In 2015, then-presidential candidate Donald Trump infamously referred to our nation’s capital as “The Swamp.”
The Swamp is such a perfect name for Washington, D.C. because it perfectly depicts how corruption is so ingrained in our government – almost like it is and will always be part of the program.
But despite how normal it may seem in Congress, Nancy Pelosi’s latest comments revealed just how deep the Swamp in Washington, D.C. really is.
During a recent press conference, Speaker Pelosi was asked if Members of Congress should be barred from trading individual stocks, while serving in Congress, to which she replied, “We are a free market economy. They (referring to Congress) should be able to participate in that.”
You see, it’s one thing for a politician to put their own interests ahead of their constituents, but it’s another thing entirely for one of the most powerful individuals in our federal government to defend the practice.
19th-century British politician Lord John Dalberg-Acton once famously said, “power tends to corrupt and absolute power corrupts absolutely.”
And sadly, there is no clearer example of this than in our own nation’s capital of Washington, D.C.
News outlets and ethics watchdogs have identified fifty-two Members of Congress, including several prominent Democrats like Senator Dianne Feinstein, Senator Mark Kelly, Rep. Debbie Wasserman Schultz, and Rep. Cindy Axne, who’ve failed to properly report their financial trades as required by the Stop Trading on Congressional Knowledge Act of 2012, a.k.a. The STOCK Act.
Nancy Pelosi herself has made millions and millions of dollars from the buying and selling of Big Tech stocks such as Microsoft, Netflix, Facebook, Apple, and Alphabet, Google’s parent company.
And apparently, it’s become such a problem that Senator Jeff Merkley introduced a bill to ban Members of Congress and their staff from dealing in the stock market while in office, which has gained bipartisan support from House Republicans like Reps. Matt Gaetz and Michael Cloud.
Unfortunately, it is unlikely that Sen. Merkley’s bill will ever be signed into law because if at least fifty-two Members of Congress have been caught, there’s probably a lot more who haven’t been caught.
And until such a reform is enacted, it’s even more unlikely that the Washington, D.C. Swamp will ever truly be drained.
Stay tuned to Right News Wire for more updates on this ongoing story.