With Americans growing ever more furious in the general direction of Congress, there are a number scandalous and sordid behaviors that tend to push us forever closer to abject anger.
We’ve long understood that our public servants are more interested in enriching themselves than they are concerned about the needs of their constituents, with former House Speaker Nancy Pelosi having embodied this sort of self-serving trope for decades.
As of late, the real beef that Americans have with Pelosi involves she and her family’s oh-so-prophetic stock trades that somehow always manage to precede major market events…or the congressional impetuses to these shifts.
Now, on the heels of Republican Senator Josh Hawley introducing the PELOSI Act, (a bill that would outlaw stock trading by members of Congress), another egregiously well-timed move has been outed.
Former House Speaker Nancy Pelosi, D-Calif., was slammed on Twitter Wednesday after it was reported that she sold 30,000 shares of Alphabet, Google’s parent company, one month before the Department of Justice announced an antitrust investigation lawsuit against the tech giant.
Between Dec. 20 and Dec. 28, 2022, Pelosi reported three separate transactions of selling Google stock which was first reported by the Washington Free Beacon. Each of the transactions included the sale of 10,000 shares of Alphabet and involved an amount between $500,001 and $1,000,000 and yielded capital gains of more than $200 — although it’s unclear how large the profit was.
On Tuesday, the DOJ and eight states announced a lawsuit against Google, which alleges the tech giant had a monopoly over internet search traffic and took anticompetitive action.
Pelosi soon found herself being lampooned on Twitter.
Rep. Lauren Boebert, R-Colo., tweeted “Pelosi selling off millions in Google stock weeks before the DOJ filed a lawsuit against them tells you exactly how she became worth $200+ million on a government salary.”
“Nancy Pelosi sold millions in Google stock a month ago. I’m sure it’s just one giant coincidence that she sold right before the DOJ filed a lawsuit against Google,” Robby Starbuck, a conservative writer, tweeted.
Pelosi’s behavior has been so infallibly crooked that the longtime California Democrat’s name has become synonymous with corruption, and situations such as this latest Google stock sale will only reiterate that reputation.