Tuesday, April 16, 2013

How do politicians become so wealthy?

There wasn’t even an official vote, Friday. Congress just unanimously sent the bill to Obama’s desk, as the Senate had already done the day before.

But first some background. Perhaps you are old enough to remember all the way back to March 22, 2012. That was when Congress passed what Senator Joe Lieberman called “the most significant ethics legislation in at least five years.” NPR quoted him:

“I mean, here’s a case where a problem was identified that cut directly to the public’s faith in their elected representatives. We dealt with it quickly and on a bipartisan basis in both houses of Congress.”

The “case” Lieberman mentioned was a 60 Minutes story revealing insider trading and other corruption lining the pockets of Congressmen and other people in he STOCK Act was only opposed because it wasn’t strong enough. They passed a severely weakened version of the bill. But not weak enough.

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