Day: April 4, 2012

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Politics

President Obama Signs Bill to Stop Insider Trading in Congress

It’s called The STOCK Act and today, by putting his signature to it, President Obama officially put an end to what members of Congress have got away with for a very long time – insider trading. That is, using information not available to the average investor and profiting from that information through their investments.

The measure was the Stop Trading on Congressional Knowledge Act, better known was the STOCK Act. A long-lingering piece of legislation, it shot to the top of the priority list after a “60 Minutes” investigation highlighted instances of what the program called congressional “insider trading” — lawmakers using information gleaned on the job, “non-public information,” for personal profit.

The STOCK Act affirms that lawmakers and staff are not exempt from federal insider-trading laws and gives the House and Senate ethics committees the authority to enforce new rules. It also requires lawmakers to disclose more information about their stock trades.

Categories
Mitt Romney Politics Republican

Only 11% “Excited” To See Mitt Romney As Republican Presidential Nominee

The title says it all. The various polls about what Americans think of Mittens are shown in the link.

Categories
Health Care Nancy Pelosi Politics Repeal

Nancy Pelosi Predicts Health Care will Survive Supreme Court

In a vote of 6 to 3, the Supreme Court will uphold President Obama’s healthcare reform law, the top House Democrat predicted this week.

House Minority Leader Nancy Pelosi (D-Calif.) said she’d respect whatever the high court decides, but forecasts the verdict would fall for the Democrats.

“I’m predicting 6 to 3 in favor,” Pelosi said during a long interview Tuesday with The Paley Center for Media in New York City, without specifying which justices would rule on which side.

The detailed prediction is something of a change for Pelosi, who has long said the Democrats’ reform law is “ironclad” constitutionally, but has also warned that speculation about Supreme Court decisions is just that — speculation.

Source: The Hill

Categories
Mitt Romney Paul Ryan Politics

President Obama – Republicans Plan for America is “Social Darwinism”

WASHINGTON (AP) — In combative campaign form, President Barack Obama accused Republican leaders on Tuesday of becoming so radical and dangerously rigid that even the late Ronald Reagan, one of their most cherished heroes, could not win a GOP primary if he were running today.

Obama, in a stinging speech to an audience of news executives, had unsparing words for Republicans on Capitol Hill as well as the man he is most likely to face off against in November, former Massachusetts Gov. Mitt Romney. The president depicted the election as a choice between a Democratic candidate who wants to use government to help people succeed and Republicans who would abandon a basic compact with society and let most people struggle at the expense of the rich.

He framed his address around a new House Republican budget plan, saying it represents a bleak, backward “radical vision.”

“It is thinly veiled social Darwinism,” Obama said to the annual meeting of The Associated Press. “It is antithetical to our entire history as a land of opportunity and upward mobility for everybody who’s willing to work for it … It is a prescription for decline.”

Republicans shot back that the president had offered a deeply partisan speech devoid of accountability.

Source: The Associated Press

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