Carol Roth, a financial expert and author of "You Will Own Nothing," joins the discussion about President Biden's recent endorsement of a ban on congressional stock trading. This move is seen as a direct jab at Nancy Pelosi, known for her controversial stock market successes. The conversation delves into ethical concerns surrounding insider trading among lawmakers and critiques Biden's use of pardons related to the 'Kids for Cash' scandal. The panel also examines the disconnect between political interests and the working class, highlighting pressing calls for reform.
President Biden's endorsement of a congressional stock trading ban challenges longstanding practices and highlights ethical concerns among lawmakers.
The podcast discusses Mitt Romney's reflections on his legacy within the Republican Party amidst the dominance of Donald Trump's influence.
Critics express frustration over congressional stock trading, emphasizing the need for accountability and reform in the relationship between lawmakers and public trust.
Deep dives
IKEA Winter Sale and Holiday Offers
The IKEA Winter Sale offers significant discounts, allowing shoppers to save up to 50% on select items both in-store and online through January 7th. Additionally, IKEA loyalty members benefit from an extra 10% off on sale items, making it an ideal time to shop for holiday decorations and furniture. For purchases over $2.99 made before December 10th, customers can enjoy free delivery, incentivizing larger purchases. This promotional event provides an opportunity for consumers to create a festive atmosphere in their homes without breaking the bank.
The Purple Leash Project's Mission
The Purple Leash Project aims to address the urgent issue of domestic abuse survivors being unable to leave their abusers due to the lack of pet-friendly shelters. Research shows that almost half of those experiencing domestic violence delay leaving for fear of leaving their pets behind. In response, Purina has initiated the project to help create more shelters that accommodate both survivors and their pets, recognizing the vital role animals play in their healing process. By fostering awareness and developing solutions, the project seeks to eliminate one of the significant barriers preventing survivors from escaping abusive situations.
Senator Mitt Romney's Political Reflections
Senator Mitt Romney discusses his impending departure from office and his efforts to cement his legacy as the conscience of the Republican Party. He acknowledges that Donald Trump has significantly shaped the modern Republican Party, expressing his discomfort with that reality yet reaffirming the need to support the party's current direction. Romney's statements highlight the internal struggles within the GOP, as he attempts to balance his principles with the party's shift towards a Trump-centric ideology. Through candid reflections, he offers insights into the complexities of being a Republican in contemporary American politics.
Concerns Surrounding Congressional Stock Trading
A growing backlash against congressional stock trading has emerged, with many citizens demanding accountability from elected officials who profit from insider knowledge. Recent discussions highlighted the hypocrisy of lawmakers engaging in stock trading while policies such as those suggested by President Biden to ban the practice have seen little support from Congress. Critics argue that such trading undermines public trust in government and that many officials prioritize their financial interests over their constituents'. The situation raises questions about the ethics of congressional practices and the perceived disconnect between lawmakers and the American public.
Challenges Faced by the Trucking Industry
The trucking industry faces a significant crisis, exacerbated by increasing reliance on migrant labor and declining wages for American drivers. Recent policy decisions have highlighted the administration's push to issue more visas for foreign truckers, which many believe undermines the interests of existing workers struggling with stagnant pay. Critics argue that this approach reflects a broader trend of prioritizing corporate interests over American workers and that without meaningful reforms, unfair practices will continue to plague the industry. The ongoing situation underscores a critical need for reevaluation of labor policies and support for domestic workers amid changing economic conditions.
President Joe Biden endorsed a ban on congressional stock trading in an interview that’s being released this week, belatedly weighing in on an issue that has been debated on Capitol Hill for years.
“Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden said. Many observers have surmised that Biden’s statement is a direct shot at former House Speaker Nancy Pelosi, who has become legendary — some would say notorious — for using her position and inside information to make particularly profitable stock trades.
Jimmy, along with his panel of financial expert Carol Roth and Colonial Metals CEO Paul Stone, discuss why Biden might want to shiv Pelosi on his way out the White House door.
Plus segments on Biden’s middle finger to truckers, the death throes of Justin Trudeau’s time as Canadian Prime Minister and the unconscionable pardons issued by the Biden administration to judges convicted in the notorious cash-for-kids scheme.
Also featuring Kurt Metzger, Stef Zamorano and Mike MacRae. And a phone call from Mitt Romney!
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode