Wednesday, July 20, 2022

BIDEN CLONE BULSHIT BUTTIGIEG - WE'RE GOING TO SCREW YOU WITH HIGH GAS PRICES UNTIL YOU MAKE NANCY HAPPY AND BUY TESLA ELECTRIC CARS!

“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan 


Job Creators Network Times Square Billboard Rips ‘Elite’ Pete Buttigieg for Pushing Expensive EVs: ‘Let Them Drive Electric Cars’

Job Creators Network
2:04

Job Creators Network (JCN) is calling out Biden Transportation Secretary Pete Buttigieg after weeks of the failed presidential candidate shaming Americans who refuse to embrace the White House’ pricey green agenda and expensive electric vehicles, with a massive Times Square billboard that reads “ELITE PETE SAYS, ‘LET THEM DRIVE ELECTRIC CARS.’”

“Transportation Secretary Pete Buttigieg is belittling the problem as a mere inconvenience that can be avoided by simply buying an electric car,” said JCN President and CEO Alfredo Ortiz in a statement Friday.

Job Creators Network

“Perhaps Elite Pete should get off his throne to experience how the average American lives,” Ortiz said.

This week, Buttigieg said he’s “still astonished” that people “seem to really struggle to let go of the status quo” of fossil fuel-based energy and transportation amidst the Biden administration’s push for pricier green energy alternatives.

“I’m still astonished that some folks and I felt this as I was testifying in Congress yesterday. Some folks seem to really struggle to let go of the status quo,” Buttigieg said on CNBC.
Watch below:

https://www.breitbart.com/politics/2022/07/22/job-creators-network-times-square-billboard-rips-elite-pete-buttigieg-for-pushing-expensive-evs-let-them-drive-electric-cars/

“If someone wants to raise the reasons why it’s hard, those are absolutely challenges we should be taking on and working through, but if it’s done as an excuse to do nothing, all we’re doing is signing up for more of these vexing questions that pit our interests, our alliances and our values against each other year after year after year.”

Some of those “challenges” are working Americans who are already struggling to buy food for their family and to put gas in their cars, can’t come up with the extra $60,000 to $100,000 it takes to buy an electric vehicle.

Jerome Hudson is Breitbart News Entertainment Editor and author of the book 50 Things They Don’t Want You to Know About Trump. Order your copy today. Follow Jerome Hudson on Twitterinstagram, and Parlor @jeromeehudson


Democrats double down on selling American oil to China

In a July 20 vote, House Democrats voted down a GOP-led amendment  that would have barred the Biden administration and the U.S. Department of Energy from selling oil kept in the United States' Strategic Petroleum Reserve to China.  That's right — to hell with future emergencies and current record-high gasoline prices here in America; let's sell our oil to our biggest geopolitical adversary.

That should tell you all you need to know about Democrats' priorities.  They want to Make America Prostrate Again.  Each and every one of the 219 House Democrats who voted to block the amendment should be thrown in jail for treason — preferably exchanged for the January 6 protesters who are still being imprisoned for no valid reason.

 Democrats are determined to quickly "transition" the U.S. from fossil fuels to solar and wind-powered energy, etc., no matter the cost to Americans.  They are equally determined to "transition" the U.S. from its founding principles and values of limited government of, by, and for the people; equal justice under the rule of law; and the recognition of inalienable individual rights granted by the Creator...to a deflated Marxist state ruled by a handful of elites and riven by intersectionality.  No matter the cost to Americans.

It's a good thing today's "Democrats" weren't in power during World War II.  They might have voted to sell oil and military hardware to Japan and Germany.  Were those of their ilk in the Continental Congress during the War for Independence, they probably would have blocked any motion to provide coats and boots to Washington's soldiers at Valley Forge.

There is no sane reason for Democrats' refusal to utilize our own fossil fuels here at home...while they simultaneously approve the sale of it to rival nations who do not have nearly as strict pollution control standards.  More mind-boggling still, in spite of all this, the Biden administration goes hat in hand to the likes of Russia, Saudi Arabia, and Venezuela to beg them to sell us their oil.  So, to recap: We won't use our oil, but we will sell it to adversaries, and we will purchase oil from other countries for use back home.

To say this is insane doesn't do it justice.  It can only be viewed as an attack on our domestic fuel producers...and America herself.

Image: lalabell68 via PixabayPixabay License.

House Democrats Block Motion to Prohibit Biden from Selling U.S. Oil to China 

A drilling rig at the Midway-Sunset Oil Field near Derby Acres, California, U.S., on Friday, April 29, 2022. Oil is poised to eke out a fifth monthly advance after another tumultuous period of trading that saw prices whipsawed by the fallout of Russia's war in Ukraine and the resurgence of …
Ian Tuttle/Bloomberg via Getty Images. Win McNamee/Getty Images
2:45

House Democrats blocked a motion Wednesday that would have prevented President Joe Biden from selling oil drawn from the United States Strategic Petroleum Reserve to entities controlled by the Chinese Communist Party.

Rep. David Valadao (R-CA) proposed a motion to recommit H.R. 8294, the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act. A motion to recommit is a procedural motion that allows a member of the House minority to change a bill before it goes to the House floor for a final vote.

The proposed motion would have prevented U.S. oil from being sold to entities “under the ownership, control, or influence of the Chinese Communist Party” or entities that would get the oil and then turn around and export it to China.

Valadao’s motion comes just weeks after reports revealed that Biden sold nearly one million barrels of oil from the Strategic Petroleum Reserve to a CCP-owned gas company with financial ties to Hunter Biden.

As Breitbart News detailed:

In April, Biden’s Department of Energy announced the nearly one million barrel sale to Unipec, which is the trading arm of Sinopec. Sinopec is wholly owned and operated by the Chinese Communist Party.

Unipec reportedly purchases oil across the globe and then apparently sells it through its Sinopec Marketing subsidiary.

Biden’s son, Hunter Biden, reportedly has financial ties to the CCP-owned Sinopec. A private equity firm Hunter Biden cofounded reportedly purchased a nearly $2 billion stake in Sinopec Marketing in 2015.

House Democrats unanimously blocked the measure, with 219 votes against Valadao’s motion.

Valadao urged his colleagues on the House floor to support the “common sense” motion because “we need to focus on increasing energy production and not supporting our adversaries while Americans are still suffering from outrageously high fuel prices here at home.”

“These reserves are meant to be used in emergencies only. They are not meant to be used when our leadership has failed us by unnecessarily restricting domestic energy production,” Valadao said.

Valadao also called out the Biden Administration for depleting the United States Strategic Petroleum Reserve and helping China.

“It is irresponsible and dangerous for the United States to provide a foreign adversary with fuel that we need to keep here in the United States in case of an emergency,” Valadao said. “It seems the Biden administration is helping to support China’s national security at the expense of our own.”


Buttigieg: ‘Astonished’ that Americans Can’t ‘Let Go of the Status Quo’ in Green Energy Transition

1:17

Transportation Secretary Pete Buttigieg on Wednesday said he was “still astonished” that some people “seem to really struggle to let go of the status quo” when it comes to the push for greener energy.

