Biden calls for ban on congressional stock trading
Biden calls for ban on congressional stock trading
President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It's the first time he's publicly backed the idea.
Right when he's completely useless, he pushes for this. Pathetic and disingenuous.
You're days away from the end of your entire run and now we grow morals.
This is like those old racist folks on their death beds trying to make amends to anyone and everyone in their final days.
You just never looked into what they're really doing, and for some reason media isn't keen on reporting all the good proposals and legislations they were doing, I wonder why.
This administration was the best one in centuries, both in terms of legislation and in terms of administrative work. The only question they aren't good on is Palestine, and incidentally it's the only thing that media suddenly cares about, I wonder why(2).Oh come on, don't give these sandbagging stooges more credit than they deserve. The only reason what you're saying doesn't sound quite as batshit insane as it should is that we haven't had a government that prioritizes the working class even close to as much as the rich since WWII. Biden isn't terrible compared to his peers but his peers have all been sucking the same corporate dick for so long that no one young enough to know what Lemmy is have ever experienced anything else. Calling that greatness is not being objective it's just a lack of imagination.
Because the media is owned by Republicans
This administration was the best one in centuries
Stop expecting progressives to buy this just because you love the slide to the right.
Correctly identifying a problem while doing nothing that could possibly change it.
That's Joe's legacy, I guess
It’s a little late for that.
Don't worry. Whenever Biden calls for doing something, centrists will uncritically treat it as an accomplishment.
There are still centrists who falsely insist that Biden rescheduled cannabis.
In the month he has left in office?
This is just a fucking PR stunt and won’t go anywhere.
If it reveals GOP hipocracy on how they treat Pelosi vs their own stock traders, then maybe a little PR would do a lot of good.
The ball is in Republican court, money where their mouth is, the DNC is ready to ban stock trading for its members even if it means expulsion of Nancy Pelosi who married a stock broker decades ago.
Yeah, NOW he wants. The last 4 years wasn’t time enough to get this done.
Fuck off.
Or any time in like the 40 years he was in congress….
Or when he had the ear of the president from 2008-2016 as VP.
He couldn't and didn't pursue this when he wasn't a lame duck. Get real on that fixing your legacy in a month thing
Please describe how he has been a lame duck president. Given he represents a party that is outnumbered in the Senate. And let's table the Israeli/Palestine conflict since this forum of discussion doesn't really work well for full history and geopolitical strategy history lessons.
All presidents become lame ducks after their last election but before the next president takes office.
Just using it for a temporal reference as he's out of time in his presidency. Any other meaning not intended.
Useless gesture that will never ever get passed. Thanks Joe.
"Look he said he was against something bad, that's just as good as getting rid of it! Is nothing good enough for you?!"
how selfish of you not to blindly and emphatically support the person who is pretending to be on your side!
Jesus Christ Joe, are you trying to take food from their children's mouths? How dare you sir, insider trading is the only real perk they get...well Healthcare and insider trading.
Thanks for nothing dipshit.
Making the calculated decision to do this not only in his lame duck period but also right up against Christmas and before the new congress is sworn in on Jan 3. So brave.
Honestly this is more of an insult than helpful for those of us who actually want to see this happen.
it says, "we acknowledge your concerns and will continue to do it because you're helpless to stop it"
Destroy Wall Street. Literally remove it brick by brick if you have to. That cancer is killing us all and we're all tied to it.
im sure congress will get right on the thing that literally makes them all wealthy, and theyve made sure to enshrine as a-ok in their own rules.
Why wait until the last possible second to go for this? What a complete knob
Next up, he'll try to introduce a bill that states free healthcare for all, paid through the taxes. Everyone wants it, but nothing will come of it, because America will be a fascist country in about a month. Good luck, America!
Four years too fucking late, asshole
Pelosi won't let that happen.
You could have pushed for it when there was actually an attempt to make that bill (before Pelosi killed it, she repaid you by pushing you out).
Fuck Joe Biden.
I feel like if you want to hold government office you should 1. Give up all your wealth. 2. In exchange for this, you get a rock solid $500,000 salary. This isn’t because you are an elite, this is because paying you well makes it harder to bribe you. 3. When you lose your seat or step down, you can never work again in your life. This is to prevent you from ever taking on a lobbying job or otherwise using your power to enrich yourself and influence government for special interests. In exchange for this, you can take 80% of your salary that you had while in office until you die.
These changes hopefully would give office holders enough personal financial security to focus on making decisions without being influenced by external money.
We don't need to bribe them to do their jobs. We need to make them afraid of what will happen to them if they don't.
It's both. Otherwise noone would be dumb enough to do such a high profile, high stress, and apparently low paying job. I do want the smartest, hardest working and best people leading my country, not some random guy would couldn't get a better job.
Actually, the word is that there is a bipartisan bill moving though Congress to prohibit stock sales. Crazy, right? Anyway, this is just Biden saying he'll sign it.
Well guess who makes laws on stock trading?
🙃
Fox News actually covered this for about 2 minutes and their talking points were as follows:
- HuNTeRs LaPToP ThO! HIPOCRIT!
As if congress is going to bring up a bill that would restrict one of the quickest ways to make money for themselves.
Give them all 401ks like most people get.
LET'S GOOOO!!
Ignoring how long it took, big ups joey b
Hahaha. Good one.
Wow. This guy was everyone's hope?
No
you must not be very tuned in. we only voted for him because he was running against Trump.
He's electable if you vote for him.
Take what you can get. Bitching about how you got there isn't helpful.
I can hear Michael Cole from WWE:
Vintage Biden
It's funny how much tankies run this community. Very different from Reddit.
Do you honestly consider anyone criticizing Biden from the left to be a "tankie"?
I'm not sure how much in the loop you are with USA politics, but Biden, just like every public facing member of the two party system, is a representative of private interests. The democratic party is incorporated, just like the republic party.
It only makes sense that a tankie wouldn't be in support of a figure head of corporate interests.
It takes a special kind of stupid to think much of anything on .world is run by tankies.
I'd be fine with congressional stock trading if congress members were required to immediately report trades instead of the 45 days or so they are currently legally required to
Nah, they already got their money by then. Their trades go through first then everyone else's? And prereporting trades is ripe for stock manipulation. They should not be able to personally manage a portfolio and imho insider trading should carry hefty corruption penalties for congress.
I'd only be okay with it if those trades were reported and published publicly within the hour of the trade.
Let everyone benefit from inside trader or do the right thing and make everyone subject to the law.
If they wish to invest, it should be in a fund that is managed for them by people without insider knowledge.
