How did the politicians come up with these rules?

haileymac7's picture

I was looking for a place to ask Thom a question and this was the only place I found where I could write something. I am wondering how it came to be that our politicians that are suppose to "represent" us, do not have to play by the same rules as us? If they vote on Healthcare, how come none of them will have the same Healthcare rules or options we have? Why do they continue to get free healthcare and benefits for the rest of their lives, regardless of the amount of time they served? And why don't the "insider trading" laws apply to them? If the people making our laws are breaking them or putting themselves above them, how do we go about setting things equal?

 

Comments

Redwing
Redwing's picture
Great question.  It proves

Great question.  It proves most of them are greedy slugs.

It is called "do as I say, not as I do"

Shradrack1784
Shradrack1784's picture
@Hailey - Very much agree

@Hailey - Very much agree with your post.
We might both be surprised at how many things we DO agree on.
No chance we'll agree on everything, but hey........I don't agree with my Conservative Activist group at least 20% of the time.

Shradrack1784
Shradrack1784's picture
@Redwing - Agree. IMO there

@Redwing - Agree. IMO there is a difference between "Politicians" and "Public Servants".
Politics is "The art of getting and staying elected.".  And it is an "art".
Politicians' main concern the day after the take the oath of office, is collecting money for their next campaign.
While the few Public Servants there are make decisions based on what is best for their constituents.

Robindell
Robindell's picture
Your information is not

Your information is not entirely correct.  Last spring, President Obama signed into law the Stop Trading on Congressional Knowledge Act, or STOCK.  The law applies to members of Congress, the president, and thousands of ederal employee, who are banned from trading securities on the basis of non-public information.  To quote the AP," . . . the new law requires that public reports of newe transactions exceeding $1000 be posted online either 30 days after the individual was notified of a transaction in his or her account, or 45 days after the transaction."

""It's the notion that the powerful shouldn't get to create one set of rules for themselves and another set of rules for everyone else,"Obama said.

The Securities and Exchange Commission would be able to investigate any suspicions of insider trading on the part of members of Congress, the president, or federal employees affected by the law, and penalities could result if the case is made that a money was made on insider information.  Members of Congress sometimes have access to private information pertaining to corporations as a result of Congress's power to investigate.

 

Shradrack1784
Shradrack1784's picture
@RobindellWould it stop them

@Robindell
Would it stop them from passing legislation that would increase the value of stocks in their portfolio?
Even in a so-called "blind trust"?

haileymac7
haileymac7's picture
I thought the House did not

I thought the House did not let the legislation pass that would have out lawed the "insider knowledge"?