Buttigieg, who the day before touted that high gas prices were forcing Americans towards electric vehicles, acknowledged in a CNBC “Squawk Box” interview that there were “challenges” to transitioning to cleaner energy but emphasized it was important to make the transition.

“I’m still astonished that some folks and I felt this as I was testifying in Congress yesterday. Some folks seem to really struggle to let go of the status quo,” Buttigieg outlined. “If someone wants to raise the reasons why it’s hard, those are absolutely challenges we should be taking on and working through, but if it’s done as an excuse to do nothing, all we’re doing is signing up for more of these vexing questions that pit our interests, our alliances and our values against each other year after year after year.

“I don’t want that to be dominating our public discussions in the middle of this century the way it is at the beginning of the century,” he concluded.

Follow Trent Baker on Twitter @MagnifiTrent

JOE BIDEN   -  FOLKS, LETTING BIG OIL GOUGE YOU, LIKE THE BANKSTERS DO, MEANS A GREEN AMERICA IS AROUND THE CORNER!

https://mexicanoccupation.blogspot.com/2022/06/joe-biden-vows-to-protect-massive.html


Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss&t=28s


Hauser also didn’t like the prevalence of Big Law talent

on the Department of Justice team, which signaled to

him that the Biden administration could go soft on

corporate malefactors. Alexander Nazaryan 

 

Exclusive — Ship of Fools: 62 Percent of Biden Officials Who Handle Economic Policy Have Zero Years Business Experience Per Reportjoe biden returns
Jim Lo Scalzo/EPA/Bloomberg via Getty
8:35

An explosive new analysis published by the Committee to Unleash Prosperity reveals that Democrat President Joe Biden’s administration has very few business-oriented officials in the administration and that the vast majority of people handling economic policy for the United States government under Biden have no business experience whatsoever.

The 15-page report, authored by economist Steve Moore and the Committee to Unleash Prosperity‘s executive director Jon Decker, was provided to Breitbart News exclusively ahead of its public release. The headline of the report is: “Not Ready for Prime Time Players: Majority of Biden Appointees have Zero Years of Business Experience.” The report analyzes the backgrounds of the “top 68 officials in the Biden administration, starting with the president himself, and including cabinet members, regulatory officials, and White House advisers.”

In the executive summary, the authors detail some key findings in the report. First and foremost, 62 percent of Biden’s top political appointees and staffers “who deal with economic policy, regulation, commerce, energy and finance have virtually no business experience.”

What’s more, only one out of eight Biden officials has what the authors deem “extensive business experience,” and the average level of business experience across the Biden administration is about 2.4 years. The median years of business experience among Biden’s top appointees is zero, since so few have any experience in the private sector, and the “vast majority of the Biden economic/commerce team members are professional politicians, lawyers, community organizers, lobbyists, or government employees.”

The appendix of the report lists out each of the 68 officials analyzed, starting with both President Biden and Vice President Kamala Harris. Both of them each have zero years of business experience. Attorney General Merrick Garland also has zero years of business experience, and Secretary of Agriculture Tom Vilsack has zero years as well. Treasury Secretary Janet Yellen, Secretary of Veterans Affairs Denis McDonough, Secretary of Homeland Security Alejandro Mayorkas, Secretary of Labor Marty Walsh, Secretary of Health and Human Services Xavier Becerra, Secretary of Housing and Urban Development Marcia Fudge, Ambassador for Climate Change John Kerry, Office of Management and Budget director Shalanda Young, Secretary of Eduction Miguel Cardona, U.S. Trade Representative Katherine Tai, and many, many more have zero years of business experience.

In Biden’s Cabinet and innermost circle, White House Chief of Staff Ron Klain with 16 years, Secretary of Interior Deb Haaland with 11 years, and Secretary of Commerce Gina Raimondo with 11 years, have the most business experience close to the president. Isabel Guzman, the administrator of the Small Business Administration, has the most business experience of those analyzed with 20 years experience.

Secretary of Transportation Pete Buttigieg has just four years of business experience. The report authors note his business experience has not much to do with his Department as “he has virtually no experience in transportation or logistics.”

As compared with former President Donald Trump’s cabinet during his last year in office, the lack of private sector business experience in the Biden administration is stark. Trump’s team, per the authors, had an average of 13 years of business experience with a median years of experience of eight.

This report comes as inflation numbers announced earlier on Wednesday hit their highest levels in 40 years, with an annual rate rise of the Consumer Price Index (CPI) much higher than expected at 9.1 percent per the Department of Labor.

“As the United States battles the highest inflation rate in four decades; a stock market sell-off that has liquidated some $10 trillion of wealth and retirement savings; and fast-declining consumer, small business, and investor confidence; and there is widespread concern that America is in a recession or teetering on the verge of recession. For the first half of 2022, the economic growth rate has been negative, according to the latest forecast from the Atlanta Federal Reserve Board,” the study says. “Americans are deeply divided on the Biden administration’s progressive economic policy priorities: the focus on redistribution of income, higher tax rates on the rich, more social welfare programs, pro-union policies, a heavier hand of regulation of business, government-directed investment, and climate change remedies aimed at a dramatic altering of America’s energy mix. But putting ideology and partisan leanings aside, a new concern of voters has emerged: Do the top decision makers in Congress and the Biden administration have the basic skill sets and business/ management experience and acumen to oversee a $6 trillion federal government and to regulate our multi-trillion dollar industries? Polls show Americans are generally unhappy with the economic direction of the country today.”

The report also notes that many of the officials who do have some business experience in some respect—like Buttigieg—are not working in a field they are familiar with.

“The list of Biden administration officials that we compile in this report starts at the top with the resumes of the President and the Vice President,” the report authors write. “We also examine 68 of the top political appointees of the Biden administration, including his cabinet officers (who deal with domestic policy issues), the commissioners of the major influential regulatory agencies, and other high-ranking White House policy-making personnel.”

On a key findings page, several more statistics are revealed. Across all 68 top Biden officials in total there are just 161 years of business experience, and 42 of them have “virtually no business experience whatsoever.”

What’s more, the primary field of most of these Biden officials is one of the following three categories: politics and government, law, or academia and policy. Twenty-one of the 68 come from politics and government, 20 of them come from law, and 12 of them come from academia. Three come from a category called “consulting/public relations,” five from “venture capital/investments,” four from “education/health,” two from “miscellaneous business,” and one from “labor.”

“What is the takeaway from these findings? Surely we want our political class to have a diversity of backgrounds,” the authors write. “We want lawyers, grassroots activists, those with political and policy experience, scientists, health experts, and academics with required specialties. But we also want people who have experience running large operations with hundreds and thousands of employees and who understand logistics. We want people who know how to cut costs, manage logistics, increase productivity, meet payroll, and make a profit (or in the case of the government, avoid large losses). We need people at the top rungs of government who have experience dealing with large-scale crises (as we experienced during COVID), and also at least some familiarity with the everyday struggles that businesses have with the government.”

