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It's against the law for you and I to trade using inside info but the Senator thinks it's OK for him to trade.
"A simple signed statement by lawmakers attesting that they had not violated the law would serve the same purpose without as much bureaucracy", he said.
Of course if there is no law then there is no violation.
I know voters are stupid but we are not that stupid.
It's against the law for you and I to trade using inside info but the Senator thinks it's OK for him to trade.
"A simple signed statement by lawmakers attesting that they had not violated the law would serve the same purpose without as much bureaucracy", he said.
Of course if there is no law then there is no violation.
I know voters are stupid but we are not that stupid.
Because sometimes people think it's OK to be Moderator cut: . They often tend to seek public office so they can show it off.
edit: Also, politicians truly believe we are all idiots, and they need to be there to save us from ourselves.
Last edited by SunnyKayak; 02-03-2012 at 12:47 PM..
Some nonsense about it already being illegal and the SEC needing to do its job. Not that Burr has every done anything to help strengthen the SEC and is a supporter of deregulation. He is one of only 3 senators to vote no, so that should tell you how big of a crook he is.
Does anybody know how he voted on the ammendment to apply the same rules to 300k executive branch employees?
If you read the link you'll see that Burr's point is that the law isn't necessary, and that the law makes it look like the President is doing something when he's not. Congress is already covered by existing insider trading laws.
Quote:
[SIZE=2]So we’re going to have political theater this week as to whether it applies to the executive branch, whether it doesn’t. The fact is SEC law applies to every person who trades in America.[/SIZE]
Burr argues it's meaningless political theater, and he would rather spend the time and effort on issues that do matter - like the economy, regulation and taxes driving jobs overseas, etc. Given how Obama's reelection strategy is to run against Congress, it behooves him to avoid those substantive issues.
Senator Burr does have a point. There are currently 27 job creating bills already passed by the House awaiting Senate action. Some of those bills have been in the Senate for quite some time now.
If you read the link you'll see that Burr's point is that the law isn't necessary, and that the law makes it look like the President is doing something when he's not. Congress is already covered by existing insider trading laws.
Burr argues it's meaningless political theater, and he would rather spend the time and effort on issues that do matter - like the economy, regulation and taxes driving jobs overseas, etc. Given how Obama's reelection strategy is to run against Congress, it behooves him to avoid those substantive issues.
Richard Burr is so phoney. He one who voted 3 times in trade deals and tax breaks for jobs especially manufacturing jobs like furniture to be sent overseas. North Carolina's Union Movement
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