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Monday, April 29, 2013

Throw Them All Out Again

Over a year ago, a book by Peter Schweizer came out called Throw Them All Out, which led to a 60-Minutes interview, which led to Congress passing a law against insider trading (STOCK Act) with much popular support from both left and right after learning that both Republicans and Democrats participate in that unethical behavior known as insider trading. Mostly Democrats, if I recall, but either way the point stands that our political leadership needs to go. All of it. We need principled men and women to lead the country in its own interests rather than in their own interests.

What ever came of that? Congress is softening the law against themselves, naturally. And just as naturally, the liberal media isn't calling them out on it. However, given the popular support for the STOCK Act, talking heads on both left and right are trying to bring the issue to the forefront, as it was when the STOCK Act passed in the first place. And rightfully so.
Last week, Congress passed and the President signed a law striking the online public financial disclosure requirement from the STOCK Act. The decision to gut the bill came after federal employees fiercely opposed the transparency provision; they claimed putting documents that are already available to the public in an online format would create a “jackpot” for “enemies of the United States intent on finding security vulnerabilities they can exploit.” 
Government watchdog groups called such ominous warnings hyperbolic scaremongering. And last night on The Daily Show, Stewart mocked the rationale for striking down the transparency provision by highlighting quotes from four cyber security experts cited in a Columbia Journalism Review article who said “the national security bit is bulls—t.”
The only risk to federal officials, said Director of the Technology and Public Policy Program at the Center for Strategic and International Studies James Lewis, “is the risk of going to jail for their insider trading.”
The rare fusion of conservative and progressive outrage over the STOCK Act’s gutting is one that may further stoke the public’s disdain for the fecklessness of America’s powerful Permanent Political Class, says Executive Chairman of Breitbart News Stephen K. Bannon.
"Nothing shows the real focus of the Permanent Political Class better than the shredding of the STOCK Act,” says Bannon. “It’s all about a shake down of the American people, not a fair shake."
Schweizer agrees.  
“Insider trading by members of Congress is no joke,” said Schweizer in a Wednesday interview with Breitbart News. “It’s a disgrace.” 

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