But it seems, the report authors note, that Biden’s focus on making “diversity” a major hiring “goal of its administration,” the U.S. government is now falling short when it comes to actually having people who know what they are doing with the economy in charge of economic policy. The authors note that “the one area that is sorely missing in this diversity goal is in attracting talented and experienced men and women from the field of small business, commerce, and finance.”

“When it comes to the government: Ignorance is not bliss,” the authors write. “These skills are sorely lacking in the Biden administration. The cascade of policy and management mistakes that are piling up in the Biden government are at least in part a consequence of this lack of basic skills and competency. Biden should fix the problem by replacing those chosen for their ideology, not the skills and talents our government needs and taxpayers rightly demand.”

220712_CTUP_NoExperienceNec… by Breitbart News



Shipping Crisis Turns Into A Nightmare As Disruptions Aggravate Container Shortage




The supply chain crisis is entering a very critical phase right now. U.S. ports are already facing record levels of congestion, but labor issues at railroads are threatening to aggravate the situation and create a nationwide logjam of containers, resulting in extensive shipping delays, exacerbating shortages, and putting U.S. businesses on edge as they confront a growing number of disruptions, soaring inflation, expensive freight prices, and a slowing economy. Industry executives are bracing for "unprecedented chaos" during this shipping season given that 40 billion dollars worth of goods are currently stuck offshore and the backlog of containerships outside both coasts is already nearing all-time highs. U.S. ports have been overwhelmed by an uninterrupted flow of imports for over two years now. Every time conditions finally improve, new disruptions emerge and the system is thrown into disarray again. This time, a labor impasse is threatening to stop U.S. railroads and halt the delivery of essential goods that are supposed to power up industries all across the country. A new report released by FreightWaves exposed that a massive number of rail workers have quit their jobs and over a hundred thousand of them may start a strike as soon as next week. Union Pacific is scrambling to find railroad crews after years of slashing headcounts. In the first quarter of this year, the $22 billion railroader had 12,000 fewer workers than it had just a couple of years ago. This labor crunch isn’t unique to Union Pacific. Railways all across America are in an extremely chaotic state as companies struggle to find employees. That’s creating worse port congestion than what was seen in 2021 when the rail sector recorded the biggest traffic in history. And now a strike of 115,000 rail workers could create “unprecedented chaos” this peak shipping season given that a growing backlog of containers is already causing major delays.  For that reason, the ongoing rail congestion is leaving many industry executives and lawmakers furious. The coal industry is blaming rail for the “meltdown” in service capacity and grain shippers revealed they had to spend $100 million more in shipping costs to get their product moved amid poor rail service. Meanwhile, authorities in the Port of Los Angeles are saying that railroaders could cause a “nationwide logjam” due to the massive number of unmoved containers sitting around. While the impasse persists, conditions at U.S. ports are deteriorating fairly rapidly. The pile-up of empty containers waiting on Southern California terminal yards is rapidly reapproaching its peak. At this moment, tens of billions of dollars in trade are either landlocked or anchored at sea as congestion continues to build at the ports. MarineTraffic data also shows that the estimated value of cargo waiting offshore exceeds $40 billion. With shipping cost pressures and other threats looming, recovery is not expected in the near future, and millions of U.S. businesses are on edge with this situation. A new survey of more than 100 U.S. supply chain executives from Carl Marks advisors found that 75% companies faced significant revenue losses over the past year due to supply chain disruptions. Ocean shipping was by far the leading broken transportation and logistics link, at 68%. Moreover, 36% of business leaders said they are “very concerned” about a dramatic economic slowdown over the next 12 months as a result of rising interest rates, high inflation, and geopolitical uncertainty, and a resultant pull-back in consumer confidence. A lot of people thought that these bottlenecks would be proven temporary, but since the system first collapsed in 2020, the situation has only gone from worse to catastrophic. Unfortunately, a “return to normal” is simply not in the cards anymore, and as problems pile on top of each other, the supply chain chaos will only grow bigger with each passing day. For more info, find us on: https://www.epiceconomist.com/



Pete Buttigieg Boasts that High Gas Prices Are Forcing Americans Towards Electric Vehicles 

Transportation Secretary Pete Buttigieg speaks during the daily briefing at the White House in Washington, on Nov. 8, 2021. Congress has created a new requirement for automakers: find a high-tech way to keep drunken people from driving cars. It's one of the mandates along with a burst of new spending …
AP Photo/Susan Walsh
3:01

President Joe Biden’s Transportation Secretary, Pete Buttigieg, boasted about how high gas prices are forcing Americans towards electric vehicles during an interview on Thursday on REAL 92.3’s Big Boy TV.

Buttigieg said:

We’re for cutting the cost of electric vehicles because when you have an electric vehicle, then you’re also going to be able to save on gas, but you got to be able to afford it in the first place. Right now, we’re actually starting to see on some models the costs come to where even if your car payment’s a little higher, your gas payment will be a little lower, and you come out ahead, but the prices still need to come down for most Americans to be able to get an EV.

Buttigieg’s comments come as recent U.S. Labor Department data found the annual inflation rate rose to a massive 9.1 percent in June. In addition, Americans are paying record-high gas prices under Biden’s administration.

One day after Buttigieg’s remarks, electric vehicle manufacturer Tesla reportedly asked Texas drivers to avoid charging their vehicles for five hours out of the day due to a heatwave.

“A heat wave is expected to impact the grid in Texas over the next few days. The grid operator recommends to avoid charging during peak hours between 3pm and 8pm, if possible, to help statewide efforts to manage demand,” the Tesla alert sent to customers’ in-car screens said.

Buttigieg’s comments on Thursday are not the first time he’s promoted expensive electric vehicles as a way for American consumers to save on gas expenses. The Transportation Secretary said, “People from rural, to suburban, to urban communities can all benefit from the gas savings of driving an EV,” in March after gas prices broke a record previously set in 2008.

Buttigieg made a similar comment in November during an interview with MSNBC.

“The people who stand to benefit most from owning an EV are often rural residents, who have the longest distances to drive, they often burn the most gas,” he claimed.

Buttigieg’s statements seem to represent the Biden administration’s official position on gas prices, as other members of the administration have promoted switching to electric vehicles in the wake of skyrocketing gas prices.

Last month, Biden’s Energy Secretary, Jennifer Granholm, claimed that American gas prices are “unsustainable,” but noted that the high costs are “accelerating our progress toward clean energy.”

Granholm also said that high gas prices make a “very compelling case” to purchase electric vehicles.

“If you filled up your EV and you filled up your gas tank with gasoline, you would save $60 per fill-up by going electric rather than using gasoline but it’s a very compelling case, but again, we want to bring down the price at the point of purchase,” Granholm said.

Report: Replacing Battery for Electric Vehicle Costs More than Car Itself, Family Says

A battery is lifted into place for installation in the Chevrolet Bolt EV at the General Motors Orion Assembly plant Friday, Nov. 4, 2016, in Orion Township, Mich. The Chevrolet Bolt can go more than 200 miles on battery power and will cost less than the average new vehicle in …
AP Photo/Duane Burleson
2:22

A Florida family recently discovered that replacing the battery for their electric vehicle costs more than what they paid for the car.

