House Speaker Nancy Pelosi has worked in the federal government for nearly half her life. In that time she’s somehow managed to amass a personal fortune ostensibly on a public servant’s salary.
Pelosi is paid by the U.S. taxpayer a salary of $210,000 as House Speaker. Lawmakers in the House of Representatives are paid $174,000 annually. Pelosi’s personal net worth is reported to be in the $135 million range. Now, we don’t have a Ph.D. in mathematics but something here just isn’t adding up.
There aren’t any laws preventing lawmakers from investing in the stock market, in fact, most of them do. Fine, fair enough. However, federal law does prevent lawmakers (or anyone else) from peddling in insider information and using it to inform stock purchases, otherwise known as insider trading.
As long as Democrats hold the majority in the House of Reps., Pelosi essentially has the power of the purse. She chooses which bills lawmakers will vote on and which industries will be regulated or subsidized by the federal government. There is virtually zero chance that her inside knowledge of government action on particular industries doesn’t inform her family’s stock portfolio.
The House Speaker has caught some heat in the past months after news broke of her husband Paul’s very strategic and perfectly-timed stock trades.
Paul Pelosi recently purchased $5 million worth of stock of a computer chips company before Nancy scheduled a vote on legislation that would give billions to semiconductor manufacturers through government subsidies.
Funny how that works!
He bought 20,000 shares of Nvidia, which is one of the world’s largest semiconductor companies that designs and manufactures graphics processors and other technologies, on June 17. Senators voted Tuesday to advance the bipartisan competition legislation allocating $52 billion for domestic semiconductor manufacturing and a final vote will reportedly occur this or next week.
Well, Nancy is getting rocked by this scandal and is unable to handle even a single question about it from reporters.
On Thursday, during her weekly press briefing, the House Speaker stormed off the stage after a reporter asked whether Paul ever traded stocks based on insider information provided by Nancy.
“No absolutely not,” Pelosi said in response to a reporter who asked if her “husband ever made a stock purchase or sale based on information received from you.”
NEW – Pelosi says "no, absolutely not" and leaves when asked if her husband ever made stock trades based on information received from her.pic.twitter.com/ay04qa0zl5
— Disclose.tv (@disclosetv) July 21, 2022
Her consternation over a slight mention of her husband’s stock dealings raises red flags and signals immense guilt. But we’ll never know as Democrats typically get a pass when scandals such as these arise.
Author: Ann Taylor