The one thing democrats like Senator Tommy Tuberville or
Tuberville and some democrats agree on is corruption,
including the ability to trade individual stocks.
In fact, Tuberville was recently asked about proposed legislation that would ban
members of Congress from being able to trade individual stocks.
And you'd be surprised right, that he is 100% against it.
It's very transparent about how much he opposes it and says this.
I think it's ridiculous.
They might as well start sending robots up here.
I think it would really cut back on the amount of people that would want to
come up here and serve.
And look, to be honest, that's kind of the point.
If being a member of Congress is something that draws individuals because they know
they'll have insider information and they can trade individual stocks,
maybe we don't want those people representing individuals in their
district or their state.
He also says that the truth is, members of Congress they're really struggling.
They're really struggling.
He says, I've been surprised since I've been up here,
we got people sleeping in their offices.
>> He's amazing because he just kind of brazenly saying,
I thought everybody here was rich like me and I thought we were up here to get rich.
And then it turns out some people are sleeping in their office,
what's wrong with it?
What are they trying to represent?
The people?
Get out there and make some money, man, we got all this insider information.
Tommy Tuberville is one of the most right wing guys in Congress and he's and
one of the biggest trump supporters there are.
He was integral part of supporting trump during the coup and
he's of the ideology that yeah, of course I'm for the rich, I'm rich.
Of course I'm gonna come up here and use everything to my advantage and
take advantage of the suckers who elected me.
Look, what is it people of Alabama want?
Why did they elect me?
You can make sure black people don't have rights and the rich get tax cuts.
Well, that's what I'm doing.
So mission accomplished.
Give me the money.
And what are you gonna do?
Defeat me in Alabama?
Democrats are gonna win in Alabama.
We just say black people boo and
you don't re elect me no matter how much of a crook I am.
>> So you shouldn't take what he says about members of Congress at face value.
They're not poor, they are not struggling.
The salary for US senator as of 2021 is $174,000.
But that's nothing, that's just their salary.
In fact, Congress has quite a few millionaires.
Let's take a quick look at the richest senators according to data from 2018 and
this is based on financial disclosures which by law they are supposed to file.
So Senator Rick Scott, $259 million in 2018.
>> He made most of that money ripping off medicare.
Largest medicare fraud in history.
A total criminal is the Senator from Florida.
>> True, but their wealth continues to grow.
In fact, their wealth grows at a faster rate than other individuals
invested in the stock market..
They always beat the stock market, right?
And the reason why is because they're privy to information that
we are not privy to.
And also it's a huge conflict of interest because these are lawmakers who
are supposed to make legislative decisions that would impact the very corporations
and companies they're invested in.
So do you think that they would pass a regulation, for instance,
that sorely needed but would hurt the bottom line for these corporations?
That would mean that the value of the shares they're invested in would go
down and they would lose profits.
So it's a huge problem.
And yeah, let's go back to that graphic.
This is not a democrat or republican thing, right?
You got Mark Warner, $214 million.
He's a democrat.
Senator Mitt Romney, notoriously wealthy, $174.5 million.
You have Senator Mike Braun $136.8 million.
These are not hungry individuals, okay?
Or not hungry in the way that we would think of like where they're struggling and
they need to sleep in their offices because they have no other choice.
That's a joke.
Now, he's also one of the biggest violators of the relatively toothless
stock act.
The stock act doesn't prevent them from trading individual stocks,
they just have to disclose their stock trades.
And apparently Tuberville has violated the stock act which prevents members from
using nonpublic information they learn in their official capacity for
personal benefit.
A whopping 132 times, accounting for $894,000.
So he's got a dog in the fight.
>> Yeah, he's a right winger so he thinks, I'm above the law.
Right wingers can just break the law anytime we want and it won't matter.
And in this case he's right because almost everybody in Congress is a criminal,
so they're like, if we punish Tuberville, we would have to punish Nancy Pelosi.
We're not gonna do that.
Nancy Pelosi is one of the richest people in Congress so is Diane Feinstein.
And they let everyone off because if they prosecuted them they'd have to prosecute
themselves.
So the democrats are super happy to say, republicans,
you didn't do anything wrong, keep on robbing people with inside information.