Avery Siwinski, 17, of St. Petersburg, received a used 2014 Ford Focus Electric from her parents that cost $11,000 and had 60,000 miles on it, WTSP reported.

After six months of driving, the vehicle started having some mechanical issues before it stopped running altogether.

Siwinski’s grandfather, Ray, sought to help her with the car problems, as her father had passed away in June from Stage 4 cancer.

Ray Siwinski realized it was a common problem for this type of vehicle to need its battery replaced.

But when he received a quote from the Ford dealership, he was told it would cost a whopping $14,000 to replace the battery – $3,000 more than what the family paid for the used electric vehicle.

He also noted that the quote did not include “installation and labor costs,” WTSP reported.

After more research, Ray discovered that Ford was no longer producing batteries for that type of electric vehicle.

He issued a warning to anyone who was thinking about buying an electric vehicle.

“If you’re buying a new one, you have to realize there is no second-hand market right now because the manufacturers are not supporting the cars,” he told WTSP.

Despite the reliability and financial problems electric vehicles may pose for owners, such as what the Siwinksi family faced, the Biden administration is heavily pushing American families to ditch their gas-powered cars for electric ones.

“People from rural to suburban to urban communities can all benefit from the gas savings of driving an EV,” Transportation Secretary Pete Buttigieg said in March, amid record-high gas prices.

Buttigieg

U.S. Secretary of Transportation Pete Buttigieg speaks during a daily press briefing at the James Brady Press Briefing Room of the White House April 9, 2021, in Washington, DC. (Photo by Alex Wong/Getty Images).

Wall Street Journal reporter recently rented an electric vehicle for a four-day road trip and noticed she was spending more time charging the car than sleeping. The reporter then noted that “[f]umes never smelled so sweet” when filling up her gas-powered vehicle after the conclusion of her trip.

You can follow Ethan Letkeman on Twitter at @EthanLetkeman.

Joe Biden Brags About Putting Gas Money Back in Americans’ Pocket — Prices Still Above $4 a Gallon

A gas pump displays current fuel prices, along with a sticker of US President Joe Biden, at a gas station in Arlington, Virginia, on March 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
SAUL LOEB/AFP via Getty Images, Chip Somodevilla/Getty Images
1:34

President Joe Biden bragged Monday that gas prices had fallen below five dollars a gallon, demanding credit for the downtick in cost.

“Gas prices have been dropping for 34 days straight, about 50 cents a gallon,” he boasted on social media. “That saves the average driver about $25 a month.”

The president immediately took credit for lower gas prices, even though they are still two dollars a gallon higher than when he first took office.

The national average of a gallon of gas on Biden’s Inauguration Day was $2.39 a gallon while the average gas price on Tuesday is $4.49 a gallon.

For months, Biden has blamed Russian President Vladimir Putin and the war in Ukraine for rising energy prices, referring to it as “Putin’s price hike.”

But the White House on Monday tried to claim credit for the slight price dip.

“The President has reacted from the beginning talking about how this was such an important priority to alleviate these pressures on behalf of the American people,” White House economic adviser to the president Jared Bernstein boasted from the podium of the White House press briefing.

Bernstein grew frustrated when asked why Biden tried to take credit for the fall in gas prices despite refusing to take responsibility for rising prices.

“Yeah, I very much disagree with that framing,” he said.


Jim Jordan Rips ‘Dysfunctional’ Biden Admin: Americans Crossing Border into Mexico ‘Because Gas Is Cheaper There’

Mexican gas station security
Breitbart Texas / Cartel Chronicles
4:47

The Biden administration has become so “dysfunctional” that Americans are crossing the border into Mexico “because gas is cheaper there,” according to Rep. Jim Jordan (R-OH) citing Mexican President Andres Manuel Lopez Obrador in talks with President Biden this week.

Appearing on Newsmax’s The Chris Salcedo Show on Tuesday, Rep. Jordan touched on President Joe Biden’s recent meeting with the president of Mexico wherein he touted the “continued cooperation on migration” between the two countries. 

In a joint statement released on Tuesday, the two leaders stated that the U.S. and Mexico “affirm our broad and deep cooperation and commitment to building a more prosperous and secure future for the people of North America.”

According to Rep. Jordan, such cooperation is non-existent and “the whole country” is aware of the fact.

“There is no cooperation,” he said. “What we have is an open border.”

Further, the Ohio congressman said, “We no longer have a border.”

“It’s complete chaos,” he added. “Anyone with the brain understands that.” 

Rep. Jordan then highlighted the repeated records of illegal border crossers being set monthly by the Biden administration.

“We have said, I think, over 150,000 illegal migrants have come across our border for 15 months straight,” he stated. 

“I mean it’s literally record after record after record,” he added. 

Recalling the Trump-era “Remain in Mexico” immigration policy as well as the construction of the border wall systems along the Mexico-U.S. border, Rep. Jordan lamented the current lack of a secure border.

“We used to have in place the ‘Remain in Mexico’ policy. We used to actually build the wall under President Trump,” he said.

“We used to have a secure border for goodness sake,” he added.

Highlighting a line from the Mexican president about Americans entering his country for lower gas prices, Rep. Jordan argued it was a sign of how “dysfunctional” the Biden administration has become.

“But for me the key takeaway was the Mexican president talking about how now Americans are going across the border into Mexico because gas is cheaper there,” he said.

“If that isn’t a picture for just how dysfunctional [and] how bad the Biden administration has been, I don’t know what it is,” he added.

Rep. Jordan’s remarks come as President Biden welcomed the Mexican president to the White House to discuss the bilateral relationship between the U.S. and Mexico as well as the surge in migrants, the rise in gas prices, and trade and climate concerns.

The United States currently faces record-high levels of illegal immigration, with more than 209,000 migrants apprehended after crossing the border from Mexico into the U.S. in March, the highest number of migrant apprehensions for one month since March 2000 — the last year of the Clinton administration. 

It also breaks the Biden-era record of 200,658 set in July 2021.

Last month, Border Patrol agents apprehended nearly 192,000 migrants who illegally crossed from Mexico, according to government records previewed by Breitbart Texas. 

Since March 1, agents apprehended more than 182,000 migrants in the nine southwest border sectors.

Last year, President Biden set new records for illegal immigration by enticing more than two million border crossers and illegal aliens to take the often deadly journey through Mexico to the nation’s southern border in the hopes of being released into the U.S.

Earlier this year, Department of Homeland Security Secretary Alejandro Mayorkas was reported to have admitted in private that illegal immigration in President Biden’s first year in office was “worse now than … ever” in American history.

In May, former U.N. Ambassador Nikki Haley called to secure the border, stating that if all illegal immigrants were gathered into a new city, it would be the fourth largest in the country.

In April, Sen. Marco Rubio (R-FL) warned the country was heading toward the “biggest migration crisis in U.S. history” as a result of Biden administration policies.

According to Rep. Chip Roy (R-TX), the United States is currently under “invasion” at its southern border and thus called to reject funding a government that refuses to secure it.

In March, Rep. Markwayne Mullin (R-OK) accused President Biden of significantly damaging national security by deliberately creating a border crisis to expand the Democrat voter bloc, as he called for an investigation into the president over his actions.

