They call her Lady Luck, but there is room for doubt.
A lot of room, in fact. An airplane hangar full of doubt, in fact. From The New York Times:
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars’ worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump. Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,0000 in Treasury bills, according to required public disclosures made to the House.
First of all, it’s beyond ludicrous that any member of Congress can play in the Great Casino. We’ve been through this once before, when it was revealed that a few of them made some serious bank during the burgeoning pandemic. (Members of Congress can trade stocks, but they have to pinky-swear that they are basing their activities only on information available to the general public. Right. I’m convinced.) At the time, there was a move to ban stock trading by congresscritters, which seems like the commonest of common sense. A poll taken in 2021 revealed that 78 percent of those polled approved of a law to that effect. No law to that effect ever took place. And here we are.
Members of Congress are required to report their stock trades within 30 days of making them, though they only have to mark down broad ranges rather than specific dollar amounts. Ms. Greene’s April 8 and 9 trades—21 each in the range of $1,001 to $15,000—are some of the first among members of Congress that will be reported over the coming month as lawmakers detail their financial moves around the time the president encouraged people to buy the dip ahead of his pause on tariffs. “THIS IS A GREAT TIME TO BUY!!!” Mr. Trump wrote on social media the morning of April 9. …
… Ms. Greene, one of Mr. Trump’s most loyal allies in the House and an active stock trader, appeared to heed the advice, making an unusually large volume of stock purchases. That day, she bought stock in several companies, including Apple, which has since gone up in value by about 5 percent. She also bought stock in other technology companies, as well as energy firms such as Devon Energy Corporation and the pharmaceutical giant Merck & Company, according to her public disclosures.
The day before, she purchased stock in Palantir, whose value has since gone up 19 percent, and in Advanced Micro Devices, Inc., whose stock has since risen 21 percent. She also sold the Treasury bills as government bond yields were rising amid the tariff chaos, (Ms. Greene had previously purchased up to $500,000 in Treasuries before April 2, when Mr. Trump announced his most expansive tariffs to date.)
I imagine that Hunter Biden still doesn’t have many good days, but I suspect Tuesday was one of them.
