There is one thing pretty obvious about The Pelosis, they have attained such vast wealth over the last few years. I’m not saying that corruption runs in their blood, but it is what it is.
Well, it’s not a secret to anyone that one of the ways Pelosis make money is through the stock market, and they always seem to have the inside track somehow.
Paul Pelosi, the husband of the Democrat House Speaker Nancy Pelosi (CA), purchased up to $5 million in stocks for a top semiconductor company, adding to his stock investments just days ahead of a Senate vote that would boost the U.S. chip-manufacturing industry.
Is this another coincidence?
Here’s what Daily Caller reported:
Paul Pelosi purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17, according to the speaker’s disclosure report released Thursday. Now, senators will convene as early as Tuesday to vote on a bipartisan competition bill, which allocates $52 billion to boost domestic semiconductor manufacturing and gives tax credits for production, Reuters reported Thursday.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, told the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
Nvidia is a multinational corporation that designs and manufactures graphics processors and other technology and is heavily reliant on semiconductors. The House passed a bill in February that included $52 billion in domestic subsidies for the semiconductor industry, and chip companies, including Nvidia, demanded Congress in June move forward on finalizing semiconductor subsidies for domestic manufacturing.
The purchase comes on the heels of a vote in the Senate next week on a China competition bill that would shore up the US computer chip manufacturing industry.
The proposal would allocate $52 billion to boost domestic semiconductor manufacturing and provide tax credits for production.
Here’s what Senate Minority Leader Mitch McConnell said Tuesday, “The conference is stuck. And so it seems to me there are a couple of ways out of this, potentially.”
The #AmericaCOMPETES Act will supercharge our investment in CHIPS, advance manufacturing at home, strengthen our supply chain, transform our research capacity and advance our competitiveness and leadership abroad, plus many other key provisions.
— Nancy Pelosi (@SpeakerPelosi) January 25, 2022
Republican South Carolina Rep. Ralph Norman told the DCNF the “optics” of Pelosi’s stock disclosure “are horrible.”
Norman said, “Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate. On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of a U.S.-based chip manufacturer just reeks of impropriety.”
Does the Securities and Exchange Commission even pretend to notice what the Pelosis are doing?
This is the woman who is leading the investigation of President Trump should be the one to be investigated.
Sources: DailyCaller, BusinessInsider
dan