Money, Corruption, & Politicians


 

 

Money, Corruption, & Politicians

America has the best politicians money can buy

by Mustang

Here’s an interesting question: who would spend $25 million (mostly in donated funds) to keep a job that pays $194,000.00 annually?  Well, the $194-thousand salary is what Nancy Pelosi gets paid (annually) to serve as Speaker of the House.  $25 million is how much she averages in campaign donations every two years.  Actually, she raised $27 million, spent $21 million, retaining about $6 million in her war chest.

Well, of course, there are a few follow-on questions.  If Nancy Pelosi has a net worth of $120,000,000.00 — if she makes only $194,000.00 a year, then where is she getting her money?  I am asking because at her salary as Speaker of the House, she’d have to work for 618.5 years in order to accumulate $120 million.  Oh wait … maybe she’s a very wise investor, or lucky … or something else.

The Pelosi investment portfolio includes Facebook, Apple, Comcast, Shutterfly, and Walt Disney.  And a ton of real estate properties in downtown San Francisco, of course.  Plus, it might be interesting for some to know that, according to Steve Kroft ( 60 Minutes report in 2011) it was perfectly legal for members of congress to engage in insider investments — while normal folks (you and I) would have gone to jail for insider trading.  File this under the Politically Elite Exemption Provision of the U. S. Constitution (which I cannot seem to find a copy of).  

 

After Kroft’s airing of his report in 2011, Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act.  Only three members of the Senate opposed the act: Jeff Bingaman, Richard Burr, and Tom Coburn.  House Members who, at the time, were vulnerable to losing their seats in Congress overwhelmingly supported the bill (417-2).  So the question remains, how do members of congress — especially the veterans — who arrive in Congress next to poor, end up as millionaires?  In 2014, Nancy Pelosi was worth $74.2 million.  Seven years later, she’s increased her wealth to $120 million.

Obviously, some members of Congress were wealthy before arriving in Washington; it didn’t make them any poorer staying there for a few terms.  Pelosi’s wealth likely comes from her real estate holdings, which are substantial.  John McCain married into his wealth.  In 2010, 150 lawmakers claimed that most of their wealth came from investments — and we don’t exactly know how to define that.  

Could it mean, for example, backing a bill that generates kickbacks?  For instance, did Nancy Pelosi support any bills that materially benefitted Facebook, Apple, Comcast, or Walt Disney Enterprises?  Does she lease any of her properties to the federal government?

When the median household income in the United States is $65,000.00 (as of 2018), and Congressional salaries are $174,000.00 (for the regular member), can we really make the argument that members of Congress are looking out after John Q. Citizen?  Joe Biden is now earning $400,000.00 annually for serving as president.  On his first day at the office, he put between 70,000 and 100,000 Americans out of work.  Two things become apparent:

      1. Despite all the campaign rhetoric about looking after the American people, no member of congress or the White House really gives a damn about us.  All this nonsense about increasing the minimum wage does no more than shift the cost of increased wages onto the backs of consumers.  The Democrat’s demands for taxing the rich only increases the consumer’s cost of goods and services.  Biden can cause people to lose their jobs with a snap of his fingers, and for the rest of us, lower our disposable income by increasing the cost of gas and oil.  Democratic voter … thy name is Idiot.
      2. Members of Congress are not going to give up any of THEIR money to the poor.  I’m thinking Nancy Pelosi doesn’t eat McDonald hamburgers, but if you’re worth $120 million, who cares about the cost of a hamburger and fries?  

Unrelated: Donald Trump donated his $400,000 annual salary to charity, will Biden?  Never mind — I was just being silly.

The attitude among these political elites is basically this — don’t blame them because you weren’t smart enough to get elected to Congress.  The problem for America is, I think, that we have many levels of elitism going on simultaneously.  

Presidents, Governors, & Mayors; Congress members, state legislators & city councilmen; federal judges, state judges, & municipal judges — every one of them imagining that they’re better people than those who elected them.  Well, they may be better off that we are, financially, but they are hardly better people that most of us.

There are no sour grapes here — honestly.  I just think that before you elect someone to public office, someone who is willing to spend tens of millions of other people’s money to get a salary of $174,000 — maybe they don’t deserve your vote.  If it smells bad on election day, the odor won’t improve with time.

 

Mustang also blogs at Fix Bayonets and Thoughts From Afar

21 Responses to “Money, Corruption, & Politicians”

  1. MaddMedic Says:

    Money, Corruption and Politicians….And that’s all folks!! Tar, feathers and a rail would be appropriate…

    Like

  2. geeez2014 Says:

    MUSTANG: I have encouraged you for literally YEARS to get published in the MEDIA…..Now I’m going to encourage you to RUN FOR SOMETHING and MAKE A BIG STINK!! Though yes, I know, the media’d just view it as stinky. 😦 And without an honest media, we’re doomed.
    ( i know people who feel they’re informed who didn’t know about the Cuomo nursing home fiasco because they only watch CNN..>Apparently, THAT is ‘informed’) 😦

    Like

  3. peter3nj Says:

    Well Mustang considering our elected men and women have most of the money. We’re Willie Sutton in business today he’d be robbing congress because that’s where the money is.

    Liked by 2 people

    • Mustang Says:

      What keeps playing inside my head are the scenes from the Frankenstein films, where millions of villagers descended on the Frankenstein Castle with torches and pitchforks and stuff. Do we not know where these corrupt politicians live?

      Liked by 2 people

  4. Bill Heffner Says:

    Not to rain on your parade, but with the Fed’s MMT running in high gear and all of the “Quantitative Easing” they have been doing, anyone with $74 million in 2014 is worth at least $120 million today. It’s called “asset inflation” and it’s what happens when the working class doesn’t have any money and the government is printing money like crazy and giving it to rich people.

    Liked by 5 people

  5. markone1blog Says:

    I realize that, unlike Sean Hannity and others of his notoriety, us peons generally hide in the corners just by not having expansive followings; however, have you upgraded your cloaking prior to publishing this?

    Liked by 4 people

  6. hocuspocus13 Says:

    Let us not forget the other wonderful deeds of O’Biden

    Did you know Biden erased President Trump’s EO for the price of Insulin

    Under President Trump the American People paid $60 per month for their musch needed & life saving Insulin

    Under Biden the American People now pay between $500 to $2000 per month

    And remember that Death Tax that President Trump got rid of so the kids could inherit the Farm after Mom & Dad passed away

    Well … It’s back under Biden

    As Biden’s gang lay in wait for the kids not to be able to afford that Death Tax & they can swoop in & steal the Farm under the O’Bidens America Last Policies

    Liked by 4 people

  7. bunkerville Says:

    Now even when the corruption becomes widely known there are no consequences. Whatever moral outrage there might have been is long gone. The saddest part of this whole nasty. business.

    Liked by 4 people

  8. nrringlee Says:

    The fundamental problem is this: The People are asleep. The People are asleep because they have been lulled in to a sense of complacency by a progressive public education system and a mass media that is the world’s greatest propaganda mill. Critical thinking is dead. History is dead. Religion is dying. philosophy is dying. With all of that mortality happening simultaneously the family, communities and the republics have little chance to maintain a Constitutional Republic. The words ‘if you can keep it’ come to mind. Authoritarian and totalitarian ideologies have poisoned our pond. Active resistance and active push back is the only answer.

    Liked by 5 people


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: