The startling sum this Democrat made off insider trades being in Congress will have your blood boiling

It’s been decades since most politicians have given a damn about the people they supposedly represent.

But things are now so out of control that it’s become clear that the ruling class is selling out the country for their own personal gain.

And the startling sum this Democrat made off insider trades being in Congress will have your blood boiling.

Members of Congress claim “ignorance” even as they ignore transparency rules

Members of Congress are supposed to be in Washington, D.C., to do the bidding of the American people who elected them. 

But it’s been clear for years that many elected officials only care about one thing — enriching themselves. 

And in 2023, the lid was blown off the whole thing.

According to a report released by Business Insider last January, 78 Members of Congress had blatantly broken a law that was written to prevent them from trading based on their political insights.

Known as insider trading, it’s a law that saw celebrities like Martha Stewart go to prison for.

This is despite the fact that most of them made far less than politicians have from similar illegal activity.

The STOCK Act, which was supposed to stop members of Congress from insider trading, was signed into law in 2012.

Unfortunately, it only carries the penalty of a small fine for politicians. 

The law requires that our elected officials and their families disclose all of their personal financial holdings. 

But dozens of them have not complied, and many simply claim it is an honest mistake that was born out of ignorance. 

“They offer excuses including ignorance of the law, clerical errors, and mistakes by an accountant,” according to BI.

And they’ve continued to make millions of dollars off the “errors.”

Former Democrat Congressman earned over 200% return on stocks

At the beginning of 2024, Unusual Whales, an anonymous X account that tracks stock traders and publishes findings on social media, documented the power of insider knowledge in Congress and discovered a scary trend. 

And it turns out many Members of Congress outperform the S&P 500.

The top 18 performing traders in Congress earned over 50% returns on their investments in 2023. 

Four of them more than doubled their money.

Former Congressman Brian Higgins (D-NY) retired in 2024 after earning a staggering 238.9% return on his investments in 2023. 

By comparison, the S&P yielded 24.8% in 2023.

On average, every Democrat that was studied beat the S&P yield. 

But it’s not just Democrats; some Republicans, like Congressman Dan Crenshaw (R-TX) and Senator Susan Collins (RINO-ME), also made the list of top investors. 

But the Republican average actually fell below the S&P at 18%.

Now, Americans and some politicians are beginning to show their frustration over the rich politicians getting richer.

Hawley says lawmakers are “abusing” their power

The University of Maryland’s Program for Public Consultation published results from a survey showing the overwhelming majority of voters in swing states are fed up with insider trading. 

The survey asked voters in Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin to participate in a “policymaking simulation” where they heard about a variety of policy proposals.

One proposal in the survey suggested that federal officials be banned from trading individual stocks. 

Under the hypothetical proposal, federal officials and family members would be permitted to retain their existing stocks and to buy and sell as part of large portfolios. 

A whopping 70% of those polled in each state said that Members of Congress, the President, the Vice President, Supreme Court Justices, and their families should be barred from stock trades. 

This lines up with a renewed effort by Republican lawmakers to pass a new bill to prohibit the practice entirely. 

“No Member of Congress should abuse their privilege to profit off the American people,” Senator Josh Hawley (R-MO) said.

Maybe voters will consider this when voting this November.