The next national election is now less than a year away and congressmen and senators are expending much of their time and their energy raising the millions of dollars in campaign funds they'll need just to hold onto a job that pays $174,000 a year.
Few of them are doing it for the salary and all of them will say they are doing it to serve the public. But there are other benefits: Power, prestige, and the opportunity to become a Washington insider with access to information and connections that no one else has, in an environment of privilege where rules that govern the rest of the country, don't always apply to them.That link, F.Y.I., is text and video.
Many of the members of Congress, including House Minority Leader Nancy Pelosi, are said to have used that information, insider trading, to enrich themselves. Today Seung Min Kim (POLITICO) reports that U.S. House Representative Pelosi says she will back legislation banning insider trading by members of Congress. My first thought was, "Took her long enough."
Then I thought, "That's not very generous on my part. At least she came around. She deserves applause for that."
But turns out that she does not deserve any applause. From Seung Min Kim's report:
This is C.I.'s "Iraq snapshot" for today: