Senators Richard Burr and Kelly Loeffler caught a lot of flak last week for their sales of stock made during a time when the Wuhan virus threat was front and center of media attention. Contrary to popular belief, these two weren’t the only elected officials to buy and sell stocks at sensitive moments during this crisis.
According to a POLITICO report, that several members of Congress “had traded shares at times or in industries that bore a relationship to the coronavirus threat.”
Several of the lawmakers who sold assets in the weeks approaching the market crash were California Congresswoman Susan Davis, who sold thousands of dollars of stock in Alaska Air and Royal Caribbean cruises.
A senior aide to Kentucky Senator Mitch McConnell made a mid-January purchase of Moderna, Inc., a biotechnology company that had announced earlier that month it would begin working on a coronavirus vaccine. Additionally, an aide to Senator Jeanne Shaheen, who serves on the Senate Foreign Relations Committee, sold stocks in companies including Delta Airlines in late January. Then the aide proceeded to buy stock in Clorox, Inc., which makes bleach and sanitary wipes.
The trades demonstrate the privileged information members of Congress enjoy when it comes to stock trading.
“The reality is that if you work on the Hill, or you work in government, you have access to information that the public doesn’t have or, if they have it, they can’t always see the signal through the noise,” declared Meredith McGehee, executive director of the watchdog group Issue One. “If you’re on the HELP Committee, you’re going to grasp threats much faster than the general public. You see things much more clearly.”
The North Carolina Republican is one of several senators, including Loeffler, California Senator Dianne Feinstein, Oklahoma Senator James Inhofe, and Georgia Senator David Perdue, who sold off stock at the end of January and the start of February as the Senate was holding more Wuhan virus briefings.
POLITICO noted the following:
It’s illegal for lawmakers and aides to trade stocks based on private information. But they are allowed to buy and sell shares based on public information they absorb on Capitol Hill so long as they disclose those trades within 30 days. That permissive approach to buying and selling stocks — the executive branch has much stricter rules — has drawn criticism from watchdogs who argue the freedom to trade isn’t as important as the need for the public to trust Congress to act only on its behalf.
Other members of Congress are expected to make money off companies developing ways to combat the disease. West Virginia congressman Rob Wittman bought between $1,001 and $15,000 of stock in the pharmaceutical company AbbVie Inc., on February 27, 2020 the day the company issued a statement saying it had donated one of its antiviral drugs to China as an experimental option for combatting the Wuhan virus and that it was looking into a research collaboration on potential options for treatment.
Wittman’s office declared he “does not have any involvement in investment decisions for his financial portfolio” and mentioned how AbbVie shares have lost value ever since. The office then added that Wittman’s original AbbVie purchase was for $1,218.
Mexican Government Reported that Nearly 80,000 People are Still Missing
Mexico Spirals Out of Control While Joe Biden Promises Mass Amnesty
According to a report released by the Mexican government on November 25, 2020, over 79,500 people are still missing in Mexico.
This comes in the backdrop of Mexico’s infamous military offensive against drug cartels in 2006. Since the erstwhile president Felipe’s military offensive against drug cartels, the number of missing people in Mexico has skyrocketed.
Before 2006, there were 1,500 disappearances in Mexico, per statistics that Deputy Human Rights Minister Alejandro Encina put forward. Since July, there have been roughly 6,300 new cases reported.
Encina observed, however, that the number of disappearances have dropped since 2019.
Mexico is notorious for its alarming levels of violence, which is largely perpetuated by organized crime. In 2019, 34,582 people were murdered. So far in 2020, 26,431 people have been murdered from January to September.
Encinas claimed that Mexican authorities have discovered 1,399 mass graves in Mexico over the past two years. Of the 2,290 bodies discovered in the graves, 879 have been identified.
Mexico is not in good shape and that’s putting it lightly. America at least recognized this with Donald Trump in office. Trump was elected on an America First platform which stressed tough policies on the border and was not willing tolerate mass immigration like his predecessors.
Sadly, the apparent president-Joe Biden is more concerned with trying to pass mass amnesty for 11 million illegal aliens and freezing deportations for 100 days.
Securing our Southern border is a recognition of the cold, hard truth that Mexico is falling apart, and it’s institutional and social rot could potentially make its way up north. Much to America’s chagrin, the next occupant of the White House will likely not recognize that. Should fraud allegations fail to invalidate the current results of the 2020 elections, America First patriots must act accordingly and make immigration a massive issue during the 2022 midterms, both in the primaries and general election.
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