It appears John "Ketchup Meiser" Kerry got rich off the healthcare bill fiasco (John Kerry, Congress)

[KUchief25]

Why aren't these OWS loons standing in front of congress whizzing and screaming at these crooks? That is definetly something I think all would get behind. Time to make it illegal for these bastards to not be allowed to purchase stock while in office. They can invest in government bonds if they want to.

"First, $750,000 worth of stock in drug maker Teva Pharmaceuticals was added to their portfolios at around $50 a share. Once Obamacare passed, the value of the stock rose to $62 per share. Subsequently, in 2010, a portion of Teva holdings was dumped from the Kerry portfolio, resulting in tens of thousands of dollars in capital gains (exact profits are unclear because politicians are only required to report ranges, not exact dollar amounts).
Next, at least $200,000 of stock in medical device manufacturer ResMed was purchased in the $20 to $25 per share range. After Obamacare passed, ResMed jumped to $34, an increase of as much as 71%. “ResMed was a winner in the health care reform legislation—as Reuters declared—thanks in part to John Kerry’s efforts,” says Schweizer. The reason: earlier versions of the Obamacare bill would have slapped companies like ResMed with an “industry fee” tax. Kerry opposed the higher taxes on medical device companies and helped delay the taxes until 2013.
Next, between $250,000 and $500,000 worth Thermo Fisher Scientific were added to the Kerry family portfolios at around $35 per share. After Obamacare’s passage, the stock skyrocketed to more than $50 a share.


Even as their portfolios reflected aggressive purchasing of drug company stocks, Sen. Kerry was dumping investments in health insurance companies. At the end of June 2009, all United Health shares were unloaded from their portfolios. Their Wellpoint stocks were also sold. Six weeks later, he then introduced an amendment to tax generous health care plans, a move sure to hurt companies like United Health and Wellpoint."


» EXCLUSIVE DOCUMENTS: The Kerrys’ Curious Stock Trades - Big Government

[wutitiz]

Interesting article, not in the least surprising to me. A loud quiet from the left, but I'm sure they'll show up once they find some slightly similar story about a Republican, allowing the cry of 'moral equivalence.'

With all of their supposed superior intellectualism, the Democrats have put up one mediocre presidential candidate after another since Clinton. Gore became a professional con-man on a big scale, had a massage scandal, and divorced his wife. Edwards, no comment needed. Obama, demonstrably unqualified and failed. Hillary, in spite of never having held elective office before becoming a carpet-bagging US Senator in 2001, is arguably the only one who will be seen as successful by historians.

[wutitiz]

A very loud quiet on this one. Not even one liberal democrat stepping up to defend their top dog from only 7 years ago?