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Well-timed or just lucky? Top Trump officials' stock sales clustered in days before Trump announced tariff news

essentialsaltes

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Sales by top officials, including Cabinet members, their deputies and senior White House officials were clustered in two 10-day periods leading up to President Donald Trump's major tariff announcements Feb. 13 and April 2, according to a USA TODAY analysis of 20 officials’ publicly available transaction forms. Of the stock and stock fund sales administration officials reported [in the 3+ months] between Jan. 20 and April 30, 90% fell within 10 days of the tariff announcements.

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Pommer

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ThatRobGuy

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Insider trading...nothing new there (unfortunately)

In the lead-up to covid restrictions/closures being announced, weren't there like 6 or 7 Senators (and dozen or so House Reps and several corporate "big wigs") who made "deviating from normal pattern" trades to dump large amounts of stock in sectors that would end up getting hit hard by covid closures?

 
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ThatRobGuy

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I wish the Right could just acknowledge this corruption.

There are several social implications at play here that are prohibitive to getting people to be willing to critique their own side.

With the way public discourse gets structured around such subjects, there's no upside to them acknowledging it.

Whether they do or don't acknowledge it, they're going to be labelled as "bad people" and it'll be framed as "that's why you shouldn't have voted for him and the right thing to do would've been to vote for democrats and let them do what they want for 4 years".

If you expect someone to bash their own side or something, there has to be some sort of incentive structure to do that.


If they turn a blind eye to it, then it's "You're a bad person for turning a blind eye to corruption"

If they say "yeah, Trump is corrupt, but I think the left has lost their marbles on the social issues, so I'd rather have Trump in there regardless of how corrupt his inner circle is because at least he'll be a bulwark against the excesses of the left", then it's "You're bad person for putting your petty selfish policy preferences over our 'sacred institutions'"

Same is true going in the other direction as well...

If a person's only choices are
"You're bad for picking that person and ignoring their obvious flaws"
and
"See, that's why you should've just forgone all of your policy preferences and voted for our guy"

...then I don't see what incentive there would be to hand the other side a loaded political gun to use against them.


The line of inquiry and channels of dialogue has to offer some sort of conclusion other than "and that's why should've just let us have power to do what we want for 4 years and put your own preferences aside" if you want people to be more open to self-criticism.
 
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Akita Suggagaki

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There are several social implications at play here that are prohibitive to getting people to be willing to critique their own side.

With the way public discourse gets structured around such subjects, there's no upside to them acknowledging it.

Whether they do or don't acknowledge it, they're going to be labelled as "bad people" and it'll be framed as "that's why you shouldn't have voted for him and the right thing to do would've been to vote for democrats and let them do what they want for 4 years".

If you expect someone to bash their own side or something, there has to be some sort of incentive structure to do that.


If they turn a blind eye to it, then it's "You're a bad person for turning a blind eye to corruption"

If they say "yeah, Trump is corrupt, but I think the left has lost their marbles on the social issues, so I'd rather have Trump in there regardless of how corrupt his inner circle is because at least he'll be a bulwark against the excesses of the left", then it's "You're bad person for putting your petty selfish policy preferences over our 'sacred institutions'"

Same is true going in the other direction as well...

If a person's only choices are
"You're bad for picking that person and ignoring their obvious flaws"
and
"See, that's why you should've just forgone all of your policy preferences and voted for our guy"

...then I don't see what incentive there would be to hand the other side a loaded political gun to use against them.


The line of inquiry and channels of dialogue has to offer some sort of conclusion other than "and that's why should've just let us have power to do what we want for 4 years and put your own preferences aside" if you want people to be more open to self-criticism.
People in public office need to be able to take the critique that comes with the job. They have to also live with themselves.
I know I referenced the "Right" but it indeed goes both ways. We need people of character o both sides to hold their own accountable.
 
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ThatRobGuy

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People in public office need to be able to take the critique that comes with the job. They have to also live with themselves.
I know I referenced the "Right" but it indeed goes both ways. We need people of character o both sides to hold their own accountable.

Then social incentive structures will need to change.

"Criticizing your own team" will need to be disconnected from the implication of "and that's why the right thing to do would've been to vote for our team"...understandably, nobody is on-board with that because it'll just be a never-ending cycle of "whoever can find the worst dirt on their opponent can manipulate the other team into voting for them at the expense of their own policy positions"
 
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