You know what the chances of a random group of people always
beating the stock market is?
Zero.
>> Right. >> Okay.
Now the only way that you always beat the stock market and not just one person, but
a collection of people is if you have information that other people don't have.
You have an unfair advantage.
By the way, that's not the free market and don't believe in the free market,
they would love a rigged market.
Tuberville is like, you rigged it to my advantage, why would I give that up?
Of course I'm gonna rob you for more and more money.
And so Richard Bird, by the way, made a $1.6 million
off the stock based on insider information on Covid.
And you know what the justice department did?
Nothing.
They let him off.
Why they let him off?
Because he's among the elites.
If they punish Richard Burr, they definitely have to punish democrats and
they don't wanna do that.
>> They're actually, he is being investigated.
So, >> No,
they're justice department announced in January that it would not file charges
against him.
Of course investigated my ass.
>> Wow. >> That was a cover your ass operation.
Are we investigating Richard Burr?
Yes, we are investigating him.
>> Wow. >> Okay, Nancy Pelosi,
we are really busy investigating him, right?
I know Justice Department and Nancy Pelosi are not supposed to talk.
Yeah.
The Biden administration filled with rich people who constantly do insider trading
are not gonna prosecute republicans who do the same thing.
>> Well, we're not done yet because there is a democrat in the House of
Representatives who also spoke out pretty openly about her objection to any
legislation that would ban members of Congress from trading individual stocks.
This time, we're talking about Representative Elaine Luria who is
very proud moderate democrat.
And so while speaking to Punch Bowl news, she said this.
You know, I think the whole concept is BS.
Because I think that why would you assume
that members of Congress are going to be inherently bad or corrupt?
[LAUGH] It's hilarious.
So I'll show her why in just a second,
she's obviously pretending like she doesn't know why.
But the rest of her statement is, we already have the stock act again,
toothless, and all it really does is force them to disclose their trades.
>> Hey clown, Turbeville just violated 132 times and nothing happened.
You think you have the stock act?
No, you're a liar.
And I don't care that you're a democrat.
We have the stock act, [LAUGH] there's no enforcement of it at all.
It's a goddamn joke and you know it.
>> The people that you're electing to represent you,
it makes no sense that you're going to automatically assume that they're going to
use their position for some nefarious means or to benefit themselves.
So I'm very strongly opposed to any legislation like that.
Well, look,
what led to the Stock Act was the nefarious behavior of members of Congress.
Now, the stock Act is nothing to write home about.
As I've mentioned a billion times, it doesn't really do much, it's toothless.
There's no real enforcement mechanism especially in the House of
Representatives.
And I wanna remind you all of again what transpired in the lead up
to the stock act.
>> Market moving information.
And they're gonna act on that information.
I mean, information is King.
>> A groundbreaking 2004 study by a group of professors and
researchers examined the records of US senators between 1993 and 1998.
The study found that a portfolio tracking the stocks at the US Senators bought
during the same time period outperformed the market by 85 basis points each month.
In a portfolio that tracked the stocks that the Senator sold during
the period lagged behind the market by 12 basis points.
The study concluded that the senators new appropriate times to both buy and
sell their common stocks.
>> So that's an older study but
more recent studies have been done and similar findings come out, right?
That members of Congress outperformed the stock market.
And when you look at Luria's portfolio, you'll get a better grasp in regard to
why she's so against any policy that would ban this disgusting and corrupt behavior.
Luria's net worth is more than $8.5 million and she trades millions.
Her 2020 filing shows that she had assets worth between 1 to $5
million separately in facebook and computer design company Nvidia.
She also had between 500,000 to $1 million invested in Netflix.
She also has at least $652,000 and up to 1.38 million combined in Apple,
Walt Disney, Snapchat, Navy federal Credit Union,
a pharmaceutical company, Navy mutual Aid Association and Alibaba.
Luria and her husband Robert sold on March 31st 2021 between a quarter
million to a half a million dollars in Alibaba stock and purchased a quarter
million dollars to half a million dollars of Uber stock the same day.
This is what they're engaging in.
