Why Spend Millions for a Job That Pays $174k A Year?

wkmac

Well-Known Member
One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found.

The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010.

Members of Congress trade in companies while making laws that affect those same firms



If you stayed up nights wondering whether members of Congress would be able to weather the Great Recession of the late 2000s, this bit of news should finally put your mind at ease.
Overall, members of Congress saw their personal wealth grow by more than 16 percent during the worst economic downturn in the United States since the Great Depression, according to financial disclosures submitted by lawmakers.
See more: Even in Recession, Congress Pay Grew
The median personal wealth for members of Congress grew to $911,510 in 2009, up from $785,515 in 2008, according to the Center for Responsive Politics. Nearly half of the members of Congress are millionaires.

Who are the wealthiest members of Congress? Here's a look.

The 10 Wealthiest Members of Congress


We need a gov't in Washington who regulates the marketplace and keeps things honest!

Yeah, how's that working?

And if you blame all the evils on the "free market" in light of above, I'd ask how you define the terms "free" and "market"!

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Seems we are learning the hard way just how those robbers and thieves operate. But don't mind me, go out on election day and vote once again for that change.
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