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With just 33 days left in his tenure — and a split Congress — President Joe Biden has suddenly taken interest in banning members of Congress from trading stocks.
The irony in voicing support for such a ban during an interview with Democratic operative Faiz Shakiris is that Biden questioned how lawmakers could look their constituents in the eye.
“I don’t know how you look your constituents in the eye and know because the job they gave you, it gave you the inside track to make more money,” Biden said.
BREAKING: Joe Biden told us in an exclusive interview that he thinks members of Congress should be banned from trading stocks.
Our full interview coming soon. pic.twitter.com/X0b6LKf37J
— More Perfect Union (@MorePerfectUS) December 17, 2024
That’s rich considering the president recently went back on his word to the American people when he granted his alleged corrupt son Hunter Biden a full and unconditional pardon for any and all crimes he committed or may have committed over the past 10 years. A time frame that included Hunter earning millions of dollars for essentially trading on his famous father’s name.
“I think we should be changing the law … that nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” added Biden, who reportedly did not own stock when he was a U.S. senator.
Biden, who is often billed as “middle-class Joe,” has an estimated net worth of $10 million.
Timing is everything when it comes to politics, and it’s noteworthy that Biden wasn’t singing this tune when he first took office. The stance also comes amid reports that former Speaker Nancy Pelosi (D-CA) not only played a central role in ousting Biden as the Democratic nominee but later blamed him for his replacement Kamala Harris losing — Pelosi’s husband has made millions with an uncanny ability to buy and sell stocks at just the right time.
There has been a recent focus on legislation that would ban congressional stock trading.
“A bipartisan group of senators earlier this year unveiled a plan that would ban the president, vice president, and members of Congress from buying stocks and a wide range of other financial assets,” The Hill reported. “The legislation would prevent lawmakers from buying stocks and other types of financial assets while also blocking them from offloading stocks 90 days after the law’s enactment. It would apply to spouses and dependent children starting in 2027 and would also extend to the president and vice president.”
Here’s a quick sampling of responses to the story, as seen on X:
So where has his massive wealth come from?
— Mary Walter (@MaryWalterRadio) December 17, 2024
Biden fighting Pelosi from the grave..
Congress should be able to trade stocks, but they also be consider insiders in certain areas. So they could be brought up on insider trading charges
— nobodyhere (@nobodyhere23) December 17, 2024
Says the Bribe Taker In Chief.
— None of Your Beeswax (@LibelFreeZone) December 17, 2024
Well, The Big Guy has grifted all he can. Why not shut the door after him? LOL
— Redaction Jackson (@RedactedJackson) December 17, 2024
Pelosi calling the White House right now… pic.twitter.com/7NAkEMVTaP
— Ava- I Love My USA! (@WEdwarda) December 17, 2024
“They should do it the old fashioned way like me and my family.”
(Leans forward, whispers into the mic): “Pay to play, baby.”
“C’mon man. Not a joke. Not hyperbole.”
— Jason Beale (@jabeale) December 17, 2024
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