Follow Joshua Klein on Twitter @JoshuaKlein.


VIDEOS EXPOSING THE PELOSI CRIME FAMILY


HERE'S THE TRUTH ON DRUNK DRIVER PAUL PELOSI

Florida Jury Awards $10.5M in Case of Teens Killed in Horrific Tesla Fireball

Tesla Fiery Crash
NTSB
2:29

A Florida jury has awarded the families of two teens killed in a fiery Tesla crash $10.5 million. The lawsuit claimed that the teens survived the car crash but were killed when the Tesla’s batteries caught on fire. The father of one teen also claimed Elon Musk’s company removed a speed limiter from the car without his permission.

NBC News reports that a federal jury in Florida has found Tesla partially negligent in a 2018 crash that killed two teens and also found one of the teens 90 percent responsible for his role in the collision.

James Riley, the father of one of the teens, alleged that Tesla was responsible for the death of his son, 18-year-old Barrett Riley, as batteries installed in the 2014 Model S sedan that the teen was driving ignited after the electric car crashed in Fort Lauderdale, Florida, while traveling at almost 100 mph over the posted speed limit.

Riley stated that Barrett and the other crash victim, 18-year-old Edgar Monserratt Martinez, survived the initial collision but died after the car caught fire. Riley also claimed that a Tesla technician had — without his approval — removed a speed limiter installed on the car.

Tesla alleged that the speed limiter could not have prevented the crash at the speed that the teens were traveling and that Riley failed to establish that the car’s battery was defective. The jury ruled that the majority of the blame for the crash was on Barrett, who was allegedly driving at 116 mph into a 25-mph curve before the crash.

Barrett had a history of spending and was ticketed just two months before the crash for traveling at 112 mph. Nine percent of the blame was placed on Riley himself while one percent was placed on Tesla. The jury awarded Riley $10.5 million in damages.

An attorney for the Rileys said: “We are pleased that, in what we understand to be the first case to go to trial against Tesla involving an accident involving one of their vehicles, the jury found Tesla to have been negligent in removing the speed limiter without letting Mr. or Mrs. Riley know.”

Read more at NBC News here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan

Exclusive: Sen. Josh Hawley Calls on Democrats to Hold Hearing on Banning Pelosi and Lawmakers’ Spouses from Stock Trading

NEW YORK, NEW YORK - APRIL 23: Paul Pelosi and Nancy Pelosi attend the TIME 100 Gala 2019 Cocktails at Jazz at Lincoln Center on April 23, 2019 in New York City. (Jemal Countess/Getty Images for TIME)
Jemal Countess/Getty Images for TIME
4:09

Sen. Josh Hawley (R-MO) urged Senate Homeland Security and Government Affairs Committee Chairman Gary Peters (D-MI) to hold a hearing calling for legislation to ban lawmakers and their spouses from stock trading, Breitbart News can exclusively reveal.

“This issue of whether and how Members of Congress engage in various financial transactions deserves scrutiny by the Committee,” Hawley wrote to Peters.

The Missouri populist noted Speaker Nancy Pelosi (D-CA) and her family continue to engage in “arguably inappropriate” stock trading activities. This includes her husband, Paul Pelosi, buying 20,000 shares of Nvidia, worth between $1 and $5 million, ahead of a likely vote in the Senate that could set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production.

Hawley wrote on Monday, “Ban stock trading by members of Congress & their spouses. Call it the Pelosi Act.”


Hawley lamented that this “inappropriate” trading activity is not new. Paul Pelosi also purchased shares of Google one week before the House Judiciary Committee held an antitrust hearing.

“In 2020 Speaker Pelosi and her husband outperformed the S&P 500 by a whopping 14.3 percent,” Hawley emphasized. For context, over 90 percent of large, medium, and small-cap financial professionals fail to outperform the S&P 500.

Pelosi said in February that she would support a ban on lawmakers trading stocks only if it were “government-wide.” She also appeared to deflect attention on her family’s profitable stock trading by saying that the judiciary branch has no reporting requirements on its stock trades.

“The third branch of government, the judiciary, has no reporting. The Supreme Court has no disclosure. It has no reporting of stock transactions. And it makes important decisions every day,” Pelosi added.

Hawley noted many Senate Democrats introduced legislation, signaling a deep interest in bipartisan solutions to stock trading by lawmakers and their spouses.

Hawley introduced S. 3504, the Banning Insider Trading in Congress Act, and Sens. Jon Ossoff (D-GA) and Mark Kelly introduced S. 3494, the Ban Congressional Stock Trading Act. Sens. Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Raphael Warnock (D-GA) introduced S. 564, the Ban Conflicted Trading Act. Sens. Elizabeth Warren (D-MA) and Steve Daines (R-MT) introduced S. 3631, the Bipartisan Ban on Congressional Stock Ownership. Sen. Kirsten Gillibrand (D-NY) introduced S. 3612, the STOCK Act 2.0.

“This suggests that there is a clear interest from our colleagues in taking action to address unethical stock trades,” Hawley remarked. “An oversight hearing would provide an opportunity to debate these various proposals and determine points of consensus in order to move forward.”

The Missouri senator said despite bipartisan efforts to rein in alleged unethical trading, “Speaker Pelosi and her husband remain undeterred from cashing in.”

Hawley noted a Data for Progress poll released in June found that more than 70 percent of Americans support a ban on trading stocks.

FILE - Paul Pelosi, right, the husband of House Speaker Nancy Pelosi, of California, follows his wife as she arrives for her weekly news conference on Capitol Hill in Washington, Thursday, March 17, 2022. Authorities say Paul Pelosi was arrested on suspicion of DUI in Northern California, late Saturday, May 28, 2022, in Napa County. He could face charges including driving under the influence. Bail was set at $5,000. (AP Photo/Andrew Harnik, File)

Paul Pelosi, the husband of House Speaker Nancy Pelosi, of California, follows his wife as she arrives for her weekly news conference on Capitol Hill in Washington, Thursday, March 17, 2022. (AP Photo/Andrew Harnik, File)

“After all, clean government in Washington begins with Members of Congress putting the American people first — and not lining their own pockets,” Hawley wrote.

“I believe the time has come for the Committee to hold an oversight hearing focusing specifically on banning Members of Congress and their spouses from trading stocks,” Hawley concluded in his letter to Peters. “Let’s get this done.”

2022-07-20 HSGAC Letter to Peters on Congressional Stock Trading FINAL 3 by Breitbart News on Scribd

Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.

HERE'S THE TRUTH ON DRUNK DRIVER PAUL PELOSI

Where’s the D U I?




GOP Rep. Stefanik: Paul Pelosi’s Computer Chip Stock Purchase ‘Stinks to High Heaven’

2:00

Appearing Monday on the Fox News Channel’s “America’s Newsroom,” Rep. Elise Stefanik (R-NY), the House Republican Conference chairwoman, weighed in on House Speaker Nancy Pelosi’s husband Paul Pelosi’s recent purchase of shares in a semiconductor company as Congress considers legislation that could be a significant boost the industry.

She said the move “stinks to high heaven.”

Transcript is as follows:

HEMMER: There’s this CHIPS [ACT] that may pass soon–$52 billion on the tab. It would help big companies like Nvidia compete more, we’re told, with countries like China. It’s been held up in the House because Democrats tacked on a number of other issues that aren’t going to fly on the Senate side. Meanwhile, Paul Pelosi, the husband of Nancy Pelosi, has made a one to five million dollar bet that this is going to go through and made the bet on Nvidia, which is a big chip maker. It’s known around the world. Pelosi has said she also wants to get lawmakers out of the business of investing in stocks. This is what Paul Pelosi does for a living, but he could also have information as to whether the bill is going to fly in the House. How as you, a Republican, react to that?

STEFANIK: I think this is one of the untold stories of Nancy Pelosi’s speakership and her time, frankly, in Congress. The Pelosis, as a family, her husband, has profited by tens of millions of dollars during her time in Congressional leadership. And it’s not just the investment in domestic semiconductor chip manufacturing. This is what we’ve seen when Paul Pelosi has purchased stock options for big tech companies, making tens of millions of dollars as Nancy Pelosi slow walked potential legislation to rein in the power of big tech companies. This stinks to high heaven.

Follow Josh Caplan on Twitter @joshcaplan


"Along with Obama, Pelosi and Schumer are responsible for

incalculable damage done to this country over the eight years of that

administration (JOE BIDEN WAS OFF SUCKING OFF

BANKSTERS AND BRIBES)."     PATRICIA McCARTHY


· How Pelosi reined in her criticism of the 2008 Beijing Olympics after her family members were involved in business ventures in China that would benefit from the 2008 Games (BELOW)

Congress Are Becoming Filthy Rich From Manipulating The Stock Market & Insider Trading

https://www.youtube.com/watch?v=lExO6GHn8sc


Watters: The Five (CRIME) Families of the Democrat Party

https://www.youtube.com/watch?v=BBpvvHethg0

“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan 


THE BARONESS OF LA RAZA NANCY PELOSI AND HER TESLA STOCK CON.... no wonder she and Joe are pushing for tax breaks for Elon Musk and deals for electric car buyers. 

The news comes as Pelosi spearheads legislation that doles out tens of billions of dollars in subsidies to the electric vehicle industry, including Tesla, with provisions to build charging stations for cars and incentivize electric car purchases through tax credits.

 

 Pelosi's husband, financier Paul Pelosi, has been lauded as a star stock-picker for his winning trades, even prompting TikTokers to mimic his investments. His holdings in corporations — including Slack, Tesla, Alphabet, Facebook, and Netflix — have placed his wife in the 13th spot on Insider's list of 25 wealthiest members of Congress.

Paul Pelosi Buys Millions in Semiconductor Stocks Before Congressional Subsidy Vote

US Speaker of the House, Nancy Pelosi (L) and her husband Paul Pelosi, pose for the media outsise of 10 Downing Street in central London, on September 16, 2021, as she arrives for a meeting with Britain's Prime Minister Boris Johnson. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN …
JUSTIN TALLIS/AFP via Getty Images
2:23

Paul Pelosi, husband of House Speaker Nancy Pelosi (D-CA), recently bought up to $5 million in stocks in a semiconductor company.

This comes right before the Senate is set to vote on a competition bill next week that would give a $52 billion subsidy to the semiconductor industry, Reuters reported.

Paul Pelosi exercised 20,000 shares worth between $1 million to $5 million in Nvidia, a semiconductor company based in Santa Clara, California, which was revealed in a disclosure that Nancy Pelosi filed to the House of Representatives on Thursday.

Nancy Pelosi's Periodic Transaction Report (July 14)

Nancy Pelosi’s Periodic Transaction Report (July 14)

The same disclosure also revealed that Paul Pelosi sold 10,000 shares worth between $1 million to $5 million in Visa and 50 call options worth between $100,000 to $250,000 in Apple.

In June 2021, Paul Pelosi also purchased up to millions of dollars in Nvidia stocks, the Daily Caller reported. It appears this purchase occurred around the same time the Senate would pass a more expanded version of the semiconductor subsidy bill; however, the House never took up the legislation.

“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” Rep. Ralph Norman (R-SC) told the Daily Caller. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”

Nancy Pelosi is among the highest-earning members in the House regarding trading stocks and has stated that she opposes a ban on congressional members trading stocks.

In July 2021, Paul Pelosi netted $4.8 million in options with Alphabet, the parent company of Google, Breitbart News reported. Nancy Pelosi has denied that she owns any of the stocks her husband trades.

Paul Pelosi was recently charged with two DUI misdemeanors after he crashed his Porsche into a Jeep on Highway 29 in Napa Valley on May 28. “His blood alcohol level stood at .082 percent; the California legal limit is .08 percent,” Breitbart News reported.

You can follow Ethan Letkeman on Twitter at @EthanLetkeman.


THEIR FUKING CORRUPTION, BRIBES SUCKING SYPHONING DEALS THROUGH FAMILY MEMBERS, AND INSIDE TRADING ONLY GETS MORE BRAZEN BY THE DAY AS THE REST OF AMERICA UNRAVELS!!! LOOK AT PELOSI'S DUMPSTER STATE OF MEXIFORNIA!


Pelosi got so MAD when he asked that question

https://www.youtube.com/watch?v=3JoVbiIx72Y

  

WHAT DID NANCY PELOSI DO FOR HER CONGRESSIONAL DISTRICT OF MELTDOWN SAN FRANCISCO?   -   NADA!   -  BUT SHE SURE RAKED IN THE MONEY BEING A FAILURE

 https://mexicanoccupation.blogspot.com/2022/03/what-did-nancy-pelosi-do-for-her.html

 

 San Fran patrol special officer rips Pelosi's inaction over BLACK crime surge: She doesn't care

 https://www.youtube.com/watch?v=6SewBXWKj2g

 

Americans are exhausted of this Nancy Pelosi saga: GOP lawmaker

 

https://www.youtube.com/watch?v=3E5TrgN-0Yk

 

THE BARONESS OF LA RAZA NANCY PELOSI AND HER TESLA STOCK CON 

The president shared a clip Monday highlighting a CBS 60 Minutes report featuring author and Breitbart senior contributor Peter Schweizer’s investigation into Pelosi and her husband participating in at least eight different stock IPOs while in Congress.

 THE DEMOCRAT PARTY'S BRIBES SUCKING KLEPTOCRACY

Watters' World' investigates Nancy Pelosi's financial dealings

https://www.youtube.com/watch?v=3M4QZJxb9D\

Nancy Pelosi, a horrid woman equally as without heart and soul, on Tuesday refused to have the names of the thirteen soldiers killed in Kabul read out on the floor of the House.  That should permanently indict her for being the wicked witch she is.  She is more devious, more calculating than the irresponsible Biden but every bit as beyond redemption as he is.  She will do anything to try to convince the American people, for whom she has only contempt, that whatever she and her party do is righteous no matter how loathsome and totalitarian.  PATRICIA McCARTHY


Pelosi’s husband invests millions in a tech stock prior to a vote on chip subsidy bill

According to the House Speaker’s disclosure report published a few days back, House Speaker Nancy Pelosi’s husband Paul invested $5 million in 20,000 shares of NVIDIA.

