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SENTRY JOURNAL » Uncategorized » Some thoughts from the cheap seats on congressional insider trading

Some thoughts from the cheap seats on congressional insider trading

The one thing that has always rubbed me the wrong way is when a group of people are exempt from the same rules that apply to the rest of society.  You see this time and again when members of congress exempt themselves from the laws they craft for the general public.  I’m sure I’m not the only person who feels this way.  At one time in America success or failure was based on our abilities and effort as long as there was equal opportunity and the rules applied to all.  If you had an idea, a marketable skill, or a rock solid work ethic the sky was the limit in America.  All this was predicated on the notion that the rule of law applied to all and each of us had an equal opportunity to be successful.  That America is gone folks.  We now have central planners picking winners and losers from the car industry to the banking industry.  You can no longer make it in America based on what you know, instead your success is based on who you know.  On Sunday night 60 Minutes ran a segment on congressional insider trading.  I’m not a huge fan of 60 Minutes because of their left leaning tendencies; however this was a story that needed to be told and they did a fairly decent job with it.  Below is a clip of that segment.  If you haven’t watched it I ask that you do because it’s quite revealing.

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So let’s take a look at this and break it down.  This so called exemption or free pass is built of the notion that while in office Senators and Representatives are privileged from arrest during their attendance at the session of their respective Houses, and in going to and returning from the same.  This privilege is derived from Article 1, section 6 of our Constitution.  The only exceptions to the rule per section 6 are in cases of treason, felony and breach of the peace.  Now for some reason this privilege has turned into an immunity idol for our elected officials, believing they are immune to all laws applied to the commoners.  Remember when Nancy Pelosi was questioned about where in the constitution does the legal authority to implement ObamaCare exist?  Her arrogant reply to the question was, “Are you serious?’ This kind of arrogance stems from our elected officials believing they are above the law and what applies towards us doesn’t apply to them.  Now let’s take this a step further.

A felony is defined as: 1) a crime sufficiently serious to be punishable by death or a term in state or federal prison, as distinguished from a misdemeanor which is only punishable by confinement to county or local jail and/or a fine. 2) a crime carrying a minimum term of one year or more in state prison, since a year or less can be served in county jail. However, a sentence upon conviction for a felony may sometimes be less than one year at the discretion of the judge and within limits set by statute. Felonies are sometimes referred to as “high crimes” as described in the U.S. Constitution.

The law tells us that insider trading is a felony.  If insider trading is a felony then what authority in the constitution grants congressional members the power to exempt themselves from committing this felony?  The correct answer is they have no constitutional authority to grant themselves an exemption.  In fact I would argue that they are in violation of the law because this so-called exemption is unconstitutional in my opinion and should be challenged.  And the reason they’ve gotten away with this crap for so long so long is because the public didn’t know about it.  They were like kids raiding the candy store. Finally someone caught them and questioned as to why they get to have candy and we don’t.  By their responses in the clip they look as if they just got caught with their hands in the cookie jar.  If you want to know what is wrong with America, look no further than this report.  These actions by our elected officials in this case represent everything that is wrong with Washington.

If we’re going to turn this thing around it starts with us.  We must write or call our elected officials and tell them we’re not going to stand for this double standard anymore.  I want the America back where the rule of law applies to all and we each have an equal opportunity to succeed or fail.  You should want the same.

Liberty forever, freedom for all!

 

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