167
Could? You mean do?
They have it backwards too. They'll buy stock, then vote on the bill that'll raise stock prices (or vice versa with shorts)
If they haven't yet voted, then the bill might not pass.
In any case, upcoming bills are public knowledge. If you think a bill will pass, you too can buy the stock before the vote.
Does the bill specify who they're going to be paying the money to, though? Because an infrastructure bill saying we're going to spend a certain amount of money on these projects can predict changes in certain industries, but being on a committee and saying, "We're going to hire this specific company with this huge government contract to do this work," can tell you exactly what company is about to have a huge boost to their value.
Usually the committee gives the executive branch a sum of money and tells them to find someone to do the job.
Occasionally a specific company is designated by legislators. But this wouldn't be a secret, the committee meetings themselves are open to the public. And likewise when everyone votes on the bill, the name of the company would be public.
Yeah were not getting any movement on this until people like Pelosi are far removed from any role in the democrat party. They're just gonna keep pointing and screaming at the big orange distraction because it's a lot easier than making peoples lives better.
When it comes to making people's lives better, Democrats did more last year alone then Republicans have in the last twenty years put together.
I agree with you. But it's important to still point out and want to fix problems even in the "better party." We can't simply be accepting of "be less bad." We need to always strive to improve. And weakening the connections between Wall Street and Washington is a big progressive goal that the old guard of Democrats have directly opposed.
Fair enough!
Public service doesn't mean much in America.
Nothing happens in this country without someone getting paid.
this post was submitted on 15 Nov 2023
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