NVIDIA is one of the world’s leading manufacturers of advanced computer processors, which are highly dependent on semiconductors.

Paul was recently in the news for being charged with misdemeanor driving under the influence in connection to a car crash in Northern California. 

Like every other citizen, Paul Pelosi is allowed to invest his money where he desires. It should be none of anybody’s concern.

However, in this particular case, there is an obvious problem.

The Daily Caller reported that Paul Pelosi’s stock purchase occurred prior to a vote on a bill next week that would grant massive subsidies to chip manufacturing.

The Senate is scheduled to convene next Tuesday to vote on a bipartisan competition bill, that includes $52 billion in grants and subsidies for semiconductor manufacturers and $45 billion to strengthen their supply chain for high-tech products. The bill would also provide chip manufacturers with tax credits for production. The House passed this bill in February.

In June, chip manufacturing companies, including NVIDIA, had dispatched a letter to Washington requesting lawmakers to expedite the passage of the bill.

The obvious issue is that only a select few, such as Speaker Pelosi, were aware of the contents of the bill and the fact that the bill was heading for a vote in the Senate next week. Her husband purchasing seven figures worth of stock in a company that stands to gain from the bill seems too much of a coincidence. It most certainly presents a case of conflict of interest for Pelosi who stand to profit through her husband.

Paul Pelosi is known to be an avid investor in the stock markets. Both Nancy and Paul Pelosi are believed to be worth at least $46,123,051. This places the House Speaker among the 25 richest members of Congress. The vast majority of the couple's wealth is from stocks, options, and investments made by Paul.

Last year, Paul Pelosi was in the news for earning more than $5 million after trading stocks in Google parent company Alphabet Inc, Amazon, and Apple, ahead of the House Judiciary Committee’s vote to advance five antitrust bills targeting major tech giants. 

But Paul is far from the only offender.

Back in April 2021, a study by the Campaign Legal Center revealed that lawmakers from both parties traded stocks hundreds of times throughout the coronavirus pandemic. 

Lawmakers invested in sectors whose relevance was elevated owing to the COVID-19 pandemic. They also sold investments from sectors adversely affected by the lockdowns following the pandemic.

Another investigation by Business Insider's "Conflicted Congress’ project revealed that "49 members of Congress and 182 senior congressional staffers violated laws aimed at preventing insider trading."

Nancy Pelosi, who stands to gain through her husband's investments obviously supported the idea of lawmakers trading in stocks. She said, "We are a free market economy.  They should be able to participate in that.”

The leader of the far-left congressional group known as "The Squad," Rep. Alexandria Ocasio-Cortez, rightly condemned the practice.

 

 

Sen. Elizabeth Warren suggested passing a law that would ban members of Congress from trading or owning stocks to "clean up the filth on the floor."

Pelosi ultimately acquiesced, in words at least, following intense backlash from her colleagues, some sections of the media, and the general public.

Pelosi allowed bipartisan groups of lawmakers to draft bills and hold public hearings. Lawmakers are currently deliberating on several congressional stock-trade bills. No vote on any of the bills has yet to be scheduled.

The rules for regular citizens are very different.

The former top corporate attorney at Apple Inc pleaded guilty to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker's quarterly earnings announcements.

A former corporate communications chief for a New Jersey biotechnology company pleaded guilty to illegal trading based on tips from the company's chief financial officer, who was her boyfriend at the time.

Both could face up to 20 years in prison if found guilty.

Recently, a former Netflix employee was sentenced to 14 months in prison and $10,000 in fines for insider trading.

We all know what happened to Martha Stewart when she was accused of charges related to insider trading in 2004.

Free-market principles to stock trading only work when everyone has identical access to information.

The lawmaker has access to information that the citizen doesn’t, which obviously gives them an unfair advantage. It therefore, makes sense for all public servants to not to misuse their office to reap profits in the stock market.

For those lawmakers who complain that it is unfair to prevent them from stock trading when citizens are permitted to do so, well, this could be a case for term limits. An elected official can serve their tenure of 12 years - 2 terms for Senators and 6 terms for House members. Following their public service, they are free to engage in the trading of stocks after that.

If profit is the sole motivation, they must work in the private sector where they can invest in stocks without insider privileges and reap profits.

These rules must also apply to all government officials in Washington.

Last September, during her visit to the U.K., Nancy Pelosi said that in America, capitalism “has not served the economy as well as it should” because “the success of some springs from the exploitation of the workers and springs from the exploitation of the environment and the rest.”

Pelosi was unknowingly describing her circumstance where her husband could be exploiting his access to information to reap profits. But the self-righteous seldom notice the irony.

Will the GOP, when they have control of the House and the Senate, pass laws that would ban members of all members of government, including lawmakers, from trading or owning stocks?

We know there are many GOP congressional members who also do this as it is legal, and some may not be taking insider trading benefits. But the ones who do often are loudly against these regulations.

We can live in hope.

Image: Peggy Marco / Pixabay // Pixabay License


Stench of corruption: Nancy Pelosi buys Big Tech call options

By Monica Showalter

Nancy Pelosi has grown very rich while in public office. She's amassed a reported $120 million fortune on a $223,500 annual congressional salary.

And like Hillary Clinton, she's an expert stock picker. In her case, she trades a lot on stocks of companies she writes the laws for, and somehow, it always seems to go her way.

Last year, her pick was Tesla. This year? All about Big Tech.

She's laying the money down. According to Mediaite:

House Speaker Nancy Pelosi (D-CA) placed up to $3 million in bets this month on a handful of companies to succeed in 2022 — including Google, SalesForce, and Disney.

Pelosi and her husband, Paul Pelosi, put the money on call options in the four-day period from Dec. 17-21, according to disclosures made public on Thursday by the House Clerk. Their largest investment was for call options for SalesForce, valued at $500,000 to $1.250 million. The  options came with a strike price of $210 on Jan. 20, 2023, compared to $65 as of Dec. 29. Google ranked as their second-highest investment, with $500,000-$1 million for calls at a strike price of $2,000 on Sept. 16, 2022, compared to $109 on Thursday.

Other investments included $250,000-$500,000 on call options for Micron Technology, at a strike price of $50 on Sept. 16, 2022; the same amount for calls on Roblox, at a price of $100 on Jan. 20, 2023; and $100,000-$250,000 for calls on Disney at $130 on Sept. 16, 2022.

The disclosures, which members of Congress are required to file, reveal monetary ranges for their investments, but not exact figures.

The Pelosis, both 81, have developed a reputation for prophetic ability when it comes to picking stocks. Their trades last made headlines in January, when they purchased between $500,000 and $1 million in call options in Tesla at a strike price of $500. That stock hit a new historical high last month in excess of $1,200.

