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.
Biden had previously declined to take a position on congressional stock trading. When Jen Psaki served as White House press secretary two years ago, she said Biden would “let members of leadership in Congress and members of Congress determine what the rules should be.”
Back when it was up for debate and the party had the numbers....
I fucking hate how moderates waste the time for action, ignore everyone spending years demanding action...
Then turn around like that fucking pulp fiction meme asking why no one has thought to do the thing we've spent years telling them to do once there's no time.
At best they're completely incompetent, at worst they're not as dumb as a box of rocks and are just incredibly incompetent. Whatever the reason, we can do better. We have to do better.
At worst it’s deliberate decision to go for it when they know they cannot win and don’t have time to fight for it.
This way they don’t have to ever enact these changes but they get voters to think they’re a progressive party who are pushing for them.
moderates
Don't paint people who are against polarization with the same brush as incumbent old cash grabbing power hogs.
This is a class struggle and poor people on either side of the political isle get played against each other like a fucking Stradivarius. Poor and middle class (what's left of it) should unite, rather than fight each other.
we have to do better
I agree, but we won't.
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.
It's never too late for neoliberals to fuck shit up...
Pelosi just threw her weight around to get a 74 year old with terminal throat cancer as the head of the oversight committee...
Even tho he just broke the already weak insider trading laws 2 years ago.
Biden can mumble whatever he wants into a microphone, but it's never connected to the reality around him.
If he really wanted this to happen, he'd have pushed for AOC over Connolly
If he really wanted this to happen, he’d have pushed for AOC over Connolly
If he'd wanted it to happen, he'd have pushed through Pelosi's HR 1 back inside his first 100 days, rather than sitting on this for his last three weeks.
Liberals are going to be doing so much "You could have had nice things if you hadn't voted for Trump" whining and complaining and hand wringing over the next two years. Its going to be awful. But none of them want to talk about how they had both Exec and Leg branches of government twice in the last sixteen years and deliberately squandered it sucking up to Big Business both times.
the boomers are going to cling on to power until their dying breath, and on the way out, they'll usher in some kind of apocalypse, either nuclear war, or we all get eaten by self replicating elonbots.
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.
lame duck
noun
An elected officeholder or group continuing in office during the period between failure to win an election and the inauguration of a successor.
He's the definition of a lame duck president right now. That's not saying anything bad, or good, about the man, just the fact of his current position.
Just using it for a temporal reference as he's out of time in his presidency. Any other meaning not intended.
All presidents become lame ducks after their last election but before the next president takes office.
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
Because he doesn't need to work in politics ever again and this is going to be a pretty unpopular policy to lobby for. No one who ever has to whip votes on the Hill would ever put this kind of proposal forward. It was always going to come from a fringe of a caucus or a lame duck President.
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!
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).
Four years too fucking late, asshole
Pelosi won't let that happen.
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.
Fuck Joe Biden.
Well guess who makes laws on stock trading?
🙃
Fox News actually covered this for about 2 minutes and their talking points were as follows:
Give them all 401ks like most people get.
As if congress is going to bring up a bill that would restrict one of the quickest ways to make money for themselves.
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.
Hahaha. Good one.
I can hear Michael Cole from WWE:
Vintage Biden
LET'S GOOOO!!
Ignoring how long it took, big ups joey b
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.
Take what you can get. Bitching about how you got there isn't helpful.
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.
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.
If you don't like it, go back to Reddit.
Pretty sure their statement is neutral. The only statement they made was that it was funny, which is a net positive depending on how you view a 50/50 glass of gas and water.