John Ransom

Shortly before the market crash in 2008, when oil prices were at all-time highs, Harry Reid, Democrat Senate Majority Leader, sold his investments in the energy industry-- according to his public filings-- and bought the healthcare industry instead.

Thanks to the ensuing banking panic caused by skyrocketing oil prices and their subsequent crash, Barack Obama was elected president of the United States. Obama, history now tells us, made one of his first tasks to enrich Wall Street and healthcare companies through the fundamental transformation of healthcare into a government owned subsidiary.

And now you know, in a thumbnail sketch, how Harry Reid became a millionaire through public service. He’s repeated that variation until wealthy. That’s how a guy who has been living on the public payroll most of his whole life as Reid has, lives at the Ritz Carlton in Washington, DC.

And that’s how Harry Reid has been operating for years.

Whether it’s former aides working for green energy companies and suckling at the public treasury in the forms of “loans” and “subsidies”, or the great market timing that you happen to have when Senate Majority Leader Harry Reid keeps cashing in on his celebrity. It’s too bad he can’t use that investing acumen to bail out Social Security. Or pay for Obamacare. Or create a functioning website.

And that’s really the point, isn’t it?

For a group of people who have screwed up our economy, public policy, and politics over the last 8 years-- voting for wars before they voted against them, voting for everything before they pay for it, or even read what’s in it-- Obama, Pelosi and Reid certainly know how to take care of themselves. I predict Obama will become the first former president to be worth a billion dollars.

And it’s time for them to go.

All. Of. Them.

From the lickspittles on the GOP side that wink and nod because they plunder too, to the private people like Al Gore who enrich themselves on the public stage, they promote a concept of “fairness” that only applies to you and me --never to them.

After spending trillions on an economic recovery that never happened, Main Street is still struggling under the load of new rules and regulations that the government can’t even follow. Yet still they require the compliance of citizens absolutely.

Or they’ll sic the IRS on you. Or the NSA. Or the FBI. Or any one of a number of public security forces now operating within the federal government.

This while Obama plays golf, and Reid and Pelosi play the stock market with money given to them by the Federal Reserve Bank.


John Ransom

John Ransom is the Finance Editor for Townhall Finance.
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