So let me just ask you guys, do you think that Luria and
her husband are interested in any policy that would prevent them from investing
in these companies that again, Luria likely has a lot of information about and
will make decisions about, especially when it comes to any type of
regulation that could hurt these companies?
Bottom line.
>> Okay so by the way they passed the stock act under Barack Obama and
he pretended that it was historic.
The press pretended it was historic.
It was toothless.
We said it at the time, all of his so called financial reforms were toothless.
They refused to jail any bankers and Obama was a gift from the heavens for them.
A guy who pretends to do something actually does nothing and
helps them cover up their crimes.
So that's why he's such a legend in corporate media and
they hyped him up to be a demigod.
So now Luria.
Now, she's got $1 million Facebook, you think she's gonna break up
Facebook cost herself money on that million dollars?
She's not gonna break up Facebook when she owns a million dollars in stock in
Facebook.
Everybody knows that.
So when she comes out like, how dare anyone gives us up to corruption?
Why would you assume that?
First of all it isn't about you, It's about human nature.
If you've got millions of dollars on the line, even really,
really good people will do the wrong thing, right?
And you guys all take combined billions
of dollars in corporate donations for your campaigns.
The only people stupid enough to not think that that's corruption is people
who work as reporters in Washington.
The rest of us all know that that's organized systemic corruption.
Those corporations don't give you money for general welfare,
they give you money to buy you.
And it is a very effective investment because you never ever oppose your donors.
And of course aided abetted by CNN, I'll get to that in a second.
But guys, remember what these guys did a little while ago.
On the filibuster, they said the voting rights act so that every American can
vote, we can end the insane gerrymandering return back to democracy,
make sure that fascists don't take over this country.
No, the filibuster is more important.
Did you know that a couple of months before that they actually got rid of
the filibuster for lifting the debt ceiling.
Now I think they should lift the debt ceiling but wait a minute.
I thought you said the filibuster was sacrosanct and
you could never get rid of it for any policy and
you couldn't make any exceptions but you did make an exception, why?
Because if they didn't lift the debt ceiling, the stock market would have
crashed and all of them have millions of dollars in the stock market.
They weren't gonna let their best friend and and
their own personal interests get in the way of that.
So no voting rights for you but millions for me.
>> Yeah. That's why I get irritated by the annual
faux drama about the debt ceiling.
It's like reporters either have short term memory or I don't know,
But anytime you see like a drama unfolding about [SOUND] are they gonna do it?
Are they gonna lift the debt ceiling?
Rest assured, they will lift the debt ceiling, report on something else.
It's a waste of time.
I'm not even kidding.
>> I don't know if reporters are schmucks or if they're in on it.
But here we have the CNN clip, right?
Look so this is how they hyped up Luria before.
They're like the squad they're getting a lot of attention, AOC and
the rest of the just democrats.
So we'll pretend that there's another squad made up of conservative democrats
that people are really excited about.
>> Right. And they referred to them as the badasses.
So let's take a look at that video.
>> Tv veterans Mikey Sherrill and Elaine Lauria, Air force veteran chrissy
Hoolahan, ex CIA Officers, Elissa Slotkin and Abigail spanberger.
A band of sisters who bonded while storming the unfamiliar terrain of
politics.
Their previous service taught them to be fearless, which comes in handy now.
>> There's not a vertical chain of command structure so you know,
>> Well, there is.
But obviously it sounds like you guys aren't following it.
[LAUGH] But no one can fire us except the people that elected us.
>> None of us came to Congress from a district that wants us to just sit here
and be quiet and learn the ropes.
They want us to engage and they want change and they want it now.
>> Yeah, lots of change.
Like maintaining a system of corruption that puts
your own constituents at a severe disadvantage.
>> That was corporate media propaganda one on one.
That squad does not exist.
It's not a thing.
And what are they looking to change?
They say, we're looking to change things, no you're not.
You just said don't change it, don't change it was making money hand over fist.
Don't change a goddamn thing.
And they are so fearless.
Fearless in what?
Taking corporate money?
Fearless in what?
It's a literal question.
What did they buck the system in any way, shape or form?
No, they always voted for the status quo.
So CNN, we're not interested in your propaganda for
the most corrupt politicians in America