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Throw Them All Out

by Peter Schweizer

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1652168,894 (3.97)None
Politics. Nonfiction. HTML:

THE BOOK WASHINGTON DOES NOT WANT YOU TO READ

How is it that politicians often enter office with relatively modest assets, but then, as investors, regularly beat the stock market and sometimes beat the most rapacious hedge funds? How did some members of Congress know to dump their stock holdings just in time to escape the effects of the 2008 financial meltdown? And how is it that billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington?

In this powerfully argued book, Peter Schweizer blows the lid off Washington's epidemic of "honest graft." He exposes a secret world where members of Congress insert earmarks into bills to improve their own real-estate holdings, and campaign contributors receive billions in federal grants. Nobody goes to jail. Throw Them All Out casts light into the darkest corners of the political system and offers ways to clean house.

"Throw Them All Out is filled with stories of petty theft and so-called 'honest graft' . . . Unsparingly bipartisan in [its] criticism of Washington . . . Mr. Schweizer has performed a valuable service to his country." Washington Times

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Documents the fact that members of Congress trade in the stock of the companies whose lobbied interests are debated and passed. Begins with the "Drug Trade" -- big Pharma. Uses the expression "legal graft". [155]

Cronyism leads to corruption, no matter which political Party indulges it. However, the author inexplicably -- after corrupt capitalists began bribing politicians wholesale since the "Reagan Revolution" which stripped consumers of protection leading to the massive Medical Care crisis and financial collapse in 2008 -- focuses on leading Democrats and their supporters.

This is evidence for the proposition that our Government has been taken over by very rich and often anonymous people who do not pay taxes. In fact, they obtain Government subsidies while offshoring jobs and their profits. Many speculations and innuendoes about Soros and Buffet are made -- drawn from the Fox echo chamber. The Notes reflect sources predominantly from 2003-2009.

Congressman Spencer Bachus, the ranking Republican on the House Financial Services Committee, in the Fall of 2008, becoming chair in 2010. He earns as much trading as from his high salary in a position of having oversight of Fannie and Freddie and in turn, directly over the financial collapse of 2008.[24-32] He profited, making frequent puts and leveraged options, directly interwined with his "work", while America went over a cliff.

The author offers no practical solutions. He just announces that certain things "should not be allowed", and the "the federal government needs to get out of the business...". [176]. Well. ( )
  keylawk | Sep 4, 2013 |
(Letter folded and placed inside front of book)
  efeulner | Mar 28, 2014 |
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Politics. Nonfiction. HTML:

THE BOOK WASHINGTON DOES NOT WANT YOU TO READ

How is it that politicians often enter office with relatively modest assets, but then, as investors, regularly beat the stock market and sometimes beat the most rapacious hedge funds? How did some members of Congress know to dump their stock holdings just in time to escape the effects of the 2008 financial meltdown? And how is it that billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington?

In this powerfully argued book, Peter Schweizer blows the lid off Washington's epidemic of "honest graft." He exposes a secret world where members of Congress insert earmarks into bills to improve their own real-estate holdings, and campaign contributors receive billions in federal grants. Nobody goes to jail. Throw Them All Out casts light into the darkest corners of the political system and offers ways to clean house.

"Throw Them All Out is filled with stories of petty theft and so-called 'honest graft' . . . Unsparingly bipartisan in [its] criticism of Washington . . . Mr. Schweizer has performed a valuable service to his country." Washington Times

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