Pelosi defends stock trading by lawmakers. ‘We are a free-market economy’

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @12:44PM (#29581176)

My contention is that we have very corrupt politicians leading the country. That corruption will not go away with the imposition of term limits. It's a bad response to the problem of corruption. I don't know what would solve the problem but strongly feel term limits is not the solution. I know you aren't saying that term limits are the answer; I'm clarifying my position.

I do agree that politicians aren't even trying to avoid the appearance of impropriety. Their response seems to be that in the absence of absolute proof of impropriety then any appearance of it is ok.

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by felistoria on Thursday December 16, 2021 @12:53PM (#29581317)

The solution is the require everyone that holds high office to put all their investments in a blind trust when they take the oath of office.

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by nescioquid on Thursday December 16, 2021 @01:35PM (#29581943)

FWIW, I agree with you. For a brief time in the 90s, the topic was au courant, and my opinion was that is was a smoke-screen against campaign finance reform.

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by asimpletune on Thursday December 16, 2021 @12:56PM (#29581355)

Can you elaborate why term limits wouldn’t at least help the problem?

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @01:58PM (#29582274)

A term limited politician will want to secure their future and will go into the job with the knowledge that their time is limited no matter how well they do the job. They’ll seek compensation. The corruption will morph to adapt to the new reality of term limitations but the amount of corruption will not decrease.

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by asimpletune on Friday December 17, 2021 @05:00AM (#29590093)

I see, so basically people are greedy. Yet under that same predicate, wouldn’t the same greedy senator be worse in-perpetuity?

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Friday December 17, 2021 @10:38AM (#29593600)

Neither worse nor better. Just different form of corruption. Term limits is not a good way to fight corruption.

The Democrats held the House of Representatives for something like 40 years straight until 1994. You had famous scandals involving entrenched Democratic Congressmen. In 1994 Republicans made term limits a rallying point and they took over the House. Both parties have since jostled for control of the House. But when Republicans had the power they did not impose term limits. It’s just a rallying point and will do nothing to stop corruption. There may be good reasons for term limits but anti-corruption isn’t one of them.

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