Wednesday, August 15, 2012

Harry Reid

Sadly, there is a thin line between dishonesty and illegality.  I'm guessing Senator Harry Reid (D-NV) hasn't crossed that line.  But if you or I or anyone in the private sector had done the things he has done, we would be in jail.

Just one small example from The National Review Online article by Betsy Woodruff

"On December 20, 2005, [Harry Reid] invested$50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons."
Read the entire article.

Harry survived the last election because his opponent, Tea Party upstart Sharon Angle was sadly incompetent.  The voters will ultimately decide Harry's fate, but I wouldn't be surprised to see him retire before the next election.

1 comment:

Chris said...

He is a symptom of a larger problem, which the Tea Party arose to confront, namely, that our professional political class is looting the country while looking down their noses at us.

Our forefathers would have hanged a couple by now.