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"I seen my opportunities and I took ’em."

Boy, I tell ya, Peter Schweizer, his latest book Throw Them All Out, politicians, and graft—the blogger's gifts that just keep on giving. Cartoonist Thomas Nast would have had a field day.

The quote in the post title is from

...Tammany Hall leader George Washington Plunkitt, explaining back at the turn of the last century how it was that so many political leaders had become wealthy in “public service.” But today’s pols make the old corrupt Democratic Party machine that ruled New York City for nearly a century look like pikers...
 
From Michael Walsh at the NY Post (via Kelly in the NYS group of As A Mom):
 
...Americans are finally waking up to the fact that we are ruled by oligarchs, many of whom entered Congress as folks of modest means and leave as millionaires and billionaires....
 
This is hardly new, though, as the quote from Plunkitt of Tammany Hall (synonymous with graft) indicates. And as a friend recently pointed out, "Lyndon Johnson was born into absolute poverty, spent a lifetime in public service and died a multimlllionaire."
 
But I digress.
 
...with public satisfaction with Congress at near-record lows, the stench is getting hard to ignore...two senators introduced legislation to stop congressional insider trading.
 
Sen. Scott Brown (R-Mass.) introduced his STOCK (Stop Trading On Congressional Knowledge) Act, which would prohibit Pelosi-like shenanigans by Congress members and executive-branch officials. Sen. Kirsten Gillibrand (D-NY) followed him with her own version of the bill.
 
So, problem solved, right? No.
 
As The Post and others have pointed out, the bills contain lawyerly loopholes, including a 90-day grace period on reporting stock trades and a narrow limit on trading proscriptions, making them applicable only to “pending or prospective legislative action” involving the issuer of the securities.
 
Further, the Gillibrand bill says nothing about lawmakers sharing inside information with spouses or family members — a handy thing for her, because her husband is a venture capitalist and was an active stock trader during the 2008 mortgage crisis. Disclosure statements put the Gillibrand family’s net worth between $631,000 and $1.365 million...
 
This is "ethics reform"? And they say we here at Redneck Mansion are toothless.
 
By the way, Gillibrand is up for re-election in 2012.  See the title of Schweizer's book, above, for instructions.
 
 
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