The Ultimate Insider’s Club

Throughout its history Congress has had plenty of moments that are cringe-worthy and fully deserving of the American people’s contempt. Most of us fundamentally understand that despite the fact that Congress is elected to represent us, they are NOT us. Why do I say that? Because they are supposed to be held to a higher ethical standard but it often appears that they are not required to follow the same rules as everyone else. Case in point: the revelation that insider trading — the very same thing you and I can be arrested and imprisoned for — is something that is perfectly legal for members of Congress. WTLF? Huh? Really?

Members of Congress can legally trade shares in companies based on information to which the general public is not privileged enough to have access. It’s bad enough knowing that Congressional representatives have job perks that most of us can only dream about especially since their inertia is keeping many people unemployed but having the ability to unfairly line their pockets is enough to make my arse itch annoy me. To be clear, it doesn’t bother me that they have plenty of job perks (how many normal people would want to subject themselves to persistent public scrutiny without perks?); it bothers me that so many representatives do so little to earn those perks and often do the opposite of what their sane and fair constituents want. The STOCK (Stop Trading on Congressional Knowledge) Act is legislation that has been presented to curb our legislators from taking advantage more than they usually do of their position of power. It was introduced by Senator Gillibrand (D, NY) but hasn’t received full support from all of her colleagues. What a big shock!

It makes me choke with disgust laugh when I hear that there are representatives who seem so clueless as to why the public has so little faith in them. I find it surprising that they have to be told that accountability and transparency is a good thing — but I’m never surprised by their hypocrisy and consistently self-serving behaviour. Sheesh!!

A good House (and Senate) cleaning is long overdue.


Trackbacks

  1. The Real War says:

    […] Instead of helping, they come up with ridiculous notions like ‘personhood‘. While Congress has full health care coverage, they let the idea of universal health care languish — they fight tooth and nail to deny the […]

  2. […] exactly, does it take for Congress to get off their collective arses and do something for their constituents — rather than just […]

  3. […] The 1% will just move all of its money overseas. How could they be stopped? They’ve got the government right in their pocket. So there goes roughly half of America’s […]

  4. […] of change happening in Washington, it is encouraging to see people rising up collectively to force Congress to suspend an anti-piracy law decision and also to bring a large organization to it’s knees […]

  5. […] In other words, it’s still the economy. Until we are ready to deal with the underlying issues that allowed Wall Street to run amok and unchecked, we run the risk that we are likely to face this type of collapse again. The actions that caused damage to the global economy have been examined but not enough has been done to correct the fundamentals and, just as important, punish those who gambled with the nation’s financial stability. […]

  6. […] USA PATRIOT Act was enacted by Congress on October 26th, […]

  7. […] Our Troops” mantra to further their own goals over the past decade, it seems that the least Congress can do is support these efforts. We know they won’t support anything and I do mean […]

  8. […] forward other than a swift kick in Congress’ arse to pass the American Jobs Bill?Maybe Congress will step up — after all, Congress is comprised of representatives for “(We) the […]

  9. […] These days, trying to get this do nothing bunch of loafers known as Congress to pass an act that would be considered both an attempt at problem-solving and an expansion of the federal government’s reach would be challenging; Congress delivering legislation aimed at something such as poverty reduction would be an amazing act of bipartisanship. […]

  10. Pill Popping says:

    […] action committees since 2001.* This amounts to nearly three quarters of all industry donations to current Senate members and it doesn’t appear to be changing any time soon due to, in part, the power of the […]

  11. […] to a beachfront home, nor is it as burdensome as determining how many lobbyists are needed to find congressional members willing to sell their souls. His particular problem is about image; it’s about how he looks […]