House Speaker Nancy Pelosi has a lot of explaining to do.
Americans are saying what Pelosi is involved in reeks of the worst kind of corruption.
And you won’t believe the sickening scandal Nancy Pelosi just found herself in the middle of.
The U.S. Senate passed the America Competes Act which includes 52 billion dollars to boost the American semiconductor industry.
This legislation is seen as important to compete with Communist China.
Communist China is now threatening war to invade Taiwan, which accounts for 20 percent of the global semiconductor market.
These chips are used in smart phones and other workplaces.
The Senate sought to beef up the American semiconductor industry as a bulwark against Communist China’s military expansionism.
But that legislation stalled as the House of Representatives will not pass the Senate version of this bill because of the objections of socialists.
One possible solution was a vote on a standalone bill for the $52 billion in semiconductor funding.
Nancy Pelosi’s scandal plagued husband Paul – who was recently arrested for DUI – purchased $5,000,000 in stock in Nvidia – which is one of the world’s largest semiconductor manufacturing companies – one week ahead of the vote.
The Daily Caller reports:
House Speaker Nancy Pelosi’s husband Paul bought up to $5 million in stock of a computer chip company ahead of a vote on a bill next week that would hand billions in subsidies to boost chip manufacturing, a financial disclosure shows.
Paul Pelosi purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17, according to the speaker’s disclosure report released Thursday. Now, senators will convene as early as Tuesday to vote on a bipartisan competition bill, which allocates $52 billion to boost domestic semiconductor manufacturing and gives tax credits for production, Reuters reported Thursday.
Both Democrats and Republicans slammed this move as the worst kind of swamp insider trading.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Public Citizen government affairs lobbyist Craig Holman said in an interview with the Daily Caller. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” South Carolina Republican Congressman Ralph Norman told the Daily Caller. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”
When Donald Trump said he wanted to “drain the swamp” this was exactly the type of sleezy behavior Trump had in mind.
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