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Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private sector).
Of our 100 US Senators, only about 10 have a business background. Of those Senators with any business experience, on average, they have been in office longer than they were in business.
There are 36 senators who have been in elected office for more than 30 years. No wonder our economy is stagnant, businesses are struggling, and our country’s finances are in disarray.
We all know who is to blame for the terrible results from Washington. Career politicians created the economic and debt crisis we are in right now. That’s why the approval rating of Congress is 10%, the lowest it’s been in the 70 years that Gallop has tracked their rating. Yet, we re-elect the same people 92% of the time.
So why aren’t they held accountable? They have rigged the system in their favor. Too much of the money raised by the incumbent politicians in this race came from DC lobbyists, PACs, and special interests. That’s the sign of a system run amok. And that advantage keeps good people from outside the political establishment from running for office.
House Minority Leader Nancy Pelosi has been the Democrat leader for the past seventeen years. It turns out Pelosi is among the richest in Congress, having as much as $202 million in 2014.
Remember when Pelosi promised to restore integrity to Washington? Pelosi pledged to “drain the swamp of corruption in Congress.”
Paul Pelosi, Nancy’s husband, is an “ultra-wealthy real estate investor and venture capitalist who has been an active investor in large companies that have been impacted by his wife’s regulations.
Her nephew, Laurence Pelosi, was involved in a ring of shady business deals between the real estate developer Lennar, the city of San Francisco, the California Public Employees Retirement System (CalPERS), and Morgan Stanley.
Laurence Pelosi was a senior executive at Lennar when his cousin for whom he had served as campaign treasurer, Mayor Gavin Newsom, signed an agreement with Lennar to develop the Hunters Point Shipyard.
While Laurence Pelosi served as its senior executive, Lennar also developed and sold $2 billion worth of property to the California Public Employees Retirement System (CalPERS). After the value of the property plummeted, the state brought in Morgan Stanley, who Pelosi had gone to work for, to review and advise on the land deals.
In 2007 Morgan Stanley would purchase thousands of properties from Lennar, including those in California which Laurence Pelosi had developed, for 40 percent of their original cost.
Morgan Stanley was the 19th biggest contributor to Nancy Pelosi’s campaign committee and received $10 billion in the TARP bailout, which the congresswoman voted in favor of.
And now, Pelosi is in hot water again, because of her response to the sexual harassment allegations against John Conyers.
Conyers, who first won election to the House in 1964, has been accused by multiple former staffers of sexual harassment.
New York Democrat Kathleen Rice ripped Pelosi’s response and declared that it “set women back decades.”
“Speaking to reporters at the Capitol, Rep. Kathleen Rice of New York said Pelosi’s appearance on “Meet the Press” on Sunday — when she raised questions about the accounts of Conyers’ accusers and described the Michigan Democrat as an “icon” — ceded the party’s moral high ground on sexual harassment issues, especially because one of Conyers’ accusers is bound by a nondisclosure agreement.
“I think that her comments on Sunday set women back and — quite frankly, our party back — decades,” said Rice, who is advocating for legislation that would expose a slew of hidden, taxpayer-funded settlements for sexual harassment by lawmakers and aides.
New documents uncovered by Judicial Watch suggest House Speaker Nancy Pelosi has been treating the Air Force like her own personal airline. This discovery has led to a barrage of news coverage.
We obtained the documents through the Freedom of Information Act (FOIA). They include…
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