We're Being Played

Political Wire:

A new study of stock trading by members of the House of Representatives concludes that lawmakers earned "significant positive abnormal returns" -- approximately 55 basis points per month or 6% annually -- over standard market returns.

The results mirror a previous study that focused on trading by Senators.

Perhaps that's what Sen. Michael Bennett meant when he said, "it's all rigged."

I am Frank Chow and I approved this message

Comments

Steve said…
While I'm always happy to have my cynicism reinforced I wouldn't read much into this. I imagine if you compared those results with any wealthy well connected person you would see the same thing. I mean let's get real, if you want to be a politician you need to be wealthy in the first place. I imagine the stock performance a average in Beverly hills is higher too
May 23, 2011 at 4:09 PM
Asian-American Pundit said…
My point is this is yet another reason Congress does nothing about jobs in America. They don't have a worry, they are doing quite fine. But, it does make ya wonder how many vote wondering how it'll effect their portfolios...

Also too, Beverly Hills sucks.
May 24, 2011 at 5:53 AM
Post a Comment

Popular posts from this blog

Teh Funny Writes Itself

Not only is Obama teh devil and hates teh Jeebus , but also too and what have you, he is pushing the most aggressive liberal policies ever and destroying the country . ON TOP OF THAT, he is guilty of being completely incapable of performing his basic duties as president, a "new-hire college graduate" and surrounded by lazies . It has become increasingly difficult to write satire these days. I can't tell if the right-wing in America is attempting to out crazy comedians in order to render the jokes useless or the scarier and more likely; they have lost their minds and now fully embrace it. I am Frank Chow and I approved this message
Read more

Get Your Dunkin' Thursday

It's Thursday that means we have a new American Idol and it's... it's Kris Allen? Guess America still hates the "flamboyant", I smell a Clay Aiken retread. I didn't watch much of this year because it really came down to Danny Gokey and Adam Lambert for me and once I heard Kris Allen was in the final it was over in my mind. America votes for the "more likable" guy . But you know what was cool? Adam Lambert singing Queen! You could see the guitar legend Brian May drooling over the Freddy Mercury-esque vocal runs. It was rocktastic. Regardless both will have decent careers and the pie on the face of my local paper for running story after story of Adam is rather funny. Both guys have promising careers, there is always room for another Jason Mraz and America needs a Freddy Mercury . Wow. Did I really just dedicate that much analysis to American Idol? Here are your highlights: Bomb plot thwarted in New York , can't have terrorists in our prisons, sen...
Read more

Sarah Palin Mistakes Stimulus as Erectile Dysfunction Pill

Image
moar funny pictures In Alaska politics are taking precedent as people are upset with Governor Sarah Palin’s rejection of her state’s share of the stimulus money. Palin said she wanted nothing to do with the stimulus package and found it to be of no use to Alaska. “ Look at our boys here ! My daughter was gosh golly gee knocked up by a young man. We don’t need stimulus packages, as long as they got a hockey jersey we got baby makers!” It has taken nearly a week for aides to Governor Palin to explain that the stimulus package is not a new form of Viagra, but she refuses to retain the information of terrorists. A confident leader Palin is excited to support American values and take care of Alaska . “Anybody wants to go wolf-huntin’ from a helicopter?” she said inciting a riot of a local moose appreciation club. It is unclear whether Palin will eventually accept the stimulus funds when she discovers what they actual represent for her state. Time will only tell. I am Frank Chow and I appro...
Read more