To explain those options -- what she's betting is that a company like Google's stock price is going to rise and be at a certain level. When she buys an option, she's buying a derivative that gives her the right, but not obligation, to purchase that stock at a certain "strike price," meaning, she thinks everyone else is going to have to buy it at a higher price. That's where the money is to be made. In the case of Google, she's betting the price of a share of that company will be well above what it is now (currently at around $2,900 today) by the strike price date of Sept. 16, 2022. But she will have the right to buy it cheaper, which should be very profitable should she decide to sell it afterwards. For instance, and to take a hypothetical example, if the share price of Google goes up to $3,000, and she exercises her call option to buy her share at $2,000, well, she can then sell the share at a $1,000 profit, which is a nice piece of cake. The price of the call option is not the same as the price of the stock since it's a derivative of the stock. According to Investopedia:

 

The price difference between the underlying stock price and the strike price determines an option's value. For buyers of a call option, if the strike price is above the underlying stock price, the option is out of the money (OTM). In this case, the option doesn't have intrinsic value, but it may still have value based on volatility and time until expiration as either of these two factors could put the option in the money in the future. Conversely, If the underlying stock price is above the strike price, the option will have intrinsic value and be in the money.

And according to Mediaite:

Pelosi and her husband, Paul Pelosi, put the money on call options in the four-day period from Dec. 17-21, according to disclosures made public on Thursday by the House Clerk. Their largest investment was for call options for SalesForce, valued at $500,000 to $1.250 million. The  options came with a strike price of $210 on Jan. 20, 2023, compared to $65 as of Dec. 29. Google ranked as their second-highest investment, with $500,000-$1 million for calls at a strike price of $2,000 on Sept. 16, 2022, compared to $109 on Thursday.

A $2,000 call, versus a previous $109 call price? She obviously thinks Google is in for some good times.

According to Mediaite, she's really good at this:

 

By some estimate, Pelosi and her husband made a 45.59 percent return on stocks last year, along with a 66.7 percent return on options trading. 

Most fund managers would kill to make those kinds of returns. These are comparable the kinds of profits only art geniuses such as Hunter Biden can make on their 'output,' while real artists make quite a bit less. 

See the problem?

And sure enough, the New York Post has reported that Pelosi herself is blocking legislation that would force Google and some of the other tech baronies to level their playing fields on commercial search results. The Post ran this on Nov. 4:

As a bipartisan group of Washington lawmakers mounts a battle to rein in Big Tech, some insiders say it faces a formidable and possibly surprising obstacle: Nancy Pelosi.

The 81-year-old Democratic House majority leader has made symbolic gestures to defy Silicon Valley such as refusing to take calls from Mark Zuckerberg and declaring 2019 that “the era of self-regulation is over.”

Nevertheless, insiders say she’s slow-walking legislation, including a so-called “non-discrimination bill” that would put a major dent in tech firms including Google and Amazon. The proposal would prohibit the practice of the companies giving their own products favorable treatment in search results.

The bill — sponsored by Rep. David Cicilline (D-RI) and Rep. Ken Buck (R-Colo.) — was one of six that passed the House Judiciary Committee in June. A nearly-identical companion bill sponsored by Sen. Amy Klobuchar (D-Minn.) and Sen. Chuck Grassley (R-IA) was introduced last month in the Senate and is gaining steam. 

Which sounds a little funny, now that Pelosi is laying money down on where she thinks the price of Google's stock is going to be.

Pelosi herself has defended these smelly moves, the idea of congress members trading on stocks in industries they make laws for as the work of "free-market economy" (free for whom?) while the tech barons at Twitter have banned a popular Twitter page called Nancy Pelosi Portfolio Tracker, or @NancyTracker which must have bothered Pelosi mightily.

Now we see one last galloping call in favor of Big Tech, which she is all to willing to go to bat for in Congress, and given Big Tech's heavy-handed censorship and other manipulations of the 2020 U.S. election, she obviously owes political favors to.

See how this works? She ought to be forced by a bipartisan group of Squadsters and Republicans to hold a vote on the measure she's blocking this year. And come November, Republicans at the helm should put a stop to this kind of activity, and send in the special counsels to investigate these curious investing activities of Pelosi's. It ought to be Item A on the agenda.


‘We’re a Free Market’: Nancy Pelosi Rejects Ban on Lawmakers, Spouses Trading Individual Stocks

AP Photo/J. Scott Applewhite

PAUL BOIS

16 Dec 20210

2:39

House Speaker Nancy Pelosi said members of Congress and their spouses should not be barred from trading individual stocks as part of the STOCK Act, citing a “free market economy.”

During a press briefing on Wednesday, in response to a report from Insider showing that 49 members of Congress (Democrats and Republicans) have failed to disclose their transactions in accordance with Stop Trading on Congressional Knowledge (STOCK) Act of 2012, Pelosi was asked if members of Congress and their spouses should be banned from trading individual stocks, thereby preventing insider trading,

“We’re a free-market economy,” Pelosi explained. “They should be able to participate in that.”

Pelosi did note that members of Congress should be revealing their stock transactions, which would show possible insider trading:

 

As noted by Insider, the STOCK Act of 2012, legislation Andrew Breitbart heavily backed, was designed to combat possible insider trading and conflicts of interests among members of Congress, forcing “lawmakers to be more transparent about their personal financial dealings”:

A key provision of the law mandates that lawmakers publicly — and quickly — disclose any stock trade made by themselves, a spouse, or a dependent child.

But many members of Congress have not fully complied with the law. They offer excuses including ignorance of the law, clerical errors, and mistakes by an accountant. Insider has chronicled this widespread nature of this phenomenon in a new project, “Conflicted Congress.”

Lawmakers who violate the STOCK Act could be fined up to $200, a small penalty that has led several ethics watchdog groups to call for harsher penalties or an all-out ban on lawmakers from trading stocks – a practice by which Nancy Pelosi and her husband, Paul, have become considerably wealthy. This year, for instance, weeks prior to the House Judiciary Committee’s vote on the antitrust legislation aimed at some major Big Tech companies, Paul Pelosi began “exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200,” according to Bloomberg. The trade netted Pelosi a $4.8 million gain.

Breitbart News senior contributor Peter Schweizer has been a heavy proponent of the STOCK Act since its inception with his 2011 book Throw Them All Out, which formed the basis for a 60 Minutes report about unethical stock trades in Congress.

 

THE BARONESS OF LA RAZA NANCY PELOSI AND HER TESLA STOCK CON.... no wonder she and Joe are pushing for tax breaks for Elon Musk and deals for electric car buyers. 

The news comes as Pelosi spearheads legislation that doles out tens of billions of dollars in subsidies to the electric vehicle industry, including Tesla, with provisions to build charging stations for cars and incentivize electric car purchases through tax credits.

 

 Pelosi's husband, financier Paul Pelosi, has been lauded as a star stock-picker for his winning trades, even prompting TikTokers to mimic his investments. His holdings in corporations — including Slack, Tesla, Alphabet, Facebook, and Netflix — have placed his wife in the 13th spot on Insider's list of 25 wealthiest members of Congress.

 

The president shared a clip Monday highlighting a CBS 60 Minutes report featuring author and Breitbart senior contributor Peter Schweizer’s investigation into Pelosi and her husband participating in at least eight different stock IPOs while in Congress.

 

“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan 

 

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