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Stock Market
#1
Should Washington politicians be allowed to buy and sell individual stocks while holding office?   I say absolutely not.
#2
(04-17-2025, 04:06 PM)SEKYFAN Wrote: Should Washington politicians be allowed to buy and sell individual stocks while holding office?   I say absolutely not.
Wrong again. Washington politicians are U.S. citizens. U.S. citizens have a constitutional right to own property and stocks are property. They do not have a constitutional right to manipulate markets and profit from trading stocks while taking advantage of insider information.

Politicians should be barred from trading in stocks of companies over which they wield power. 

In practice, no law will prevent crooked politicians like Joe Biden and Nancy Pelosi from lining their pockets at taxpayers' expense. As long as millions of voters support crooked politicians, crooked politicians will continue to thrive.
#3
I agree with both of you in varying degrees, problem is who’s gonna police the police as the saying goes…. There’s rules against it that hasn’t stopped it….. I know Hoot doesn’t necessarily agree with it but term limits would help a lot imo….
#4
(04-17-2025, 10:33 PM)TD Hounds Wrote: I agree with both of you in varying degrees, problem is who’s gonna police the police as the saying goes…. There’s rules against it that hasn’t stopped it….. I know Hoot doesn’t necessarily agree with it but term limits would help a lot imo….
We don't have a politician problem. We have a problem with voter stupidity. Imposing term limits would require a Constitutional amendment, which I don't believe will ever make it to a vote. If a law is ever passed to limit terms, it will pass because members of Congress know that the Supreme Court will strike it down.

Members of Congress advocating term limits run neck and neck with those who advocate campaign finance reform for the title of top campaign scammers.
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#5
(04-17-2025, 07:58 PM)Hoot Gibson Wrote:
(04-17-2025, 04:06 PM)SEKYFAN Wrote: Should Washington politicians be allowed to buy and sell individual stocks while holding office?   I say absolutely not.
Wrong again. Washington politicians are U.S. citizens. U.S. citizens have a constitutional right to own property and stocks are property. They do not have a constitutional right to manipulate markets and profit from trading stocks while taking advantage of insider information.

Politicians should be barred from trading in stocks of companies over which they wield power. 

In practice, no law will prevent crooked politicians like Joe Biden and Nancy Pelosi from lining their pockets at taxpayers' expense. As long as millions of voters support crooked politicians, crooked politicians will continue to thrive.

There are certainly conflicts of interest and insider trading going on, but that's okay, just let the rich keep enriching themselves.  

It's odd that you value the Constitution when it comes to politicians abusing their power to get rich in the stock market, but you believe it's just fine for Trump to trample all over it with his executive orders.
#6
(04-18-2025, 04:59 PM)SEKYFAN Wrote:
(04-17-2025, 07:58 PM)Hoot Gibson Wrote:
(04-17-2025, 04:06 PM)SEKYFAN Wrote: Should Washington politicians be allowed to buy and sell individual stocks while holding office?   I say absolutely not.
Wrong again. Washington politicians are U.S. citizens. U.S. citizens have a constitutional right to own property and stocks are property. They do not have a constitutional right to manipulate markets and profit from trading stocks while taking advantage of insider information.

Politicians should be barred from trading in stocks of companies over which they wield power. 

In practice, no law will prevent crooked politicians like Joe Biden and Nancy Pelosi from lining their pockets at taxpayers' expense. As long as millions of voters support crooked politicians, crooked politicians will continue to thrive.

There are certainly conflicts of interest and insider trading going on, but that's okay, just let the rich keep enriching themselves.  

It's odd that you value the Constitution when it comes to politicians abusing their power to get rich in the stock market, but you believe it's just fine for Trump to trample all over it with his executive orders.
It's odd that you enthusiastically support the crookedest politicians in Washington while supporting bans on all politicians purchasing stocks. Voters like you are a bigger problem than crooked politicians. You are an enabler. 

Creating unconstitutional laws is never a permanent solution to any problem. Laws prohibiting members of Congress and federal regulators from trading stocks over which they have direct regulatory authority seems to be constitutional. A broad, outright ban on all Washington politicians trading stocks is nothing but silly talk. 

The best things you can do to fight corruption in Washington is to stop voting for and supporting crooks.
#7
(04-18-2025, 08:23 AM)Hoot Gibson Wrote:
(04-17-2025, 10:33 PM)TD Hounds Wrote: I agree with both of you in varying degrees, problem is who’s gonna police the police as the saying goes…. There’s rules against it that hasn’t stopped it….. I know Hoot doesn’t necessarily agree with it but term limits would help a lot imo….
We don't have a politician problem. We have a problem with voter stupidity. Imposing term limits would require a Constitutional amendment, which I don't believe will ever make it to a vote. If a law is ever passed to limit terms, it will pass because members of Congress know that the Supreme Court will strike it down.

Members of Congress advocating term limits run neck and neck with those who advocate campaign finance reform for the title of top campaign scammers.
I can’t disagree with this either, politicians will absolutely take care off themselves before taking care of anyone else….. What’s even more hypocritical is during the 4 years of untamed inflation, boys playing in women’s sports, and all the other crooked politics going on in DC I never once witnessed a democrat on here complaining about anything.  I don’t totally agree with Trump on everything but the things driving them absolutely bonkers brings a smile to my face….
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