenda.
Do something!
If you’re fed up with rigged congressional systems of corruption, check out Citizens For Responsibility and Ethics in Washington (CREW), who call Steil’s act a “joke,” and are working to pass the Restore Trust in Congress Act.
Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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