Elaine Luria’s Sudden Flip-Flop On Insider Trading
Nice try, Elaine. Unfortunately for you, voters in Virginia’s 2nd Congressional district aren’t stupid.
We all know that your sudden about-face on insider trading by members of Congress isn’t because of Trump. Or because you suddenly developed a moral compass.
Clearly, you’ve seen polls that show Americans are disgusted with corrupt politicians who use their elected offices to get rich.
Fraud is going to be a campaign issue this fall and Luria is vulnerable.
Who knows. She still has to get through the August 4th Democrat primary. Luria’s affection for insider trading might have hurt her in the August 4th Democrat primary. Unlikely, though. Luria’s ability to raise campaign bucks is second only to her ability to trade stocks.
In a Washington Post story headlined “In Reversal, Luria Backs Congressional Stock-Trading Ban In House Comeback Bid; Luria’s support for the stock-trading ban marks the starkest policy shift that the former Navy commander released in a platform Wednesday” the former mermaid maker was exposed for the transactional politician she is:
Elaine Luria, a former House Democrat mounting a comeback bid for a battleground Virginia district, once derided a congressional stock ban as “bulls---.”
But as she looks to win back her former seat from Rep. Jen Kiggans (R), Luria now says she supports the measure.
“In light of the blatant corruption coming out of this White House, it’s incumbent on members of Congress to set an example,” she said in an interview.
During her two terms in congress Luria loved the notion of getting rich on information her constituents didn’t have. Now that her internal polls are likely showing her losing to Rep. Jen Kiggans - especially on issues of integrity - she’s trying to blame the Trump administration for her stance on Congressional corruption.
The campaign arm for House Republicans labeled Luria a “prolific stock trader” as it blasted her for attending a fundraiser in Washington on Monday hosted by former House speaker Nancy Pelosi (D-California).
In fact, townhall.com reported on Monday’s fundraiser with this headline: “Congress' Most Prolific Stock Traders Are Holding a Ritzy Fundraiser for Democrat Elaine Luria Tonight”
That fundraiser was held at a private, undisclosed residence. Hosts paid $5,000 to attend and co-hosts got to rub elbows with Pelosi and Luria for just $1,500.
In addition to their Democratic politics, Luria and Pelosi also share their love of stock trading. While a member of Congress, Luria traded hundreds of thousands of dollars' worth of stocks. During her time in office, Luria was the largest trader of Chinese stocks. Luria also objected to a ban on such trades by members of Congress, calling any attempt to prevent such trades 'bulls**t.'
Elaine Luria wants voters to believe that when it comes to insider stock trading, Trump made her switch sides.
Bullshit.
